Why Citizens JMP Sees Upside in Pitney Bowes With Market Outperform Rating and Strategic Buybacks

Pitney Bowes Inc. (NYSE:PBI) is one of thebest logistics‑tech stocks to buy now.

On December 3, Citizens JMP initiated coverage on Pitney Bowes with a “Market Outperform” rating and set a price target of $13.00 per share.

They said the stock has room to run, pointing to what they saw as reasonable valuation estimates for 2027. That included an EV-to-free cash flow multiple of 8.7x and an EV-to-EBITDA multiple of 5.6x. The firm highlighted that Pitney Bowes holds dominant positions in its core segments, roughly a 70% share in its “SendTech” mailing/shipping business, and a mid‑30% share in first‑class mail within its “Presort Services” unit.

Why Citizens JMP Sees Upside in Pitney Bowes With Market Outperform Rating and Strategic Buybacks

nd3000/Shutterstock.com

According to Citizens JMP, management’s recent capital‑allocation policies, including aggressive share repurchases (about 12% of outstanding shares by late October, with ~8% repurchased in the most recent quarter) and steady dividend increases, add to the potential for shareholder value. The analysts also flagged growth catalysts: near‑term potential from the company’s banking operations, and medium‑term upside from expansion of its digital shipping and SaaS tools (such as its SendTech/Shipping‑360 platform), along with possible consolidation gains in its Presort Services business.

Pitney Bowes Inc. (NYSE:PBI) is a U.S.–based technology and logistics company founded in 1920, offering mailing, shipping, mailing‑sortation, shipping‑software, and related financial services through segments such as SendTech and Presort Services.

While we acknowledge the potential of PBI to grow, 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 PBI and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None.