Paysafe upgraded to Neutral at BofA following ‘overdone’ 23% selloff

As previously reported, BofA upgraded Paysafe (PSFE) to Neutral from Underperform with a price target of $14.30, down from $16, with shares down about 23% since Q1 results were reported on May 13, which the firm sees as likely due to concerns around the second half acceleration embedded in fiscal year guidance in an uncertain macro environment. The firm views the recent selloff as “overdone,” the analyst tells investors. The firm made minor changes to its 2025 estimates to reflect Q1 results and comments on phasing of growth and margins through the year, reducing 2025 EPS by about 3%, the analyst noted.