Wall Street Analysts See Upside Potential for 5 Stocks with Rising Price Targets

01. Repay Holdings Corporation (NASDAQ:RPAY)

Upside Potential: 33%

As of January 16, Barclays analyst Ramsey El-Assal has made significant adjustments to the outlook for Repay Holdings Corporation (NASDAQ:RPAY), a player in the financial technology industry. El-Assal has increased the price target on Repay Holdings Corporation (NASDAQ:RPAY) from $9.00 to $10.00, indicating a noteworthy upside potential of 33%. Importantly, Barclays maintains an “Overweight” rating for the company. The decision to raise the price target to $10.00 signifies Barclays’ optimistic outlook on Repay Holdings Corporation (NASDAQ:RPAY) future market performance. This adjustment suggests Barclays’ confidence in the company’s potential for substantial appreciation in stock value, considering factors such as anticipated improvements in financial metrics, strategic initiatives, or positive trends within the financial technology sector. The “Overweight” rating emphasizes Barclays’ endorsement of Repay Holdings Corporation (NASDAQ:RPAY) as an attractive investment opportunity within the financial technology industry. This rating implies that Barclays believes Repay is well-positioned to outperform its industry peers, and investors should consider it favorably within the competitive landscape of financial technology.

Baron Small Cap Fund made the following comment about Repay Holdings Corporation (NASDAQ:RPAY) in its first quarter 2023 investor letter:

“Shares of payment processing solutions provider Repay Holdings Corporation (NASDAQ:RPAY) fell this quarter. Although the company reported strong fourth quarter results with 17% organic gross profit growth and 29% EBITDA growth, its 2023 financial guidance missed Street expectations. We believe Repay’s weaker outlook reflects macroeconomic uncertainty, the divestiture of a non-core business, tough comparisons in the B2B segment due to biennial political ad spending at its media clients, and, perhaps, some conservatism on the company’s part. We are disappointed that growth has slowed in the core consumer segment but are hopeful that results will return to mid-teens growth. We think the shares are silly cheap, at less than seven times depressed EBITDA, for a well-managed business with unique offerings and a scalable operating platform.”

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also look at the 17 High Growth Non-Tech Stocks That Are Profitable and the 16 Most Profitable Small-Cap Stocks Now.