PYPL - Payoneer Global gets Overweight rating from Cantor on revenue growth potential

AndreyPopov/iStock via Getty Images Cantor Fitzgerald analyst Josh Siegler initiates coverage on the e-commerce payments platform Payoneer Global (PAYO) with an Overweight rating as he thinks the company's revenue growth estimates may be overly conservative.Siegler expects annual revenue growth of 27-30% over the next two years, and by 23-25% over the next three to five years.Siegler points out that PAYO is trading at an attractive entry point with a ~50% discount on enterprise value/sales.Provides a $13/share price target, which implies 37% upside from its current trade price.As cross-border e-commerce spending is expected to remain elevated, Siegler anticipates Payoneer's cross-border business to expand at a 25% compounded annual growth rate over the next three years.The Outperform rating is inline with the Very Bullish average author rating (1 Very Bullish).Earlier this month, Payoneer drops after new short report from The Bear Cave.On a M/M basis the total return for PAYO (-9.6%) lags PayPal (PYPL) (+3.8%),

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Payoneer Global gets Overweight rating from Cantor on revenue growth potential