Repay Holdings price target raised to $12 from $10 at Truist

Truist analyst Andrew Jeffrey raised the firm’s price target on Repay Holdings to $12 from $10 and keeps a Buy rating on the shares. The company’s 20% EBITDA multiple discount to Legacy FinTechs will shrink as Repay delivers organic revenue growth upside at scale, the analyst tells investors in a research note. Truist further contends that Repay’s guidance is conservative and that the management will temper macro caution.