EML Bulls Remain Confident in Medium-Term Trajectory -- Market Talk

Dow Jones04-14

0423 GMT - EML Payments keeps its bulls at Canaccord Genuity despite the cut to its annual earnings guidance. Canaccord's analysts point out that the customer delays and macroeconomic conditions that drove the Australian company to moderate its outlook are beyond its control. They tell clients in a note that EML's track record of growing its pipeline since fiscal 2024 give them confidence in its medium-term trajectory. They say it has shown it can covert opportunities into contract wins and revenue, and this should continue with both existing and new products. Canaccord lowers its target price 8.6% to A$1.65 but keeps a buy rating on the stock, which is up 4.7% at A$0.3875. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

April 14, 2026 00:23 ET (04:23 GMT)

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