Buy Rating on PicS N.V. Class A Driven by Profitable Expansion in Brazil’s Digital Finance and Healthier Credit Mix
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HSBC analyst Neha Agarwala has initiated a Buy rating on PicS N.V. Class A (PICS), citing its strong earnings outlook and growth in Brazil's digital finance sector. The company has transitioned to a full-service platform with over 60 million users and is improving profitability through effective cost control and a healthier credit mix. Agarwala's target price of USD 21 suggests significant upside potential, despite acknowledging risks in the fintech market.
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