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Fly News Breaks for March 27, 2019
CIOXY, PAGS
Mar 27, 2019 | 08:44 EDT
JPMorgan analyst Domingos Falavina upgraded PagSeguro Digital (PAGS) to Overweight from Neutral and raised his price target for the shares to $35 from $27. The company's total payment volume will continue to post "sound" growth, in spite of net additions decelerating, Falavina tells investors in a research note. Further, PagSeguro's brand awareness remains best in class with around three times more searches than second place Cielo (CIOXY), adds the analyst. He also believes PagSeguro is well ahead in its digital bank product offering. Digital account, debit cards, cash transfers, among others, may add a few billion in potential revenues, Falavina contends. He says PagSeguro "ranks as the cheapest and fastest growing acquirer in our coverage universe."
News For PAGS;CIOXY From the Last 2 Days
PAGS
Mar 26, 2024 | 06:10 EDT
Evercore ISI analyst Sheriq Sumar upgraded PagBank to Outperform from In Line with a price target of $18, up from $12. The firm sees several cyclical and secular tailwinds creating an inflection in revenue and earnings growth in 2024-2026, including accelerated TPV growth, stabilizing take rates, rising gross profit yields, rising client deposits, declining interest rates and reduced margin pressure. As Pag executes on its go-to-market strategy and prioritizes high value small-to-midsize business merchants by cross-selling value-added services and banking solutions, total payment volume, or TPV, growth will accelerate to 17% and 13% in 2024 and 2025, respectively, the analyst tells investors.