Baird Downgrades Paymentus Holdings to Neutral, Raises Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Baird analyst David Koning has downgraded Paymentus Holdings (NYSE:PAY) from Outperform to Neutral, while raising the price target from $16 to $18.
September 18, 2023 | 10:11 am
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NEUTRAL IMPACT
Paymentus Holdings has been downgraded to Neutral from Outperform by Baird, but the price target has been raised from $16 to $18.
The downgrade to Neutral suggests that Baird sees limited upside potential for Paymentus Holdings in the near term. However, the raised price target indicates that Baird still sees some value in the stock. This could lead to a neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100