These Analysts Revise Their Forecasts On Paysafe After Q2 Results
Portfolio Pulse from Lisa Levin
Paysafe Limited (NYSE:PSFE) reported better-than-expected Q2 FY23 results and raised its FY23 revenue guidance above estimates. The company's shares gained 23.9% to close at $14.64 on Tuesday. Following the earnings announcement, several analysts revised their price targets on Paysafe, with Credit Suisse, Susquehanna, and RBC Capital increasing their targets, while BMO Capital cut its target.
August 16, 2023 | 1:10 pm
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Paysafe's better-than-expected Q2 results and raised FY23 revenue guidance led to a 23.9% increase in its share price. Analysts have revised their price targets, indicating potential future price movements.
Paysafe's strong Q2 results and raised FY23 revenue guidance have positively impacted its share price. The revised price targets by analysts suggest they have updated their valuation models based on the new information, which could influence investor sentiment and the stock's price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100