RBC Capital analyst Daniel Perlin lowered the firm’s price target on Paysafe to $16 from $19 and keeps a Sector Perform rating on the shares after its Q4 results and guidance. The company remains in transition with FY24 representing a pivotal year as Paysafe is investing an incremental $25M in direct sales teams and portfolio optimization, the analyst tells investors in a research note. Although EBITDA margins are expected to compress in FY24, given these investments, FY25 is expected to yield about 100bps of margin expansion, the firm added.
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