DA Davidson analyst Peter Heckmann raised the firm’s price target on Paysign (PAYS) to $6 from $5 and keeps a Buy rating on the shares. The company reported impressive Q1 results, including 41% Y/Y growth in total revenue and 193% Y/Y growth in adjusted EBITDA, the analyst tells investors in a research note. The management also raised the midpoints of their prior guidance ranges for total revenue and adjusted EBITDA by 5% and 27%, respectively, the firm added.
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