Nuvei short report ‘rehashes old news,’ says RBC Capital

RBC Capital says the short report today on Nuvei from Spruce Point Capital Management just "rehashes old news." The author previously published a short report on December 8, 2021, the analyst tells investors in a research note. RBC says investors are well aware of Nuvei’s exposure to cryptocurrencies and its headwind to organic growth through 2022. The Paya acquisition is also old news, the firm adds. It says Nuvei’s valuation is much lower today than back in December 2021 and keeps an Outperform rating on the shares with a $50 price target.