New

Needham Keeps Buy Rating On Payoneer (payo) After Q1 Results

Payoneer Global Inc. (NASDAQ:PAYO) is one of the 10 Best US Stocks Under $5 to Buy. On May 8, Needham reiterated its Buy rating on Payoneer Global Inc. (NASDAQ:PAYO) with a price target of $8 on the stock. This update comes after the company reported financial results for its first quarter of 2026.

The company reported that revenue excluding interest income increased 11% from the same period last year. The growth was driven by a 16% increase in volume, led by a strong acceleration in the B2B business. Payoneer Global Inc. (NASDAQ:PAYO) reported that revenue from small and medium-sized business customers reached $189 million, up 12% year-over-year.

B2B volume growth accelerated sharply to 44% compared to last year. This growth was fueled by strength in China, Europe, the Middle East and Africa (EMEA), and the Asia-Pacific (APAC) region.

Additionally, Payoneer Global Inc. (NASDAQ:PAYO) announced a strategic collaboration with FundPark, a fintech company that offers financing solutions for e-commerce businesses in Hong Kong to help them accelerate their global business expansion.

Payoneer Global Inc. (NASDAQ:PAYO) increased its full-year 2026 guidance. The company now expects revenue between $1.10 billion and $1.14 billion and adjusted EBITDA between $285 million to $295 million.

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.

[im-yf-promo]

While we acknowledge the potential of PAYO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

[/im-yf-promo]

While we acknowledge the risk and potential of PAYO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PAYO and that has 10,000% upside potential, check out our report about this cheapest AI stock.

Disclosure: None.  Follow Insider Monkey on Google News.

Back to Listing

credit:

Needham Keeps Buy Rating On Payoneer (payo) After Q1 Results

Popular Products