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Payoneer Global initiated with an Outperform at Wolfe Research

Wolfe Research analyst Daniel Krebs initiated coverage of Payoneer Global with an Outperform rating and $7 price target. While the company’s exposure to discretionary e-commerce may leave some investors cautious, Payoneer’s valuation reflects these risks, and its "notably improving" profitability provides support and upside, Krebs tells investors in a research note. He believes the company’s goal of compounding revenues at 20% and expanding EBITDA margins is achievable.

Published first on TheFly

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