Navigating 6 Analyst Ratings For Payoneer Global
Portfolio Pulse from Benzinga Insights
Over the last three months, Payoneer Global (NASDAQ:PAYO) received mixed analyst ratings, with a recent shift towards a somewhat bullish outlook. The average 12-month price target is now $7.00, down from $7.33, indicating a 4.5% decrease. Analysts from firms like Keefe, Bruyette & Woods, Needham, Benchmark, and Goldman Sachs have updated their ratings and price targets, reflecting changes in market conditions and company performance. Payoneer Global's financial performance shows a solid revenue growth rate of 30.91% as of September 30, 2023, but struggles with profitability and efficiency, as indicated by its below-industry-average net margin, ROE, and ROA.
February 29, 2024 | 6:00 pm
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Payoneer Global has received mixed analyst ratings with a recent average price target of $7.00, indicating a 4.5% decrease from the previous target. The company shows strong revenue growth but faces challenges in profitability and efficiency.
The mixed analyst ratings and the slight decrease in the average price target suggest a cautious outlook for Payoneer Global. While the strong revenue growth is a positive sign, the concerns regarding profitability and efficiency could temper investor enthusiasm in the short term. The adjustments in ratings and price targets by analysts from reputable firms further underscore the need for investors to closely monitor the company's performance and market conditions.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100