Paysafe price target lowered to $11 from $12 at UBS

UBS lowered the firm’s price target on Paysafe to $11 from $12 and keeps a Sell rating on the shares. The firm says Q4 2023 revenue beat, while Merchant segment gross margin pressures persist. Full year 2024 guidance was roughly in-line on revenue, but below on EBITDA, UBS says.