Maxim analyst Allen Klee lowered his price target on Net 1 UEPS to $12 after its Q1 earnings miss that was driven in part by the 28c per share loss related to the completion of the SASSA contract. The analyst also keeps his Buy rating on the shares in the long run, stating that the latest results understate the company's "longer term earnings power, as the company is taking multiple actions to grow EPE and rural bank accounts, telecom and financial services in South Africa and other African countries". Klee anticipates that Net 1 UEPS will be able to fully pay down its South African debt and start buying back stock by next fiscal year.