Citi raised the firm’s price target on Payoneer Global (PAYO) to $16.50 from $14.50 and keeps a Buy rating on the shares after hosting meetings with management. While risk retention remains inherent to the model, the company’s first loss and turbo exposure declines materially after last quarter’s marks while new forward flows reduce overall risk retention 20%, the analyst tells investors in a research note. The firm says Payoneer’s confidence towards turning GAAP profitable and cash flow positive in fiscal 2025 “remains quite firm.”
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Read More on PAYO:
- 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
- Payoneer Global sees FY25 revenue $1.04B- $1.05B, consensus $1.04B
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