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Paymentus (PAY) Stock Forecast & Price Target

$20.15
+0.70 (+3.60%)
(As of 07/15/2024 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

Consensus Price Target

$19.06
-5.40% Downside
High Forecast$23.00
Average Forecast$19.06
Low Forecast$11.00
TypeCurrent Forecast
7/17/23 to 7/16/24
1 Month Ago
6/17/23 to 6/16/24
3 Months Ago
4/18/23 to 4/17/24
1 Year Ago
7/17/22 to 7/17/23
Consensus Rating
Moderate Buy
Hold
Hold
Hold
Strong Buy
2 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
3 Buy rating(s)
Hold
6 Hold rating(s)
7 Hold rating(s)
8 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$19.06$19.06$17.81$11.06
Forecasted Upside-5.40% Downside4.10% Upside1.76% Upside24.92% 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.
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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.
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Paymentus Stock vs. The Competition

TypePaymentusBusiness Services CompaniesS&P 500
Consensus Rating Score
2.60
2.64
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside-5.21% Downside139.58% Upside9.15% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/10/2024Baird R W
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D. Koning
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UpgradeHold ➝ Strong-Buy
7/10/2024Robert W. Baird
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 UpgradeNeutral ➝ Outperform$23.00 ➝ $23.00+24.46%
7/8/2024Canaccord Genuity Group
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J. Vafi
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UpgradeStrong-Buy
5/7/2024Citigroup
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 Boost TargetNeutral ➝ Neutral$20.00 ➝ $22.00+18.98%
5/7/2024Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$19.00 ➝ $21.00+14.07%
4/15/2024The Goldman Sachs Group
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 Boost TargetNeutral ➝ Neutral$20.00 ➝ $22.50+14.10%
3/14/2024Raymond James
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 DowngradeOutperform ➝ Market Perform
3/6/2024JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$17.00 ➝ $19.00-3.31%
11/7/2023Wedbush
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 Boost TargetNeutral ➝ Neutral$11.00 ➝ $16.00+6.03%
4/20/2023Wolfe Research
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 DowngradeOutperform ➝ Peer Perform
9/26/2022Sumitomo Mitsui Financial Group
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 DowngradeOutperform ➝ 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 Tuesday at 01:30 AM 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 $19.06, with a high forecast of $23.00 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 7.00% 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, Citigroup, Robert W. Baird, and Wells Fargo & Company 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 2.64. Learn more on how PAY compares to other companies.


This page (NYSE:PAY) was last updated on 7/16/2024 by MarketBeat.com Staff

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