- Goldman Sachs analyst Will Nance initiated coverage on Paymentus Holdings Inc PAY with a Buy rating and $41 price target, representing 44% upside.
- The analyst believes the market is overly pessimistic on its ability to see accelerating revenue momentum given its recent messaging around revenue visibility.
- Further, Paymentus's partnerships with PayPal Holdings Inc PYPL and JPMorgan Chase & Co JPM, as well as recent large client wins, should drive upside to revenue estimates and lead to higher EBITDA margins, Nance tells investors in a research note.
- Paymentus is a provider of cloud-based bill payment technology and solutions.
- Price Action: PAY shares traded higher by 4.16% at $28.40 on the last check Friday.
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