Why Citizens JMP Sees Upside in Pitney Bowes With Market Outperform Rating and Strategic Buybacks

Pitney Bowes Inc. (NYSE:PBI) is one of thebest logistics‑tech stocks to buy now.

On December 3, Citizens JMP initiated coverage on Pitney Bowes with a “Market Outperform” rating and set a price target of $13.00 per share.

They said the stock has room to run, pointing to what they saw as reasonable valuation estimates for 2027. That included an EV-to-free cash flow multiple of 8.7x and an EV-to-EBITDA multiple of 5.6x. The firm highlighted that Pitney Bowes holds dominant positions in its core segments, roughly a 70% share in its “SendTech” mailing/shipping business, and a mid‑30% share in first‑class mail within its “Presort Services” unit.

According to Citizens JMP, management’s recent capital‑allocation policies, including aggressive share repurchases (about 12% of outstanding shares by late October, with ~8% repurchased in the most recent quarter) and steady dividend increases, add to the potential for shareholder value. The analysts also flagged growth catalysts: near‑term potential from the company’s banking operations, and medium‑term upside from expansion of its digital shipping and SaaS tools (such as its SendTech/Shipping‑360 platform), along with possible consolidation gains in its Presort Services business.

Pitney Bowes Inc. (NYSE:PBI) is a U.S.–based technology and logistics company founded in 1920, offering mailing, shipping, mailing‑sortation, shipping‑software, and related financial services through segments such as SendTech and Presort Services.

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Disclosure: None.