New Street Research - PagSeguro Digital Ltd (PAGS) PAGS US (BUY, TP: $15, +8%) Q2 24 - Quick Take: Nice beat and (smaller than expected) raise

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New Street Research

Soomit Datta

EUR 9599.00 For Business Accounts Only

PAGS US (BUY, TP: $15, +8%) Q2 24 - Quick Take: Nice beat and (smaller than expected) raise

PagSeguro Q2s were again ahead at TPV (10%) and revenue (5%) which flowed through to net income (+4%).

21/08/2024 1 EN

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PagSeguro Digital Ltd

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KYG687071012 New York Stock Exchange Cayman Islands

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
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Pan European Healthcare
Global healthcare thematic research

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Pan European Telecom Services and Cable

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Analysts

Soomit Datta

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PAGS US (BUY, TP: $15, +8%) Q2 24 - Quick Take: Nice beat and (smaller than expected) raise

LatAm Fintech into Q2s: FX, rates and Mexico in focus: MELI/NU/DLO/PAGS/STNE

PagSeguro (Buy, TP: $18, +40%) - Strong Q1s across the board; Expect guide lift at Q2s

Alphabet (GOOGL, Buy, $213 target) Forget Chrome, 3P payments are the heart of the issue

SATS: DBS merger breaks

3Q24 Broadband Trends: FWA capacity limits; FWA demand limits

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