Needham analyst Mayank Tandon reiterated a Buy rating on Payoneer today and set a price target of $10.00.
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Mayank Tandon has given his Buy rating due to a combination of factors that highlight Payoneer’s potential for growth and market expansion. The company’s core payments business is showing signs of significant improvement, which could lead to an increase in market share within a large and expanding industry. Additionally, the recent discussions with Payoneer’s leadership revealed that the impact of increased tariffs, particularly those affecting China, has not been as detrimental as initially anticipated.
Furthermore, Payoneer is exploring new growth opportunities through stablecoins, partnerships, and innovative products. These initiatives are expected to drive further market penetration. The stock’s current valuation, with an EV/EBITDA ratio of approximately 6.5x based on the FY26 estimate, appears attractive. This, coupled with the potential for upward revisions to market expectations, makes the risk-reward profile favorable, justifying the Buy rating.
Tandon covers the Technology sector, focusing on stocks such as Agilysys, NCR Voyix, and Par Technology. According to TipRanks, Tandon has an average return of -2.4% and a 40.64% success rate on recommended stocks.
In another report released on September 19, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $7.50 price target.