Pitney Bowes Faces Valuation Questions Amidst TaxBandits Partnership

Pitney Bowes' partnership with TaxBandits highlights its mail technology and security capabilities. The company's share price has declined recently, but its 1-year total shareholder return suggests earlier momentum. With a 26% discount to analyst price target of $13, investors are reassessing the value of Pitney Bowes. The most followed narrative pegs fair value at $13, citing accelerating growth in the SaaS shipping segment and potential for increased recurring revenues. However, investors must weigh the risks of shrinking mail revenues and high debt costs.