DA Davidson analyst Peter Heckmann raised the firm’s price target on Paysign (PAYS) to $8 from $7 and keeps a Buy rating on the shares. Last week, Paysign announced the company had been awarded 132 established plasma donation centers through an expansion of a relationship with a major plasma collection company, and the firm believes this will increase the company’s total plasma locations to 613 centers, a 27% increase over the 484 locations served at the end of Q1, the analyst tells investors in a research note.
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Read More on PAYS:
- PaySign’s Strong Growth Potential and Strategic Positioning in Healthcare: A Buy Rating by Gary Prestopino
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- PaySign’s Strong Growth Potential and Strategic Positioning Earns Buy Rating from Analyst
- Paysign awarded 132 plasma donation centers
- Paysign price target raised to $6-$7 range from $5 at Barrington