Wolfe Research downgraded Payoneer Global (PAYO) to Peer Perform from Outperform without a price target After a a strong run, Wolfe believes Payoneer is now fairly valued at nearly 20-times EBITDA on its 2026 estimates. The firm remains constructive on the direction management is taking with Payoneer, however.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PAYO:
- Payoneer Global price target lowered to $11 from $12 at Keefe Bruyette
- Keefe downgrades Payoneer on ‘full’ valuation after 104% rally
- Payoneer Global downgraded to Market Perform from Outperform at Keefe Bruyette
- Payoneer Global price target raised to $12.50 from $12 at Goldman Sachs
- Unusually active option classes on open November 11th