Needham Initiates Coverage On Payoneer Global With Buy Rating, Sees 33% Upside

  • Needham analyst Mayank Tandon initiated coverage on Payoneer Global PAYO with a Buy rating and a $13 price target implying a 32.65% upside. 
  • Tandon is optimistic about the company's diverse cross-border payments product suite, including physical/virtual card issuance, merchant services, tax, compliance, and FX solutions. 
  • Payoneer Global is a diverse cross-border payments provider operating in a market ripe for disruption and significant growth as online marketplaces gain popularity, Tandon added.
  • Price action: PAYO shares traded higher by 2.04% at $10 in the market session on the last check Thursday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: NewsPrice TargetInitiationAnalyst RatingsTechMediaBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!