Citigroup Downgrades Paymentus Holdings to Neutral, Raises Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ashwin Shirvaikar has downgraded Paymentus Holdings (NYSE:PAY) from Buy to Neutral, while raising the price target from $14 to $17.

October 05, 2023 | 10:35 am
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NEUTRAL IMPACT
Paymentus Holdings has been downgraded to Neutral from Buy by Citigroup, but the price target has been raised to $17.
The downgrade from Buy to Neutral suggests that Citigroup sees limited upside potential for Paymentus Holdings in the short term. However, the raised price target indicates that the analyst still sees some potential for the stock's price to increase, albeit at a slower pace. This could lead to a neutral impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100