Paysafe: Increased Revenue Outlook And Imminent Benefit From Rate Cuts
PSFEPaysafe (PSFE) Seeking Alpha·2024-09-04 20:40
franckreporter/iStock Unreleased via Getty Images Introduction Paysafe (NYSE:PSFE) has significantly outperformed its largest competitor PayPal (PYPL) so far in 2024, delivering a ~70% gain against the circa 17% return delivered by PayPal:   PSFE vs PYPL in 2024 (Seeking Alpha) I also covered Paysafe back in March 2024, arguing the shares were undervalued as the company would benefit from operating momentum, as well as lower central bank rates. After reviewing Paysafe's Q2 2024 results, I still think th ...