Barclays Maintains Overweight Rating for PagSeguro Digital: Here's What You Need To Know


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Barclays has decided to maintain its Overweight rating of PagSeguro Digital (NYSE:PAGS) and lower its price target from $16.00 to $14.00.

Shares of PagSeguro Digital are trading down 4.84% over the last 24 hours, at $9.94 per share.

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A move to $14.00 would account for a 40.92% increase from the current share price.

About PagSeguro Digital

PagSeguro Digital Ltd is a Brazilian-based company that acts as a provider of financial technology solutions focused primarily on Micro-Merchants, Small Companies and Medium-Sized Companies (SMEs), in Brazil. The company provides a range of solutions and tools such as cash-in and cash-out options and provides access to working capital to help to manage its cash flow. It delivers an end-to-end digital ecosystem to address day-to-day financial needs, including receiving and spending funds and managing and growing businesses for clients. The company also offers the Free PagSeguro Digital Account delivering Cash-In Solutions, Online and In-Person Payment Tools, Online Payment Tools; and Web Check Outs offer tokenization, handling of shipping information, and others.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


Posted In: Analyst RatingsBZI-AAR-UPDATE