Wise Group PLC Class A
WISE: XLON (GBR)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| d^% | LOCK|Zn | LOCK|jW<v%g |
Wise: We Raise Our Fair Value Estimate After Taking a Closer Look at Wise's Platform Business
We raise our fair value estimate to GBX 750 from GBX 560 per share after increasing our medium to long-term growth assumptions for Wise. We now anticipate a 10% revenue growth per year on average over the next decade, driven primarily by a 22% per year volume growth from businesses, including its banking platform offering. Our no-moat rating is unchanged. Shares are expensive.
