Maxim Group analyst Michael Diana reiterated a Buy rating on PaySign yesterday and set a price target of $8.50.
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Michael Diana has given his Buy rating due to a combination of factors highlighting PaySign’s strong financial performance and growth potential. The company reported impressive third-quarter results, surpassing market expectations in revenue, adjusted EBITDA, and earnings per share. This was largely driven by the addition of new plasma centers and an increase in pharma patient affordability programs, which offer higher gross margins.
Furthermore, PaySign’s management has raised its 2025 guidance, indicating confidence in continued revenue and EBITDA growth. The company’s solid balance sheet, characterized by no debt and positive cash flow, reduces the need for additional capital, enhancing its financial stability. Additionally, the valuation metrics suggest a favorable outlook, with the company’s revenue growth rate significantly outpacing that of larger competitors, supporting the maintained price target of $8.50, which implies a substantial potential return.
Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Nicolet Bankshares, and SWK Holdings. According to TipRanks, Diana has an average return of 0.0% and a 50.80% success rate on recommended stocks.
In another report released on November 14, D.A. Davidson also maintained a Buy rating on the stock with a $9.00 price target.