Repay Holdings price target lowered to $10 from $12 at DA Davidson

DA Davidson analyst Peter Heckmann lowered the firm’s price target on Repay Holdings (RPAY) to $10 from $12 and keeps a Buy rating on the shares. The company reported Q2 results with revenue and adjusted EBITDA “nicely above” the firm’s forecasts, the analyst tells investors in a research note. The firm adds however that while it is raising its FY25 revenue view to $305M from $295M, its EBITDA view is going up to $129.5M from $127.9M.