Nuvei Corp Stock Forecast:
According to the predictions of 12 analysts, the average price that Nuvei Corp‘s stock is expected to reach over the next 12 months is USD 56.15. The general consensus among these analysts is that Nuvei Corp is a strong buy. However, Stock Target Advisor‘s own analysis of Nuvei Corp’s stock suggests a very bearish outlook, based on three negative signals and no positive signals. Currently, Nuvei Corp’s stock price is USD 36.41, which has increased by 18.33% over the past week and 4.48% over the past month, but has decreased by 26.83% over the past year.
Analysts Coverage Change:
- RBC reiterates its Outperform rating for Nuvei Corp with a target price of $50.
- Raymond James maintains an Outperform rating and raises the target price to $49 from $40 on the company’s stock.
- Goldman Sachs & Co. Initiates coverage with a Buy rating and a target price of $46.
- Credit Suisse Group Upgrades to an Outperform rating.
- Target price raised from USD 37 to USD 45
- Keefe, Bruyette & Woods maintains its Outperform rating and raises the target price to $45 from $42.
- Scotia Capital maintains an Outperform rating and a target of $50
- CIBC World Markets upgrades to an Outperform rating.
About Nuvei Corp.:
Nuvei Corp is a Montreal-based payment technology company that provides a comprehensive suite of payment solutions to merchants and partners worldwide. The company caters to various industries, including retail, hospitality, gaming, and financial services, offering support across mobile or in-app, online, unattended, and in-store channels.
Nuvei Corp has a global presence, serving customers across North America, Europe, the Middle East and Africa, Latin America, and the Asia Pacific. The company’s payment technology solutions encompass the entire lifecycle of a transaction, from authorization and processing to settlement and reporting.
Nuvei Corp distributes its solutions through direct sales, indirect sales for small-and-medium sized businesses, and eCommerce resellers. The company’s payment technology is designed to be secure, reliable, and scalable, providing businesses with the flexibility to grow and expand their operations.
Founded in 2003, Nuvei Corp has established itself as a leader in the payment technology industry, with a focus on innovation and customer service. The company’s mission is to simplify payments for businesses of all sizes, helping them to improve their bottom line while delivering a seamless payment experience to their customers.