tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Paysafe rallying on low expectations into quarter, says BTIG

BTIG attributes the 20% rally in shares of Paysafe (PSFE) following the in-line Q2 results to low expectations rather than a change in fundamentals. The firm, however, thinks the earnings print and management commentary should give investors confidence in the company’s growth and product initiatives. BTIG continues to feel Paysafe’s valuation is “too cheap” and keeps a Buy rating on the name with a $22 price target The stock in afternoon trading is up 19% to $14.03.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1