Upgrade When it releases its results on May 10, Scotia Capital analyst Paul Steep said Nuvei Corp. is likely to report “on-going growth.”
“We believe that Nuvei will continue to see growth fueled by recent acquisitions and on-going organic expansion primarily through increased payment volumes,” he said.
“We expect Nuvei will continue to grow through a combination of organic and acquired initiatives and that the company’s primary focus will remain on expanding its client base in new and existing verticals. We believe the firm will remain active in evaluating acquisitions that further enhance its product/service capabilities.”
Reiterating a “sector outperform” rating for the Montreal-based tech firm, Mr. Steep raised his target to $101 from $97, The average on the Street is $90.