Amid Mixed Signals, Paysafe's Growth Trajectory Gets a Nod from Top Analysts
Portfolio Pulse from Anusuya Lahiri
Top analysts from RBC Capital, Susquehanna, BMO Capital, and Credit Suisse have given mixed signals on Paysafe Ltd (NYSE:PSFE). While RBC Capital and Susquehanna maintained their ratings and raised their price targets, BMO Capital lowered its price target despite maintaining its rating. Credit Suisse reiterated Paysafe as an Underperform and raised the price target. The analysts acknowledged Paysafe's growth trajectory, improved retention rates, and steady growth in engagement. However, PSFE shares were trading lower by 5.29% at $13.87 on the last check Wednesday.
August 16, 2023 | 7:28 pm
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Paysafe Ltd (NYSE:PSFE) received mixed signals from top analysts. While some analysts raised their price targets, BMO Capital lowered its price target. Despite the company's growth trajectory, PSFE shares were trading lower by 5.29%.
The mixed signals from top analysts, along with the recent drop in PSFE's share price, indicate potential short-term volatility for the stock. While the company's growth trajectory and improved retention rates are positive signs, the lowered price target from BMO Capital and the Underperform rating from Credit Suisse could negatively impact investor sentiment.
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