Paymentus (PAY) Soars +8.0% on Raymond James Upgrade

Paymentus (PAY) jumped 7.8% to $30.62 on Monday after Raymond James upgraded the stock to Outperform with a price target of $37.

• The firm cited improving fundamentals and room for margin expansion as key reasons for the upgrade.
• Monday’s gain added over $2 to the share price, marking one of the stock’s strongest single-day moves in months.
• Despite the surge, PAY remains down roughly 5–7% year to date, lagging broader tech and fintech peers.

The upgrade could mark a shift in sentiment for the digital billing platform, which had underperformed for much of 2025.