Barclays initiated coverage of Wise Group Plc with an overweight rating.
The bank set a price target of £11.40 for London-listed shares. It assigned a $15 price target to the U.S.-listed shares. Analysts labeled the payments firm a high-quality growth compounder.
The initiation precedes the first-quarter fiscal 2027 trading update. The company will release this update on July 16. Barclays forecasts quarterly net revenue of $698 million.
This estimate slightly exceeds market consensus due to strong total payment volume growth. Customer momentum also supports the higher revenue forecast. The broker expects card and other revenues to outpace the core cross-border revenue stream.