Payoneer Withdraws Annual Guidance Amid Trade Uncertainties

Published 6 hours agoPAYO

Payoneer Withdraws Annual Guidance Amid Trade Uncertainties

Payoneer Global Inc. has recently taken the significant step of withdrawing its financial guidance for 2025. This decision, attributed to prominent trade uncertainties, influenced the company's stock, which closed at $6.05 on May 7, 2025, resulting in a market capitalization of approximately $2.88 billion.

This unexpected move comes after various analyst ratings and assessments. Keefe, Bruyette & Woods downgraded their rating for Payoneer to 'Market Perform' in December 2024 but retained a $12 price target. Meanwhile, in April 2024, Needham maintained a 'Buy' rating, albeit lowering their price target from $8.00 to $7.00, acknowledging strong e-commerce activity and solid product performance.

Despite the current volatility, Payoneer reported strong financial results in previous quarters, including a 19% increase in total revenue for the third quarter of 2024. The company is also advancing its strategic acquisition of a Chinese payment service provider, anticipated to finalize within the first half of 2025. These strategic steps are expected to enhance Payoneer's market positioning during this uncertain period.

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