Benzinga

Analysts Cut Price Targets On Paysafe Post Q3 Miss

Analysts lowered price targets on Paysafe (NYSE: PSFE) following Q3 miss and slashed FY21 outlook. RBC Capital analyst Daniel Perlin lowered PT to $9 from $15, implying a 112.3% upside, and maintained an Outperform. The analyst notes that the company’s Q3 and guidance were “disappointing” as Paysafe’s Digital Wallet segment has come under pressure from open banking/direct to bank apps in Europe, creating substitute goods for its “core wallet,” resulting in some share loss. Regulation in Germany