Payoneer Global slides after suspending 2025 outlook
ReutersMay 7, 2025 12:48 PM
Payment processor Payoneer Global's PAYO.O shares slide 20% to $5.72 before the bell
PAYO suspends previously issued FY 2025 outlook, citing current macroeconomic uncertainty
"There are a broad range of potential outcomes, and as a company supporting cross-border businesses that may be negatively impacted, we face substantial risks which could impact our financial results" - PAYO
About 40% of PAYO's revenue comes from helping customers sell into non-US markets
8 of 10 brokerages rate the stock "buy" or higher and 2 "hold"; median PT $12.50 - data compiled by LSEG
As of last close, PAYO stock down 29% YTD
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