Top Wall Street Forecasters Revamp Paymentus Price Expectations Ahead Of Q4 Earnings

Core Insights - Paymentus Holdings, Inc. is set to release its fourth-quarter financial results on March 10, with expected earnings of 12 cents per share, an increase from 9 cents per share year-over-year [1] - The company projects quarterly revenue of $222.06 million, up from$164.8 million in the same period last year [1] Financial Performance - On November 12, 2024, Paymentus reported better-than-expected third-quarter results and provided FY24 revenue guidance above estimates [2] - Following the report, Paymentus shares experienced a slight decline of 0.2%, closing at $25.95 [2] Analyst Ratings - Wells Fargo analyst Andrew Bauch maintained an Equal-Weight rating and raised the price target from$27 to $33 [3] - Baird analyst David Koning kept an Outperform rating and increased the price target from$25 to $36 [3] - JP Morgan analyst Tien-Tsin Huang maintained a Neutral rating and raised the price target from$21 to $26 [3]