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Paychex

PAYXNASDAQ
Logo brought to you by Benzinga Data
$132.50
-2.43-1.80%
At Close: -
$132.50
00.00%
After Hours: 6:16 PM EDT
15 minutes delayed
Q1 2025 Earnings in 13 days from now on Tue Oct 1st, before the market open
Consensus Rating1
Neutral
Highest Price Target1
$138.00
Lowest Price Target1
$106.00
Consensus Price Target1
$122.79

Paychex (NASDAQ:PAYX) Stock, Analyst Ratings, Price Targets, Forecasts

Paychex Inc has a consensus price target of $122.79 based on the ratings of 19 analysts. The high is $138 issued by Credit Suisse on September 29, 2022. The low is $106 issued by Barclays on July 3, 2023. The 3 most-recent analyst ratings were released by TD Cowen, JP Morgan, and Barclays on September 12, 2024, August 20, 2024, and July 1, 2024, respectively. With an average price target of $124 between TD Cowen, JP Morgan, and Barclays, there's an implied -6.42% downside for Paychex Inc from these most-recent analyst ratings.

Analyst Trends and Forecast
0
0
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0
May
2
1
Jun
1
Jul
1
Aug
0
0
0
0
Sep
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
2.2
Sell
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

TD Cowen
JP Morgan
Barclays
Morgan Stanley
RBC Capital

1calculated from analyst ratings

Analyst Ratings for Paychex

Data brought to you by Benzinga APIs

FAQ

Q

What is the target price for Paychex (PAYX) stock?

A

The latest price target for Paychex (NASDAQ:PAYX) was reported by TD Cowen on September 12, 2024. The analyst firm set a price target for $126.00 expecting PAYX to fall to within 12 months (a possible -4.91% downside). 26 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Paychex (PAYX)?

A

The latest analyst rating for Paychex (NASDAQ:PAYX) was provided by TD Cowen, and Paychex maintained their hold rating.

Q

When was the last upgrade for Paychex (PAYX)?

A

The last upgrade for Paychex Inc happened on December 14, 2023 when Barclays raised their price target to N/A. Barclays previously had an underweight for Paychex Inc.

Q

When was the last downgrade for Paychex (PAYX)?

A

The last downgrade for Paychex Inc happened on December 22, 2023 when TD Cowen changed their price target from $132 to $123 for Paychex Inc.

Q

When is the next analyst rating going to be posted or updated for Paychex (PAYX)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Paychex, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Paychex was filed on September 12, 2024 so you should expect the next rating to be made available sometime around September 12, 2025.

Q

Is the Analyst Rating Paychex (PAYX) correct?

A

While ratings are subjective and will change, the latest Paychex (PAYX) rating was a maintained with a price target of $121.00 to $126.00. The current price Paychex (PAYX) is trading at is $132.50, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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