PAGS - PagSeguro Q1 Review: A Smart Bet Despite Foreign Market Risks (Upgrade)

2024-05-24 10:37:37 ET

Summary

• PagSeguro Digital Ltd. is a cheaply priced Brazilian fintech with strong growth rates expected in 2024.
• Despite declining merchant figures, PagSeguro's financials and earnings results are positive.
• The company is projected to deliver a 20% CAGR in 2024, making it an attractively priced investment opportunity.

Investment Thesis

PagSeguro Digital Ltd. ( PAGS ) is a Brazilian fintech that just reported first quarter earnings and that is cheaply priced. That, in and of itself, would be expected since investors typically shy away from investing in foreign companies....

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