Repay Holdings Corporation (RPAY) Focused on Market Expansion and Enhancing Technology Offerings

Repay Holdings Corp (NASDAQ:RPAY) is one of the best multibagger penny stocks to buy right now. Repay Holdings (RPAY) holds a Moderate Buy rating, with a $7 average target (range $4–$12), implying ~106% upside from the current price.

Repay Holdings Corporation (RPAY) Focused on Market Expansion and Enhancing Technology Offerings

On November 20 at the Stephens Annual Investment Conference, the company reiterated its focus on expanding its market presence and enhancing its technology offerings. The remarks come as the company continues to move from negative growth and margin pressures.

In a bid to accelerate growth, Repay Holdings is increasingly investing in technology and sales development to drive future growth. It’s also accelerating its focus on business-to-business payments and consumer engagement through innovative solutions. The push is part of an effort to bolster EBITDA margins and achieve free cash flow of over 50%.

“During the third quarter, REPAY achieved solid normalized growth with strong Adjusted EBITDA margins and robust Free Cash Flow generation. We opportunistically deployed capital towards our organic growth initiatives, repurchased shares, and retired a significant portion of convertible notes,” said John Morris, Chief Executive Officer of REPAY.

Some of the drivers expected to accelerate growth include digital transformation in payments and the business back office. In addition, the company has set its sights on capitalizing on market opportunities in the $5.6 trillion market, with a focus on non-discretionary transactions.

Repay Holdings Corporation (NASDAQ:RPAY) is a payment technology company offering integrated solutions for businesses to accept and send electronic payments, serving sectors like personal loans, auto finance, and B2B, through its Consumer and Business Payments segments.

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Disclosure: None. This article is originally published at Insider Monkey.