Paysafe price target raised to $21 from $19 at BTIG
The Fly

Paysafe price target raised to $21 from $19 at BTIG

BTIG analyst Andrew Harte raised the firm’s price target on Paysafe to $21 from $19 and keeps a Buy rating on the shares. The company’s Q1 results demonstrated that its management has stabilized the business across both segments, that it is executing to drive growth, and that its ample free cash fow generation is enabling it to reduce leverage while returning capital to shareholders, the analyst tells investors in a research note. Paysafe’s Merchant Solutions gross margin also expanded while its leverage ticked down sequentially to 4.9-times, with $14M of its capital used to buy back shares, the firm added.

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