Paymentus price target lowered to $32 from $40 at Wedbush

Wedbush lowered the firm’s price target on Paymentus (PAY) to $32 from $40 reflecting a lower multiple, while keeping an Outperform rating on the shares. The firm notes the company delivered Q4 results which were another strong quarter of beats, while providing conservative FY26 metrics across the board as the company continues capitalizing on the growing bill payment digitization market with greater transaction activity across a large diverse customer base despite seeing greater discomfort across the fintech landscape.