Paymentus Holdings, Inc. (PAY) recently reported strong fourth-quarter results, with revenue increasing 56.5% year-over-year to $257.9 million, surpassing expectations. Adjusted EPS of $0.13 also exceeded the consensus estimate of $0.12. The company provided a positive outlook for Q1 and FY25, anticipating strong growth.
The stock closed at $27.29, near the lower Fibonacci range. Recent gains of 19.8% after earnings suggest positive momentum, but technical indicators are mixed.
The stock may consolidate or pull back after recent gains. It could test the $25.36 support level. If it holds, a bounce is possible; otherwise, it may trend lower.
Predicted Price: $25.36
Recommendation: Sell
The price of PAY is predicted to go up 3.94%, based on the high correlation periods with BLBX. The similarity of these two price pattern on the periods is 90.32%.
PAY
BLBX
Year
PAY Price Forecast($)
Potential Return(%)
2025
30.250
-0.260
2026
45.000
64.230
2027
45.000
64.230
2028
45.000
64.230
2029
75.000
173.720
2030
45.000
64.230
Baird
2025-03-13
Price Target
$40 → $36
Upside
+23.2%
Wells Fargo
2024-11-13
Price Target
$21 → $27
Downside
-20.12%
Baird
2024-11-13
Price Target
$25 → $36
Upside
+6.51%