Paysign Inc. (PAYS) PT Raised to $6 at DA Davidson

DA Davidson analyst Peter Heckmann raised the price target on Paysign Inc. (NASDAQ: PAYS) to $6.00 (from $5.00) while maintaining a Buy rating.

The analyst comments "Last week, Paysign reported impressive 1Q results, including 41% Y/Y growth in total revenue and 193% Y/Y growth in adjusted EBITDA. With 1Q results, management raised the midpoints of their prior guidance ranges for total revenue and adjusted EBITDA by 5% and 27%, respectively. Following the update, we have materially raised our forecasts for 2025 and 2026. We are maintaining our BUY rating on Paysign and raising our price target to $6 (from $5)."

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