Seaport Global Maintains Buy on Nuvei, Lowers Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
Seaport Global analyst Jeff Cantwell maintains a Buy rating on Nuvei (NASDAQ:NVEI) but lowers the price target from $30 to $29.

March 07, 2024 | 5:32 pm
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NEUTRAL IMPACT
Seaport Global maintains a Buy rating on Nuvei but lowers the price target from $30 to $29.
While the reduction in price target could suggest a slightly less optimistic outlook on Nuvei's future price performance, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the reaffirmed positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100