Goldman Sachs analyst Will Nance downgraded Paymentus to Sell from Neutral with a $7.50 price target. The analyst sees inflationary impacts on transaction margins and the potential for further implementation delays driving sales risk in 2023. In addition, Nance sees little prospect of upside to EBITDA estimates as he believes the company will already be pulling levers on spending to offset topline pressures.
Published first on TheFly
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