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Fly News Breaks for November 26, 2019
PAGS
Nov 26, 2019 | 04:45 EDT
JPMorgan analyst Domingos Falavina downgraded PagSeguro Digital to Neutral from Overweight with a $39 price target.
News For PAGS 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.