Payoneer Study: Freelance Workers Thrive in Pandemic
Increased Demand, Pay Drive Sector Growth
Despite the ongoing global pandemic, Payoneer's latest study has revealed that freelance workers have experienced both increased demand and pay. This surge has been driven by various factors, including the shift to remote work and the rise of e-commerce.
Analyst Optimism
Analysts are optimistic about Payoneer's future prospects. Trevor Williams has given the company a "Buy" rating due to a combination of factors that suggest continued growth. One key metric, the price-earnings (PE) ratio, is currently at 1698, which is high compared to the Business Support sector.
Positive Price Trend
Payoneer's stock price has performed well in recent weeks. PAYO closed the last trading session at $6.29, gaining 14.8% over the past four weeks. Investors have been betting on Payoneer Global because of its solid estimate revisions.
Price Targets
According to six analysts, the twelve-month price targets for Payoneer Global range from $783 to $995, with an average target of $859. This suggests that analysts expect the company's stock to continue to appreciate.
Greenhouse Gas Assessment
As part of Payoneer's commitment to sustainability, the company has released its first third-party greenhouse gas (GHG) assessment. This report demonstrates Payoneer's efforts to reduce its environmental impact and contribute to a more sustainable future.
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