B of A Securities Maintains Underperform on Paysafe, Raises Price Target to $14.6
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Jason Kupferberg has maintained an Underperform rating on Paysafe (NYSE:PSFE) but raised the price target from $13.4 to $14.6.
April 15, 2024 | 11:08 am
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NEGATIVE IMPACT
Paysafe's Underperform rating is maintained by B of A Securities, with a price target increase from $13.4 to $14.6.
The maintenance of an Underperform rating suggests a bearish outlook on Paysafe's stock despite the increase in price target. This could indicate that the analyst sees limited upside potential or underlying challenges that may continue to pressure the stock's performance in the short term. The increase in price target, while positive, may not be sufficient to change the overall negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100