DA Davidson Reiterates Buy Rating on Paysign Inc. (PAYS)

DA Davidson analyst Peter Heckmann reiterated a Buy rating and $9.00 price target on Paysign Inc. (NASDAQ: PAYS).

The analyst commented, "Paysign reported strong 3Q results, with 42% Y/Y revenue growth and 78% Y/Y growth in adjusted EBITDA (7% and 10% above our forecasts, respectively). With 3Q results, management raised the midpoints of their prior guidance ranges for total revenue and adjusted EBITDA by 5% and 3%, respectively. We are maintaining our BUY rating on Paysign and our $9 price target."

For an analyst ratings summary and ratings history on Paysign Inc. click here. For more ratings news on Paysign Inc. click here.

Shares of Paysign Inc. closed at $5.47 yesterday.

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