Needham analyst Mayank Tandon reiterated a Buy rating on Payoneer today and set a price target of $10.00.
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Mayank Tandon has given his Buy rating due to a combination of factors that highlight Payoneer’s strong financial performance and strategic positioning. The company’s third-quarter results exceeded expectations, primarily driven by higher-than-anticipated float income and effective operating leverage. Additionally, Payoneer is experiencing robust growth in its core payment services, with increased adoption of its premium offerings such as B2B, card, and checkout solutions.
Despite a slight decline in larger customers, the average revenue per user has shown significant growth, reflecting a strategic shift towards higher-value solutions. The company’s decision to raise its fiscal year 2025 guidance above consensus forecasts further underscores its positive outlook. Moreover, the current valuation presents an attractive investment opportunity, with a compelling risk-reward profile at an EV/EBITDA multiple of approximately 5x based on fiscal year 2026 estimates. Consequently, Tandon maintains a Buy rating with a price target of $10.
According to TipRanks, Tandon is an analyst with an average return of -2.7% and a 38.63% success rate. Tandon covers the Technology sector, focusing on stocks such as Payoneer, Guidewire, and NCR Voyix.
In another report released on October 30, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $6.50 price target.