Payoneer Global: High Quality And Resilient Business Model

VioletaStoimenovaFounded in 2005, Payoneer Global (NASDAQ:PAYO) is a global payment provider focusing on helping digital SMBs in emerging markets engage in international transactions. PAYO has been underperforming since going public in 2021, with a price return of -51.6%. It reached an all-time high of $$10.75 per share the same year. Since then, it has gradually declined to reach $$4.8 per share today. I initiate my coverage with a buy rating and a 1-year price target of $6.44, a potential upside of over ...