Citi Upgrades PagBank (PAGS) to Buy Amid Growth Prospects | PAGS Stock News

3 days ago

Citi has raised its rating on PagBank (PAGS, Financial) from Neutral to Buy, accompanied by an increased price target, now set at $10, up from the previous $7. The upgrade reflects the company's steady progression towards becoming a "small-sized bank" with potential for higher returns on equity.

The financial services firm has highlighted that despite the anticipated rise in interest rates for 2025, PagBank expects an 11% earnings growth, attributed to strategic re-pricing initiatives. Additionally, Citi forecasts that a potential reduction in interest rates by 2026 could further boost PagBank's performance, acting as a favorable factor for the company's financial results.

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