Paysafe Group Ltd : The bullish trend is not over
By Alexis Peyrard
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 456.25 | GBX 510 | GBX 435 | +11.78% |
Fundamentals on the company are strong. The company enjoys significant growth perspectives and an interesting profitability. Sales are expected to rise by 37% this year, reaching $347 millions for a net margin of 14.4%. Moreover, analysts have largely increased their revenues and EPS estimates. The consensus is unanimously buyer and an interesting potential considering the average target price.
Graphically, the stock is trading in a bullish trend supported by increasing moving averages. This trend should carry the stock to GBp 510 resistance level, corresponding to highest prices of the year.
Therefore, a long position could be taken at the current price with a target set at GBp 510. However a stop loss will protect this strategy under the entry point in case of a bearish reversal.