Paymentus price target raised to $36 from $32 at Wedbush

Wedbush analyst Daniel Ives raised the firm’s price target on Paymentus (PAY) to $36 from $32 and keeps an Outperform rating on the shares. The firm notes Paymentus delivered Q1 results featuring beats across the board, while raising its FY26 guidance 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.