Jefferies analyst Trevor Williams initiated coverage of Paysafe with a Hold rating and $11 price target. Following a difficult multi-year period for the stock, Paysafe’s story “is in a much better place” with stability across both segments on better execution, and a clear strategy to improve sales performance, the analyst tells investors in a research note. While encouraged by the progress, the firm says a near-term share re-rating is unlikely with the company’s leverage still elevated, gross margin headwinds in Merchant, and limited visibility into medium term Digital Wallet growth.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on PSFE: