PAYO - Payoneer Global: Still Priced For Disaster
2024-05-22 16:55:24 ET
Summary
- Payoneer Global Inc. reported strong Q1 results, beating estimates and showing growth in key payment areas.
- The company's main business saw a surge in revenue, overshadowing any negative impact from interest income headwinds from higher interest rates down the road.
- The stock is cheap at only 8x EV/EBITDA targets for 2024.
Payoneer Global Inc. ( PAYO ) reported another quarter of strong growth, yet the stock continues to flutter below $6. The global payments company is starting to execute their business plan of focusing on key payments customers, and B2B payments volumes are soaring. My investment thesis remains ultra-bullish on the cheap stock trading at a major bargain to the growth rates....
Payoneer Global: Still Priced For Disaster