What To Know About SMBC Nikko's Upgrade of Nuvei

SMBC Nikko upgraded its rating of Nuvei NVEI to Outperform with a price target of $55.00, changing its price target from $50.00 to $55.00.

Shares of Nuvei are trading down 0.45% over the last 24 hours, at $40.20 per share.

A move to $55.00 would account for a 36.82% increase from the current share price.

About Nuvei

Nuvei Corp is a provider of payment technology solutions to merchants and partners. The solutions provided are mobile payments, online payments, and In-store payments. Its geographical segments are North America; Europe, the Middle East, and Africa; Latin America; and the Asia Pacific. The vast majority of its revenue is generated from North America and EMEA.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.