Payoneer Global Inc. (NASDAQ:PAYO) is one of the 12 Best Fintech Stocks to Buy According to Analysts. On October 6, Needham reaffirmed its Buy rating on Payoneer Global Inc. (NASDAQ:PAYO) with a price target of $10.
This decision came after the firm met with Payoneer Global Inc.’s (NASDAQ:PAYO) CEO John Caplan, FP&A executive Gadi Livne, and investor relations representative Caius Slater. They discussed a range of topics, including how recent US tariff increases on China are impacting the company.
Needham noted the tariffs are not as big a challenge for Payoneer Global Inc. (NASDAQ:PAYO) as initially feared. The company has also identified ways to raise its take-rates over time.
Stablecoins were mentioned as a possible driver for Payoneer Global Inc.’s (NASDAQ:PAYO) future growth. New products and collaborations could help the company grow its market share in a market that Needham sees as large and growing.
Needham pointed out that Payoneer Global Inc.’s (NASDAQ:PAYO) valuation is inexpensive, with an enterprise value to EBITDA ratio around 6.5x the firm’s fiscal year 2026 estimate.
Payoneer Global Inc. (NASDAQ:PAYO) is a financial technology company that provides a cross-border payments platform. It helps businesses, freelancers, and online sellers manage their funds across multiple currencies and complete online and international transactions.
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Disclosure: None. This article is originally published at Insider Monkey.