Paymentus Offers Clear Path to Capitalize in Coming Quarters, Wedbush Says
MT Newswires Live
Nov 05
Paymentus' (PAY) strong Q3 results and raised guidance show that the company has a clear path to capitalize over the coming
quarters, Wedbush said in a note Tuesday.
"The company continues capitalizing on the growing bill payment digitization market with greater transaction activity across new and existing customers within several verticals," the note said.
The report also pointed to increased FY25 guidance as the firm gains further traction across enterprise and mid-market clients with a significant backlog, providing greater visibility into FY26.
Wedbush kept its outperform rating and $40 price target.
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