Paysafe price target raised to $23 from $16 at Susquehanna

Susquehanna analyst James Friedman raised the firm’s price target on Paysafe to $23 from $16 and keeps a Neutral rating on the shares. The firm said on many metrics, Pthe company delivered its best quarter yet as a public company, with Merchant Solution revenue growing 13% (vs. 11% last quarter), iGaming delivering over 50% volume growth in North America, and the company closing 18 iGaming deals; all leading management to raise guidance for the year.