Aditya Buddhavarapu, an analyst from Bank of America Securities, has initiated a new Buy rating on Payoneer (PAYO).
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Aditya Buddhavarapu has given his Buy rating due to a combination of factors that highlight Payoneer’s structural growth potential and attractive valuation. He sees the company successfully transitioning from a niche marketplace payout provider into a broad, multi‑currency financial platform for small and midsize businesses operating across borders, supported by a large B2B opportunity, resilient marketplace volumes, and rising monetization from additional services and regional mix.
At the same time, he points to operating leverage and strong cash generation as key supports for future shareholder returns, while the core Payoneer Account deepens customer loyalty by embedding into SMB workflows and making switching less appealing. Based on discounted EV multiples versus cross‑border peers and room for rerating as revenue becomes more diversified and profitability improves, he derives a $6 price objective, implying meaningful upside from current levels.