PagSeguro Digital Ltd. (NYSE:PAGS) ranks among the best cheap rising stocks to invest in now. Morgan Stanley reaffirmed its Underweight rating on the Brazilian payment processor PagSeguro Digital Ltd. (NYSE:PAGS) on September 19, while raising its price target from $5 to $7. The increase comes as a result of Morgan Stanley’s revised earnings per share projections and a decrease in the valuation model’s discount rate from 13.6% to 13.0%.
Morgan Stanley has also raised PagSeguro Digital Ltd.’s 2025 GAAP net income expectation to R$2,369 million, up from R$2,029 million previously projected.
Meanwhile, PagSeguro Digital Ltd.’s GAAP net income is expected to be R$2,476 million in 2026, up from R$2,012 million previously.
PagSeguro Digital Ltd. is a Brazilian financial technology company that offers a fully integrated digital banking and payment platform.
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This article is originally published at Insider Monkey.
