Payoneer Global: Ukraine Coming Back
- Payoneer easily surpassed Q1'22 consensus estimates.
- The global payments company has seen the Ukraine customer base remain resilient with up to 50% of the business intact.
- The stock is cheap at 2x '23 EV/S targets after the company hiked '22 revenue guidance by $20 million.
- This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »
Only a few months ago, Payoneer Global () was hit by a cut to 2022 revenue expectations due to the war in Ukraine. The company reported a strong Q1'22 and the Ukraine business isinvestment thesis