UPDATE: Truist Securities Starts Paya Holdings (PAYA) at Buy

June 28, 2021 6:09 AM EDT
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Price: $10.57 +1.73%

Rating Summary:
    8 Buy, 1 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 17 | Down: 5 | New: 36
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(Updated - June 28, 2021 7:11 AM EDT)

Truist Securities analyst Andrew Jeffrey initiates coverage on Paya Holdings (NASDAQ: PAYA) with a Buy rating and a price target of $15.00.

The analyst comments "We see Paya fitting our digital adjacent FinTech growth thesis. The co is a leading tech-enabled vertical market merchant acquirer. As detailed in a recent industry report, we submit digital adjacent acquirers will take economic share from legacy processors by offering differentiated integrated software and payment solutions in a nearly $8t US ePayments TAM. We like Paya's vertical market offerings in B2B, healthcare, government, non-profit and education. We also note Paya has the largest B2B rev footprint of the digital adjacent names in our space. This will support above-avg l-t organic rev, EBITDA and FCF growth, in our view."

For an analyst ratings summary and ratings history on Paya Holdings click here. For more ratings news on Paya Holdings click here.

Shares of Paya Holdings closed at $10.41 yesterday.

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