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 9180.00 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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Pan European Telecom Services and Cable

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Analysts

Soomit Datta

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

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

WISE (Neutral, TP: £8.00 (from £8.30) , +10%) WISE - FY model update: On the Attack; Company call feedback

FYBR Quick Hit: Top Shareholders Planning to Vote Against the Deal

Netflix (NFLX, Neutral, $625 target) Quick Thoughts Ahead of the Print

US Broadband: Impact of Storms Helene and Milton

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