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PagSeguro Digital Ltd. (NYSE:PAGS) received an upgraded rating from Neutral to Outperform and a raised price target from $7.50 to $13 by Grupo Santander analyst Henrique Navarro. The upgrade comes ahead of the company's fiscal second quarter of 2025 earnings call, where revenue grew 12.6% YoY to R$4.85 billion and net income grew 8.9% to R$525 million. The growth was driven by higher TPV and increasing contribution from its banking segment.

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