01:10 PM EST, 03/06/2024 (MT Newswires) -- Nuvei's ( NVEI ) Q4 results beat both RBC and Street estimates, with volume surprising to the upside of RBC/Street expectations by ~6%.

RBC highlights that the global commerce channel, which represented 56% of 4Q23 revenue, grew ~12% y/y pro forma, as the company continues to execute on its upmarket movement and expanding within customers.

Also, solid FY24 guidance came in in line to above prior estimates.

Maintain Outperform, US$29 target.

Price: 32.35, Change: -1.98, Percent Change: -5.77