Payoneer Global Inc. (NASDAQ:PAYO) is one of the best strong buy stocks to buy under $10. Deutsche Bank analyst Nate Svensson resumed coverage of Payoneer Global Inc. (NASDAQ:PAYO) with a Buy rating on July 16, setting a price target of $8.00.
A closeup of virtual and physical Mastercard cards demonstrating the company’s innovative payment platform.
Payoneer Global Inc. reported growth in its fiscal Q1 2025 results, with revenue growing 16% year-over-year, excluding interest income. This growth was attributed to a notable take rate expansion with SMB customers and 7% volume growth.
ARPU excluding interest income for the quarter also rose 22%, marking the seventh consecutive quarter of growth. Management attributed these positive trends to growth in higher take rate B2B, continued strength among larger customers, Checkout and Card franchises, and various pricing initiatives.
Payoneer Global Inc. also reported an 18% year-over-year increase in SMB customer revenue in fiscal Q1 2025, reaching $170 million.
Payoneer Global Inc. is a financial technology company that provides a financial platform for medium and small-sized businesses to conduct transactions and do business. Headquartered in New York, NY, the company’s operations are divided into the Israel, United States, and All Other Countries geographical segments.
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This article is originally published at Insider Monkey.
