Repay Holdings price target raised to $9.50 from $7.50 at UBS

UBS raised the firm’s price target on Repay Holdings to $9.50 from $7.50 and keeps a Neutral rating on the shares. Repay delivered another quarter of strength in take rate, with a Q4 revenue beat of about 8% despite a total card payment volume miss of 7%, with management noting CPV guidance or disclosure will no longer be provided given non-card volume based VAS are now contributing over 20% of revenue, the firm said in a research note on Friday.