Western Union Expands Digital Money Services to Australia

Western Union Expands Digital Money Services to Australia

Shares of the company have gained 10.1% over the past year. Based on 3 Buys, 4 Holds, and 2 Sells, consensus among analysts is a Hold. The WU average analyst price target of $26.78 implies 8.1% upside potential. Related News:Caterpillar Bumps Up Quarterly Dividend by 8%Lovesac Delivers Blowout Q1 Earnings; Shares RiseEastman Chemical Inks $800M Deal for Sale of Tire Additives News

Last month, Northland Securities analyst Michael Grondahl reiterated a Buy rating on the stock with a price target of $32 (29.2% upside potential). Farah added, “Western Union has a distinct vantage point on the diverse money movement needs of our global customers across different continents and economic, financial, and technological ecosystems. Our global platform transcends these complexities, making it possible to send funds easily and quickly across borders and currencies with a few clicks.”

Commenting on the company’s Q1 results, Grondahl said, “For the rest of 2021, WU is focusing on adding additional third-party relationships and multiple partners in its markets, agent optimization, upgrading and modernizing technology.” Western Union Global Network President Jean Claude Farah said, “With expansion of our relationship with Australia Post, we are continuing our recent momentum powering retail players to succeed in the digital space and unlock new growth opportunities so that together we can serve as an economic force for our global customers.” (See Western Union stock analysis on TipRanks)

Source finance.yahoo.com More recent articles from Smarter Analyst:

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