William Blair analyst Christopher Kennedy has maintained their bullish stance on PAYO stock, giving a Buy rating today.
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Christopher Kennedy has given his Buy rating due to a combination of factors that highlight Payoneer’s strong financial performance and growth potential. The company has shown impressive results in the recent quarter, with revenue and adjusted EBITDA surpassing expectations, indicating robust fundamental trends despite previous tariff-related uncertainties. The easing of these uncertainties has allowed Payoneer to re-institute its 2025 guidance, projecting significant EBITDA growth compared to past years.
Payoneer’s valuation appears attractive, trading at a lower multiple of its projected 2025 EBITDA compared to recent fintech transactions. The company’s diverse business model, spanning various verticals and geographies, along with its strategic initiatives like the integration of blockchain technology, positions it well for future growth. Additionally, the company’s ability to maintain positive ex-float adjusted EBITDA margins and its exploration of stablecoin technology for cross-border B2B payments further support the positive outlook and justify the Buy rating.
In another report released today, Needham also reiterated a Buy rating on the stock with a $10.00 price target.