These Analysts Revise Their Forecasts On Paysafe After Q2 Results

Paysafe Limited PSFE reported better-than-expected second-quarter financial results and raised FY23 revenue guidance above estimates.

Paysafe reported second-quarter FY23 revenue growth of 6% year-over-year to $402.338 million, beating the consensus of $394.16 million. Adjusted EPS was $0.56, down from $0.62 in 2Q22, beating the consensus of $0.13.

Paysafe raised its revenue outlook to $1.595 billion-$1.608 billion, versus the consensus of $1.59 billion (Prior View: $1.580 billion- $1.60 billion).

Paysafe shares gained 23.9% to close at $14.64 on Tuesday.

These analysts made changes to their price targets on Paysafe following earnings announcement.

• Credit Suisse increased the price target on Paysafe from $14.5 to $15. Credit Suisse analyst Timothy Chiodo maintained an Underperform rating.
• Susquehanna raised the price target on Paysafe from $15 to $16. Susquehanna analyst James Friedman maintained a Neutral rating.
• RBC Capital boosted the price target on Paysafe from $17 to $19. RBC Capital analyst Daniel Perlin maintained a Sector Perform rating.
• BMO Capital cut the price target on Paysafe from $80 to $64. BMO Capital analyst James Fotheringham maintained an Outperform rating.

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