Payoneer Global price target raised to $16.50 from $14.50 at Citi

Citi raised the firm’s price target on Payoneer Global (PAYO) to $16.50 from $14.50 and keeps a Buy rating on the shares after hosting meetings with management. While risk retention remains inherent to the model, the company’s first loss and turbo exposure declines materially after last quarter’s marks while new forward flows reduce overall risk retention 20%, the analyst tells investors in a research note. The firm says Payoneer’s confidence towards turning GAAP profitable and cash flow positive in fiscal 2025 “remains quite firm.”