Wise Share Price Target Cut But Analyst Remains Bullish

In a note to clients this week, Jefferies lowered its price target on Wise plc (LON: WISE) to 1,247p from 1,353p, maintaining a Buy rating on the stock. 

The investment bank’s revision follows a meeting with Wise management, after which the firm left with a “positive impression” regarding the company’s commitment to improving disclosure around its Platforms segment and fostering open market dialogue. 

Jefferies told investors it has now adjusted its long-term estimates to align with Wise’s guidance range.

The target change from Jefferies follows Morgan Stanley’s downgrade of Wise last month, when analyst Adam Wood shifted the stock from Overweight to Equal Weight while raising the price target to 1,185p from 1,045p. 

The downgrade was part of a broader reassessment of European software and services stocks for 2025, with Morgan Stanley continuing to favour “strong idiosyncratic stories” amid a “still subdued macro and IT spending backdrop.” 

While IT budgets are showing some growth, the bank said the overall economic environment remains uncertain.

Despite the revised price targets, Wise remains a key player in the cross-border payments market, with investors closely watching its disclosure practices and financial guidance. 

The company’s share price has performed well recently, rising almost 30% in the last 12 months, with a more than 53% gain in the last six months. The rise has pushed Wise shares to well over the 1,000p per share mark.