Saturday, May 31, 2025

Latest

Nuvei: Canaccord Lifts Price Target To US$140

On September 23, Nuvei Corporation (TSX: NVEI) announced that they have partnered with U.S internet gaming operators to provide their customers with verified withdrawals. Nuvei says, “Verified, instant withdrawals offer an enhanced user experience and are available to operators through Nuvei’s Instant Bank Transfer technology.”

Nuvei currently has 12 analysts covering the stock with an average 12-month price target of U$125.52. Out of the 12 analysts, 3 have strong buy ratings, 7 have buy ratings and 2 have hold ratings. The street high sits at U$155 while the lowest comes in at U$100.

On September 26th, Canaccord raised their 12-month price target on Nuvei to U$140 from U$130, while reiterating their buy rating on the stock, saying, “Nuvei not resting on its laurels despite 40+% organic growth.”

Canaccord says that on top of this announcement, Nuvei “continues to focus on building leading-edge payments functionality across the broader sports betting landscape,” as it has recently partnered with Plaid to add withdrawals on gaming bets. They also believe that the company is using its balance sheet and cash wisely, as they talk highly of their expansion into South America.

They believe that these most recent moves are validation of Canaccord’s thesis. This goes something along the lines of “Whether it is Nuvei’s unique payments platform architecture, majority exposure to fast-growth eCommerce, impressive global footprint, or à la carte service offerings”


The author has no securities or affiliations related to any organization mentioned. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Antibe: Canaccord Raises Price Target After Q4 Results

On June 28th, Antibe Therapeutics (TSX: ATE) reported their fourth quarter and year-end financials. The...

Friday, July 2, 2021, 12:18:00 PM

BMO: Netflix Is Now “Growth At A Reasonable Price”

The earnings season has started off with a bang as Netflix (Nasdaq: NFLX) closed its...

Wednesday, April 20, 2022, 04:45:47 PM

Sundial Growers Sees Canaccord Reiterate $0.80 Price Target

On November 11th, Sundial Growers (NASDAQ: SNDL) reported their third quarter results. The company reported...

Wednesday, November 17, 2021, 11:47:00 AM

BMO Downgrades Activision Blizzard, Says To “Take Profits, Step To Sidelines”

BMO’s analyst Gerrick Johnson is downgrading Activision Blizzard (NASDAQ: ATVI) to Market Perform and reducing...

Tuesday, October 13, 2020, 04:24:00 PM

Plug Power: Canaccord Halves Price Target After Q1 Results

On June 22nd, Plug Power (NASDAQ: PLUG) announced their first-quarter results, The company announced net...

Friday, June 25, 2021, 11:42:00 AM