Blurbs

RBC Capital Thinks Paysafe’s Stock is Going to Recover

In a report issued on July 21, Daniel Perlin from RBC Capital maintained a Buy rating on Paysafe (PSFEResearch Report), with a price target of $4.00. The company’s shares closed last Friday at $1.93, close to its 52-week low of $1.72.

According to TipRanks.com, Perlin is a 5-star analyst with an average return of 9.3% and a 51.6% success rate. Perlin covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, TELUS International (CDA), and Jack Henry & Associates.

Paysafe has an analyst consensus of Strong Buy, with a price target consensus of $4.31.

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The company has a one-year high of $11.28 and a one-year low of $1.72. Currently, Paysafe has an average volume of 6.63M.

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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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