Payoneer, the Technology sector company, was revisited by a Wall Street analyst today. Analyst Mayank Tandon from Needham reiterated a Buy rating on the stock and has a $10.00 price target.
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Mayank Tandon has given his Buy rating due to a combination of factors including Payoneer’s strong financial performance and positive future outlook. The company’s second-quarter results exceeded expectations, largely driven by the increasing adoption of its high-value products such as B2B services, cards, and checkout solutions. Additionally, Payoneer experienced a notable 11% year-over-year growth in transaction volumes and improved transaction margins.
Furthermore, Payoneer has reinstated its guidance, which had been previously suspended due to external challenges, with a more optimistic outlook than earlier forecasts. This includes higher projections for revenue, EBITDA, and transaction margins, surpassing both consensus and previous estimates. The attractive valuation of the company’s enterprise value to EBITDA ratio, estimated at approximately 8.5 times for the fiscal year 2026, presents a compelling risk-reward scenario. Consequently, the target price has been raised to $10, reinforcing the Buy recommendation.
Tandon covers the Technology sector, focusing on stocks such as Agilysys, Exlservice Holdings, and Genpact. According to TipRanks, Tandon has an average return of -2.3% and a 41.16% success rate on recommended stocks.