Paymentus Holdings, Inc. (PAY) experienced a significant pre-market surge of 8.32% on Tuesday, driven by positive analyst actions.

The stock's upward movement comes after Wedbush analyst Daniel Ives raised the firm's price target on Paymentus to $36 from $32 while maintaining an Outperform rating. Additionally, Baird also increased its price target on the company to $34 from $30, keeping an Outperform rating on the shares.

These analyst upgrades reflect growing confidence in Paymentus's business prospects and have contributed to the bullish sentiment among investors during the pre-market session.