PagSeguro Digital is reiterated as a Strong Buy, driven by robust growth potential, double-digit shareholder returns, and deep undervaluation. PAGS delivered 16% YoY revenue growth, 51% banking segment growth and returned 87.5% of net income to shareholders, yielding ~15% based on last year's prices. Management guides for 25–35% credit portfolio growth in 2026, with EPS CAGR of over 16% through 2029, despite macro uncertainty.