Paysafe price target lowered to $18 from $21 at BofA

BofA lowered the firm’s price target on Paysafe (PSFE) to $18 from $21 and keeps an Underperform rating on the shares after preliminary Q4 results and initial FY25 guidance came in below expectations. The firm updated estimates to reflect fiscal year results, 2025 guidance and the agreement to sell the company’s direct marketing payment processing business line, which consists of direct marketing and other card-not-present volumes in both complex and traditional industry verticals.