Deutsche Bank has recently increased its price target for Wise plc by 140 GBp. This adjustment reflects a detailed analysis of Wise’s financial performance and market position. The bank’s decision is based on several key statistics: Wise’s revenue growth, customer acquisition rates, and transaction volume. Specifically, Wise reported a 31% increase in revenue year-over-year, showcasing robust growth. Additionally, the company added 1.2 million new active customers in the last quarter, bringing the total to over 10 million. Transaction volumes also surged by 25% compared to the previous year. These figures underline Wise’s expanding market share and operational efficiency, prompting Deutsche Bank to revise its valuation upwards.
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