Paymentus price target raised to $40 from $38 at Wedbush

Wedbush analyst Daniel Ives raised the firm’s price target on Paymentus (PAY) to $40 from $38 and keeps an Outperform rating on the shares. The firm notes Paymentus Holdings delivered its Q1 results featuring beats across the board, while raising its FY25 outlook across the board as the company looks to capitalize on elevated demand across new and existing client within an important part of essential discretionary domestic spend despite the macro chaos.