Goldman Bets Big on Paymentus’ Relation With PayPal, JPMorgan

Goldman Bets Big on Paymentus’ Relation With PayPal, JPMorgan
The logo of Goldman Sachs is displayed in their office located in Sydney, Australia, on May 18, 2016. David Gray/Reuters
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Goldman Sachs analyst Will Nance initiated coverage on Paymentus Holdings Inc. with a Buy rating and $41 price target, representing 44 percent upside.

The analyst believes the market is overly pessimistic on its ability to see accelerating revenue momentum given its recent messaging around revenue visibility.