PagBank price target raised to $15 from $14 at Barclays

Barclays raised the firm’s price target on PagBank to $15 from $14 and keeps an Overweight rating on the shares. The analyst says that while PagBank is unlikely to guide fiscal 2024 when reporting Q4, management may still provide high-level views on trends and new product launches. The Q4 call’s key discussion areas will include the potential of unsecured loans stabilizing merchant counts and lifting investment levels to continue market share growth, the analyst tells investors in a research note.