Paymentus Faces Higher Transaction Activity Amid Rising Bill Payment Digitization, Wedbush Says
Paymentus (PAY) continues to capitalize on the increasing digitization of bill payments, with higher transaction activity reflecting the durability of its business model and a strong backlog of opportunities for the rest of the year, Wedbush Securities said in a note Tuesday.After the Q1 beat, the company raised its full year 2026 revenue guidance to $1.43 billion to $1.44 billion, ahead of the Street's $1.40 billion estimate, as it looks to execute against its robust backlog of diversified, large enterprises, according to the note.Contribution profit is expected to range $450 million to $457 million, up from the prior forecast of $442 million to $452 million and adjusted earnings before interest, taxes, depreciation, and amortization are projected to be $165 million to $172 million, above the Street's $163.4 million estimate, the brokerage said.Wedbush said it remains positive on Paymentus' differentiated cloud-based platform position and sees potential for the company to expand its market share.Wedbush maintained an outperform rating on Paymentus and raised the price target to $36 from $32.Price: $28.16, Change: $-0.46, Percent Change: -1.61%
