Paychex (PAYX) Stock Price Target 2026

The average analyst price target for Paychex is $120.52, 3.3% above the current price. Of 15 analysts, 1 rates it Buy, 11 Hold and 3 Sell. Targets range from $95 to $156. The latest change came on Sep 28, 2026, when Baird lowered its price target on Paychex from $125 to $110 and kept a Neutral rating.

The Average Analyst Price Target for Paychex is $120.52.

Price Target Range — 12 Quarters

Analyst Consensus — 15 Analysts

1Buy

11Hold

3Sell

Consensus RatingHold# Analysts15Avg. Consensus PT$120.52Upside to Avg. PT+3.3%

Rating Trend — Last 9 Months

Latest Upgrades and Downgrades for Paychex Stock

See all ratings →

Date	Firm	Analyst	Action	Rating Change	Price Target
Sep 28, 2026	Baird	Mark Marcon	PT Cut	Neutral	$125→$110
Sep 28, 2026	Cantor Fitzgerald	Ramsey El-Assal	PT Cut	Underweight	$112→$96
Sep 24, 2026	UBS	Kevin Mcveigh	PT Cut	Neutral	$125→$115
Sep 24, 2026	BMO Capital	Daniel Jester	PT Cut	Market Perform	$118→$113
Sep 24, 2026	Stifel	David Grossman	PT Cut	Hold	$130→$112
Sep 24, 2026	RBC Capital	Ashish Sabadra	Maintained	Sector Perform	$130
Sep 24, 2026	JP Morgan	Tien-Tsin Huang	Upgrade	Underweight→Neutral	$105→$115
Sep 16, 2026	Wolfe Research	Darrin Peller	Upgrade	Underperform→Peer Perform	—
Sep 11, 2026	TD Cowen	Jared Levine	PT Raise	Hold	$98→$117
Sep 9, 2026	Stifel	David Grossman	PT Raise	Hold	$110→$130
Sep 9, 2026	Wells Fargo	Jason Kupferberg	PT Raise	Underweight	$95→$111
Aug 13, 2026	Jefferies	Samad Samana	PT Raise	Hold	$105→$120
Jul 30, 2026	Citigroup	Bryan Keane	PT Raise	Buy	$140→$150
Jul 22, 2026	UBS	Kevin Mcveigh	PT Raise	Neutral	$105→$115
Jul 20, 2026	Cantor Fitzgerald	Ramsey El-Assal	PT Raise	Underweight	$90→$107
Jun 30, 2026	Morgan Stanley	James Faucette	PT Raise	Equal-Weight	$107→$109
Jun 25, 2026	UBS	Kevin Mcveigh	PT Cut	Neutral	$100→$98
Jun 25, 2026	JP Morgan	Tien-Tsin Huang	PT Raise	Underweight	$100→$105
Jun 17, 2026	Stifel	David Grossman	PT Raise	Hold	$105→$110
Jun 15, 2026	Citigroup	Bryan Keane	Upgrade	Neutral→Buy	$99→$140