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Paysafe price target lowered to $11 from $22 at BTIG

BTIG lowered the firm’s price target on Paysafe (PSFE) to $11 from $22 and keeps a Buy rating on the shares. The company’s Q3 results were “fine” but its updated FY25 guidance and implied Q4 guide are very bad, especially for EBITDA, the analyst tells investors in a research note. The biggest concern with Paysafe’s guidance cut was that just last quarter, the management said it had very good visibility into a second-half acceleration, the firm added.

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