New Street Research - WISE PLC (WISE) WISE (BUY, TP: £9.00, +30%) WISE H1 25 - Upgrade to BUY: Good entry point for Platform Opportunity

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New Street Research

Soomit Datta

EUR 9461.00 For Business Accounts Only

WISE (BUY, TP: £9.00, +30%) WISE H1 25 - Upgrade to BUY: Good entry point for Platform Opportunity

WISE’s trading statement this morning reflected the second of two sizeable price cuts this year (late-August). These reflect structural revisions down in the cost base; we appear done now on pricing for the foreseeable future. Gross profit margin is also trending ahead on structural efficiencies (with more to come from syncing into PIX in Brazil).

15/10/2024 1 EN

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WISE PLC

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GB00BL9YR756 London Stock Exchange United Kingdom

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Analysts

Soomit Datta

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WISE (BUY, TP: £9.00, +15%) WISE - H1 25 and Platform deal bang on cue; from billions to trillions

WISE’s full H1 release this morning filled in the lower half of the P&L after interims and gross margin had been pre-released.

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WISE (Neutral, TP: £8.00, +5%) WISE Q1 25 trading statement: Nice beat, after expectations reset

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WISE (BUY, TP: £9.00, +30%) WISE H1 25 - Upgrade to BUY: Good entry point for Platform Opportunity

WISE (BUY, TP: £9.00, +15%) WISE - H1 25 and Platform deal bang on cue; from billions to trillions

WISE (Neutral, TP: £8.00, +5%) WISE Q1 25 trading statement: Nice beat, after expectations reset

TalkTalk H1 results: Guidance looks at risk

Odido (T-Mobile NL) (Equal Weight) Q3 24: Positioned nicely for a possible IPO in 2025

EU Pharma 2025 Outlook - The Correction Was Due, Tread Carefully

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