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PagSeguro Has ‘Several Cyclical And Secular Tailwinds,’ Says Bullish Analyst

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PagSeguro Digital Ltd (NYSE: PAGS) shares were rising Tuesday morning.

There appeared to be “several cyclical and secular tailwinds” that should drive the company’s revenue and earnings growth between 2024 and 2026, according to Evercore ISI.

The PagSeguro Digital Analyst: Sheriq Sumar upgraded the rating for PagSeguro Digital from In-Line to Outperform, with a price target of $18.

The PagSeguro Digital Thesis: The company’s total payment volume (TPV) growth is poised to accelerate from 12% in 2023 to 17% in 2024 and 13% in …

Full story available on Benzinga.com

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