Paysign Inc. (PAYS) PT Raised to $9 at DA Davidson

DA Davidson analyst Peter Heckmann raised the price target on Paysign Inc. (NASDAQ: PAYS) to $9.00 (from $8.00) while maintaining a Buy rating.

The analyst comments "Paysign reported impressive 2Q results, including 33% Y/Y growth in total revenue and 102% Y/Y growth in adjusted EBITDA. With 2Q results, management raised the midpoints of their prior 2025 guidance ranges for total revenue and adjusted EBITDA by 6% and 15%, respectively. Updated guidance includes 31%-35% Y/Y growth in total revenue and 87%-108% Y/Y growth in adjusted EBITDA. Following the update, we have raised our forecasts for 2025 to 2027. We are maintaining our BUY rating on Paysign and raising our price target to $9 (from $8).."

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