Repay Holdings price target lowered to $9 from $10 at DA Davidson

DA Davidson lowered the firm’s price target on Repay Holdings (RPAY) to $9 from $10 and keeps a Buy rating on the shares. The company reported mixed Q3 results, with revenue just above its forecast but adjusted EBITDA slightly below, while the management also trimmed their prior financial commentary for FY25, the analyst tells investors in a research note. The firm continues to expect more attractive growth in 2026 however due to the anniversary of the three customer losses and the benefit from higher political media spend, DA Davidson added.