On May 26, 2023, PagSeguro Digital (NYSE:PAGS) received an In-Line rating from Evercore ISI Group analyst Sheriq Sumar. Sumar raised the price target from $11 to $12, indicating that the stock is expected to perform in line with the overall market and reach a price of $12. However, other analysts have different views on the stock. According to Capital IQ, the average outperform rating for PagSeguro Digital is accompanied by a price target range of $8.05 to $33.27. In the past, Evercore ISI Group lowered the price target for PagSeguro Digital from $16.00 to $13.00. J.P. Morgan analyst Domingos Falavina maintained a Hold rating on the stock and assigned a price target, while Morgan Stanley also remains a Hold on the stock with a price target consensus of $11.50.
PAGS Stock Opens Lower on May 26, 2023: A Look at Earnings and Revenue Growth
On May 26, 2023, PAGS stock opened at $11.22, lower than its previous close of $12.12. The day’s range was between $10.03 and $11.22, with a volume of 3,106,838. The average volume for the past three months was 3,611,519. The market cap of PAGS was $4.0B.
PAGS had an impressive earnings growth of +36.15% last year, and +10.35% this year. However, the earnings growth for the next five years is expected to be +3.14%. The revenue growth for the past year was +53.79%. PAGS had a P/E ratio of 11.8, a Price/Sales ratio of 0.98, and a Price/Book ratio of 1.78.
The next reporting date for PAGS is on August 31, 2023, with an EPS forecast of $1.31. PAGS belongs to the commercial services sector and miscellaneous commercial services industry. The corporate headquarters is located in São Paulo, Sao Paulo.
Overall, PAGS had a challenging day on May 26, 2023, with a lower opening price than the previous close. However, the company had impressive earnings growth in the past year, and its revenue growth was also notable.
PagSeguro Digital Ltd (PAGS) Stock Price Analysis and Future Prospects
On May 26, 2023, PagSeguro Digital Ltd (PAGS) had a median target price of $12.47, with a high estimate of $18.63 and a low estimate of $8.44, according to data from CNN Money. The median estimate represents a 19.94% increase from the last price of $10.40.
PAGS is a Brazilian financial technology company that provides digital payment solutions and services. The company’s stock has been rated as a hold by 23 polled investment analysts, with a consensus rating that has remained steady since May.
Looking at the current quarter, PAGS had earnings per share of $1.31 and sales of $4.1 billion, with a reporting date of August 31.
The median target price of $12.47 suggests that analysts are optimistic about the future performance of PAGS stock. However, investors should keep in mind that these are only estimates and that stock prices can fluctuate unpredictably.
It’s worth noting that PAGS operates in a competitive and rapidly evolving industry, with new players entering the market and existing players expanding their offerings. As such, the company will need to continue to innovate and adapt to stay ahead of the curve.
Overall, PAGS’s performance on May 26, 2023, indicates that analysts are bullish on the company’s future prospects. However, investors should do their own research and carefully consider the risks and potential rewards before making any investment decisions.
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