Paysafe price target raised to $12 from $10 at UBS

UBS raised the firm’s price target on Paysafe to $12 from $10 and keeps a Sell rating on the shares. Paysafe’s Q3 revenue and gross margin missed the firm’s estimates with Merchant segment gross margin pressures persisting, the analyst tells investors in a research note. Achievement of more durable growth ahead is challenging to forecast as a base case particularly in light of weaker incremental Merchant gross margins in year-to-date 2023, the analyst tells investors in a research note.