BUZZ-Paysafe set to snap losing run as markets bet on December interest rate cut

Reuters11-22

** Shares of payments platform Paysafe PSFE.N rise about 12.1% to about $7.22 in afternoon trading

** Wall Street's main indexes gained on Friday as traders boosted bets on an interest rate cut by the Federal Reserve next month following remarks from policymakers

** PSFE on track to gain for the first time in almost a week, if trends hold

** PSFE reduced the midpoints of the FY25 revenue outlook by 1% and adj. EBITDA by 9% in its third-quarter results earlier this month

** One of seven brokerages rates the stock "strong buy", five "hold" and one "sell"; median PT $9.50 — data compiled by LSEG

** Including session moves, PSFE stock down ~57.8% YTD

(Reporting by Anuj T in Bengaluru)

((anuj.t@thomsonreuters.com))

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