Cantor Fitzgerald Maintains Overweight on Payoneer Global, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Josh Siegler has maintained an Overweight rating on Payoneer Global (PAYO) but lowered the price target from $8 to $7.

March 01, 2024 | 2:56 pm
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Cantor Fitzgerald maintains an Overweight rating on Payoneer Global but lowers the price target from $8 to $7.
While the maintenance of an Overweight rating suggests continued confidence in Payoneer Global's fundamentals and growth prospects, the reduction in the price target could indicate a reassessment of the company's near-term valuation or potential headwinds. This mixed signal might lead to short-term market uncertainty around PAYO's stock, but the overall positive stance could help mitigate significant negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100