Goldman Sachs lowered the firm’s price target on Payoneer Global (PAYO) to $9 from $11 and keeps a Buy rating on the shares. Heading into Q1 earnings, financial technology stocks have generally underperformed as the macro picture “now appears much cloudier,” the analyst tells investors in a research note. Goldman still likes “higher beta names with idiosyncratic stories” and is “incrementally becoming more constructive on the more defensive names.”
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Read More on PAYO:
- Payoneer Global price target lowered to $8 from $10 at Keefe Bruyette
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- Payoneer Global price target lowered to $10 from $11 at Keefe Bruyette
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