Paymentus (PAY) Stock Forecast & Price Target

$21.58

+0.23 (+1.08%)

(As of 09/16/2024 ET)

Paymentus - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 10 Analyst Ratings

Based on 10 Wall Street analysts who have issued ratings for Paymentus in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 10 analysts, 6 have given a hold rating, 2 have given a buy rating, and 2 have given a strong buy rating for PAY.

Consensus Price Target

$20.19
-6.45% Downside

High Forecast	$26.00
Average Forecast	$20.19
Low Forecast	$11.00

According to the 10 analysts' twelve-month price targets for Paymentus, the average price target is $20.19. The highest price target for PAY is $26.00, while the lowest price target for PAY is $11.00. The average price target represents a forecasted downside of -6.45% from the current price of $21.58.

Type	Current Forecast 9/17/23 to 9/16/24	1 Month Ago 8/18/23 to 8/17/24	3 Months Ago 6/19/23 to 6/18/24	1 Year Ago 9/17/22 to 9/17/23
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Hold
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	1 Buy rating(s)	3 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	7 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$20.19	$19.31	$19.06	$12.50
Forecasted Upside	-6.45% Downside	3.54% Upside	4.10% Upside	8.11% Upside

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PAY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PAY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Paymentus Stock vs. The Competition

Type	Paymentus	Business Services Companies	S&P 500
Consensus Rating Score	2.60	2.66	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-6.45% Downside	254.91% Upside	7.93% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/20/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Neutral ➝ Neutral	$21.00 ➝ $26.00	+12.90%
8/15/2024	Robert W. Baird 2 of 5 stars		Boost Target	Outperform ➝ Outperform	$23.00 ➝ $24.00	+7.05%
8/9/2024	The Goldman Sachs Group 2 of 5 stars		Boost Target	Neutral ➝ Neutral	$21.00 ➝ $23.50	+6.58%
7/10/2024	Baird R W Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Koning Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
7/8/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Vafi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
5/7/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$20.00 ➝ $22.00	+18.98%
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5/7/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$19.00 ➝ $21.00	+14.07%
3/14/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
11/7/2023	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$11.00 ➝ $16.00	+6.03%
4/20/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Peer Perform
9/26/2022	Sumitomo Mitsui Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$23.00 ➝ $13.00	+34.30%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 08:22 PM ET.

PAY Forecast - Frequently Asked Questions

What is Paymentus' forecast for 2024?: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Paymentus is $20.19, with a high forecast of $26.00 and a low forecast of $11.00.
Should I buy or sell Paymentus stock right now?: 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paymentus in the last twelve months. There are currently 6 hold ratings, 2 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PAY shares.
Does Paymentus's stock price have much upside?: According to analysts, Paymentus's stock has a predicted upside of 5.68% based on their 12-month stock forecasts.
Has Paymentus been upgraded by Wall Street analysts recently?: Over the previous 90 days, Paymentus's stock had 3 upgrades by analysts.
What analysts cover Paymentus?: Paymentus has been rated by research analysts at Baird R W, Canaccord Genuity Group, JPMorgan Chase & Co., Robert W. Baird, and The Goldman Sachs Group in the past 90 days.
Do Wall Street analysts like Paymentus more than its competitors?: Analysts like Paymentus less than other "business services" companies. The consensus rating score for Paymentus is 2.60 while the average consensus rating score for "business services" companies is 2.66. Learn more on how PAY compares to other companies.