Shares of Brazilian financial technology solutions provider PagSeguro (NYSE:PAGS) are down over 19% in today’s trading session. This can be attributed to its Q3 earnings report, which saw revenue grow by 45.3% year-over-year to R$4.04 billion. However, this was below analyst estimates of R$4.087 billion.
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In addition, earnings per share came in at R$1.16, which also missed expectations of R$1.28.
Is PAGS Stock a Buy?
PAGS stock has a Moderate Buy consensus rating based on four Buys, three Holds, and zero Sells assigned in the past three months. The average PAGS stock price target of $17.14 implies more than 77% upside potential.
