PagSeguro Digital guidance suggests continued momentum, says Susquehanna 07:58 PAGS
- Foreign exposure. Brazil in this case you are a Non Bank Bank?.. Kind of sofware provider and Apps-- kind of a Square for Brazil.....
Description-
PagSeguro Digital Ltd., together with its subsidiaries, provides financial technology solutions and services for consumers, individual entrepreneurs, micro-merchants, and small and medium-sized companies in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, a digital ecosystem that operates as a closed loop where its clients are able to address their primary day to day financial needs, including
receiving and spending funds, and managing and growing their businesses;
PagBank digital account, which offers banking services through the PagBank mobile app; and Free PagSeguro digital account, which centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem.
It also offers online gaming and cross-border digital services. In addition, the company offers functionalities, and value-added services and features, such as purchase protection mechanisms,
antifraud platform, account and business management tools, and point of sale app. Further, it is involved in processing of back-office solutions, including sales reconciliation, and gateway solutions and services, as well as the capture of credit cards with acquirers and sub acquirers. Additionally, the company engages in the in-person payment activities through POS devices;
and issuance of prepaid cards for spending or withdrawing account balances. It also operates an online platform that facilitates peer-to-peer lending. The company was founded in 2006 and is headquartered in São Paulo, Brazil. PagSeguro Digital Ltd. is a subsidiary of Universo Online S.A.
PagSeguro Digital price target raised to $75 from $60 at Deutsche Bank 07:13 PAGS Deutsche Bank analyst Bryan Keane raised the firm's price target on PagSeguro Digital to $75 from $60 and keeps a Buy rating on the shares ahead of the company's Q4 results on February 25. Keane expects continued strong net adds, PagBank adoption and engagement.
PagSeguro upgraded to Overweight with $61 target at JPMorgan 02/01
PAGS
JPMorgan analyst Domingos Falavina upgraded PagSeguro Digital to Overweight from Neutral with a price target of $61, up from $41. PagBank reached 6.7M clients, adding an "impressive" 1.8M customers in a single quarter, Falavina tells investors in a research note. The analyst expects net additions to "remain strong" and established PagSeguro Digital as his preferred name within non-bank Brazilian Financials. Falavina sees a "solid combination" of strong client base growth, "best-in-class" app ratings, and improving monetization trends with "fast-growing" total payment volume.
For your consideration: PagSeguro.$53.20
Salesforce full-year profit forecast disappoints
Salesforce.com(NYSE:
CRM)reported a record fourth quarter but guided a downside profit forecast for the fiscal year. Revenue was up 20% on the year to $5.82B. Subscription and support revenue gained 20% to $5.48B. For the full year, it guided revenue of $25.65-25.75B, above the $25.45B estimate. But EPS guidance of $3.39-3.41 was below consensus of $3.61.
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