Benchmark Cuts PT on Payoneer Global (PAYO) to $7 From $10 – Here’s Why

Payoneer Global Inc. (NASDAQ:PAYO) is one of the best penny stocks to buy according to Reddit. On March 6, Benchmark cut the price target on Payoneer Global Inc. (NASDAQ:PAYO) to $7 from $10 while maintaining a Buy rating on the shares. The firm stated that investors are focused on declining interest income on funds its customers hold on its platform, and that has overshadowed the company’s strengthening operating fundamentals and various strategic initiatives. It further pointed out that the stock has see ...