Flywire's Q3 Guidance Looks Achievable Amid Robust Traffic Trends, Morgan Stanley Says

11:18 AM EDT, 10/28/2026 (MT Newswires) -- Flywire's (FLYW) Q3 guidance looks achievable, and total payment volume is likely to remain resilient as trends indicate better-than-expected traffic despite a visa growth slump across the company's education markets, Morgan Stanley said in a Wednesday research report. The brokerage said it expects 17% revenue less ancillary services growth in 2027, supported by larger platform wins, higher annual recurring revenue, student financial software cross-sell, and improved payer retention despite tougher comps, analysts wrote. The company is due to report Q3 results on Nov. 3. Flywire can grow through student visa headwinds in some corridors, driven by sustained share gains, cross-sell of SFS and domestic payments, and prioritization of full platform sales, according to the note. The brokerage said it reiterated its overweight rating on the stock and raised its price target to $24 per share from $22. Price: 18.70, Change: -0.14, Percent Change: -0.74