Is Payoneer (PAYO) One of the Best Fintech Stocks to Buy?

Payoneer Global Inc. (NASDAQ:PAYO) is one of the 12 Best Fintech Stocks to Buy According to Analysts. On October 6, Needham reaffirmed its Buy rating on Payoneer Global Inc. (NASDAQ:PAYO) with a price target of $10.

This decision came after the firm met with Payoneer Global Inc.’s (NASDAQ:PAYO) CEO John Caplan, FP&A executive Gadi Livne, and investor relations representative Caius Slater. They discussed a range of topics, including how recent US tariff increases on China are impacting the company.

Is Payoneer (PAYO) One of the Best Fintech Stocks to Buy?

Needham noted the tariffs are not as big a challenge for Payoneer Global Inc. (NASDAQ:PAYO) as initially feared. The company has also identified ways to raise its take-rates over time.

Stablecoins were mentioned as a possible driver for Payoneer Global Inc.’s (NASDAQ:PAYO) future growth. New products and collaborations could help the company grow its market share in a market that Needham sees as large and growing.

Needham pointed out that Payoneer Global Inc.’s (NASDAQ:PAYO) valuation is inexpensive, with an enterprise value to EBITDA ratio around 6.5x the firm’s fiscal year 2026 estimate.

Payoneer Global Inc. (NASDAQ:PAYO) is a financial technology company that provides a cross-border payments platform. It helps businesses, freelancers, and online sellers manage their funds across multiple currencies and complete online and international transactions.

While we acknowledge the potential of PAYO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PAYO and that has a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.