Paysafe price target lowered to $10 from $17 at RBC Capital

RBC Capital analyst Daniel Perlin lowered the firm’s price target on Paysafe (PSFE) to $10 from $17 and keeps a Sector Perform rating on the shares after its Q3 earnings miss and guidance cut. The combination of a negative mix shift to lower margin ISO growth and longer timelines to deliver key product initiatives to market resulted in the management reducing its FY25 guidance materially, the analyst tells investors in a research note. The speed and magnitude of the shift is concerning and the stock will remain rangebound pending proof-points that support the management’s early read of high-single-digit adjusted EBITDA growth in FY26, the firm added.