Flywire (FLYW) is benefiting from increasing overall diversification of its business, RBC Capital Markets said in a note Thursday.
RBC said Flywire has incorporated a roughly $30 million hedge into its preliminary 2026 outlook to eliminate visa-related headwinds and macro pressures.
The firm noted that the company's travel and UK education businesses together contribute about 50% of its total revenue, while markets outside US, UK, Canada and Australia account for about 12% of the company's revenue.
RBC also highlighted Flywire's student financial software platform as a growing opportunity, noting it broadens the company's appeal to schools with smaller international student population and carries higher gross profit potential.
RBC reiterated its outperform rating on Flywire and maintained a $18 price target.
Price: 14.62, Change: +0.18, Percent Change: +1.21
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