Goldman Sachs analyst Will Nance initiated coverage on Paymentus Holdings Inc. with a Buy rating and $41 price target, representing 44 percent upside.
The analyst believes the market is overly pessimistic on its ability to see accelerating revenue momentum given its recent messaging around revenue visibility.
Further, Paymentus’s partnerships with PayPal Holdings Inc. and JPMorgan Chase & Co., as well as recent large client wins, should drive upside to revenue estimates and lead to higher EBITDA margins, Nance tells investors in a research note.
Paymentus is a provider of cloud-based bill payment technology and solutions.
By Anusuya Lahiri
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