Keefe Bruyette lowered the firm’s price target on Payoneer Global (PAYO) to $8 from $10 and keeps a Market Perform rating on the shares as part of a Q1 payments preview. Until there is more clarity on the macro backdrop, it is hard to see payments stocks outperforming meaningfully given the fear of potential downward revision to estimates, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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 raised to $16.50 from $14.50 at Citi
- Payoneer Global price target lowered to $10 from $11 at Keefe Bruyette
- Payoneer Inc. Achieves Record Growth in 2024
- Payoneer Earnings Call: Record Growth and Strategic Moves
- Payoneer: Strong Q4 Performance and Attractive Valuation Justify Buy Rating