SMBC Nikko upgraded Nuvei to Outperform from Neutral with a price target of $55, up from $50. The analyst says few stories in the payments, processors and financial technology space have a more compelling set up in the year ahead than Nuvei. The company is extending its leadership in online gaming via signature logo wins and expanding its platform capabilities well beyond traditional merchant acquiring, the analyst tells investors in a research note. The firm expects these items "will gain far greater appreciation" in 2023.
Published first on TheFly
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