PicS N.V. (NASDAQ:PICS) is one of the best 11 small-cap software infrastructure stocks to buy now.
On June 3, Wolfe Research reduced its target price on PicS N.V. (NASDAQ:PICS) from $16 to $15, which still results in more than 41% upside potential at the prevailing level
The firm upheld its Outperform rating on the stock. welcomia/ Wolfe Research noted that despite the company reporting earnings that exceeded broader estimates, shares traded flat after hours due to low volume. The firm highlighted that topline upside for the company is not linked to its core operations. Rather, it is associated with the impact of hedge accounting and derivatives.
Later on June 22, PicS N.V. (NASDAQ:PICS) responded to recent press reports concerning an inquiry in Brazil’s Federal District, around suspected amounts that had been unlawfully deducted from paychecks, impacting some public officials. The company mentioned that the product in question allowed employees to gain access to their wages that had been earned but not yet collected. The company emphasized that this particular product was neither a conventional credit offering nor a salary-based loan.