Hold Rating on International Money Express Amid Underperformance and Pending Western Union Acquisition
Analyst Christopher Zhang of UBS has maintained a Hold rating on International Money Express with a price target of $16.00. This decision is influenced by the company's recent underperformance, including Q3 2025 earnings that fell short of expectations, a decline in transaction volume, and the pending acquisition by Western Union, which is subject to shareholder approval. The merger is expected to close in mid-2026, adding uncertainty to the company's future. Zhang's cautious stance reflects the current market conditions and the implications of the acquisition.
Analyst Christopher Zhang of UBS maintained a Hold rating on International Money Express, with a price target of $16.00.
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Christopher Zhang’s rating is based on a combination of factors, including the recent financial performance of International Money Express and the pending acquisition by Western Union. The company’s Q3 2025 earnings were below expectations, with revenue, adjusted EBITDA, and adjusted EPS falling short of both Street and UBS estimates. This underperformance was accompanied by a decline in transaction volume and a decrease in transactions year-over-year, indicating potential challenges in the company’s operational metrics.
Additionally, the acquisition by Western Union introduces uncertainty, as it is contingent upon shareholder approval and other conditions, with the merger expected to close in mid-2026. The valuation of International Money Express is aligned with the proposed acquisition price, which suggests a neutral stance given the current market conditions and the anticipated impact of the merger. Zhang’s Hold rating reflects a cautious approach, considering the financial results and the strategic implications of the acquisition.
