Citigroup Maintains Buy on Payoneer Global, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ashwin Shirvaikar has maintained a Buy rating on Payoneer Global (NASDAQ:PAYO) but has lowered the price target from $7.5 to $6.
March 21, 2024 | 4:22 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Citigroup maintains a Buy rating on Payoneer Global but lowers the price target from $7.5 to $6.
While the reduction in price target could suggest a tempered outlook on Payoneer Global's short-term price potential, the maintenance of a Buy rating indicates Citigroup's continued positive view on 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 confidence in the company's prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100