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Brazil’s PagSeguro Digital Gets A Boost: Goldman Sachs Upgrades Stock, Forecasts Stronger 2024 Growth

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Goldman Sachs analyst Tito Labarta upgraded PagSeguro Digital Ltd (NYSE:PAGS) to Neutral from Sell rating at an increased price target of $13.8 (from $7.40).

The analyst expects TPV growth to remain in the low double digits throughout 2024, following its rebound to 11% Y/Y in the third quarter of FY23.

Consequently, the analyst expects revenue growth to improve Q/Q after several quarters of deceleration, while net margin is projected to stabilize (with possible upside) on declining interest rates, …

Full story available on Benzinga.com

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