Paymentus (PAY) Surges 5.8%: Is This an Indication of Further Gains?

Paymentus (PAY) shares ended the last trading session 5.8% higher at $30.05. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 13.1% loss over the past four weeks.Paymentus stock witnessed a price rise following a rating upgrade from Market Perform to Outperform by Raymond James, along with assigning a price target of$ 37.00. Besides, the company possesses strong competitive advantages rooted in its scalable, cloud-n ...