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RBC Capital Reaffirms Their Buy Rating on Paysafe (PSFE)

In a report issued on February 28, Daniel Perlin from RBC Capital maintained a Buy rating on Paysafe (PSFEResearch Report), with a price target of $9.00. The company’s shares closed last Wednesday at $3.03, close to its 52-week low of $2.59.

According to TipRanks.com, Perlin is a 5-star analyst with an average return of 16.9% and a 59.6% success rate. Perlin covers the Technology sector, focusing on stocks such as TELUS International (CDA), Jack Henry & Associates, and Fidelity National Info.

Paysafe has an analyst consensus of Moderate Buy, with a price target consensus of $8.33, implying a 147.9% upside from current levels. In a report released yesterday, Susquehanna also maintained a Buy rating on the stock with a $9.00 price target.

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Based on Paysafe’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $354 million and GAAP net loss of $147 million. In comparison, last year the company earned revenue of $356 million and had a GAAP net loss of $38.13 million.

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Paysafe Limited is an online payments company. It operates under several brands, including Paysafe, Skrill, paysafecard, Paysafecash, and Paysafe. Headquartered in the U.K., the company was originally listed on the London Stock Exchange. Following its acquisition by a consortium of U.S. companies, it has been listed on the NYSE since March 2021. Paysafe specializes in payment processing, digital wallets, and online cash solutions.

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