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Paysafe Stock Gets a Price Target Cut. But This Analyst Sees Positive Catalysts.
Susquehanna reduced its price target on Paysafe (ticker: PSFE) to $13 from $17, citing a sales miss in the third quarter, challenges within Paysafe’s digital wallet segment and trimmed guidance. Shares of Paysafe fell by roughly 1% to $4.45 on Monday. Analysts at Susquehanna, however, rated the stock positively, as the company’s “online gambling and sports betting solutions become more meaningful components of growth, Direct Marketing challenges in their integrated business abate, and eCash enjoys further secular tailwinds.”
