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Paychex Analyst Ratings and Price Targets | NASDAQ:PAYX | Benzinga
Paychex Inc has a consensus price target of $135.79 based on the ratings of 19 analysts. The high is $165 issued by RBC Capital on June 3, 2025. The low is $106 issued by Barclays on July 3, 2023. The 3 most-recent analyst ratings were released by JP Morgan, RBC Capital, and Barclays on June 18, 2025, June 3, 2025, and March 31, 2025, respectively. With an average price target of $156 between JP Morgan, RBC Capital, and Barclays, there's an implied 12.23% upside for Paychex Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
JP Morgan
RBC Capital
Barclays
Morgan Stanley
Citigroup
1calculated from analyst ratings
Analyst Ratings for Paychex
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 06/18/2025 | Buy Now | 6.47% | JP Morgan | Tien-Tsin Huang62% | $140 → $148 | Maintains | Underweight | Get Alert |
| 06/03/2025 | Buy Now | 18.71% | RBC Capital | Ashish Sabadra74% | $148 → $165 | Maintains | Sector Perform | Get Alert |
| 03/31/2025 | Buy Now | 11.51% | Barclays | Ramsey El-Assal66% | $140 → $155 | Maintains | Equal-Weight | Get Alert |
| 03/27/2025 | Buy Now | 2.16% | Morgan Stanley | James Faucette65% | $137 → $142 | Maintains | Equal-Weight | Get Alert |
| 03/27/2025 | Buy Now | 13.67% | Citigroup | Peter Christiansen78% | $145 → $158 | Maintains | Neutral | Get Alert |
| 03/27/2025 | Buy Now | 12.23% | Stifel | Bryan Bergin61% | $141 → $156 | Maintains | Hold | Get Alert |
| 03/04/2025 | Buy Now | 11.51% | UBS | Kevin Mcveigh50% | $152 → $155 | Maintains | Neutral | Get Alert |
| 12/23/2024 | Buy Now | 0.72% | Barclays | Ramsey El-Assal66% | $135 → $140 | Maintains | Equal-Weight | Get Alert |
| 12/20/2024 | Buy Now | -1.44% | Morgan Stanley | James Faucette65% | $133 → $137 | Maintains | Equal-Weight | Get Alert |
| 12/20/2024 | Buy Now | 6.47% | RBC Capital | Ashish Sabadra74% | $148 → $148 | Reiterates | Sector Perform → Sector Perform | Get Alert |
| 12/03/2024 | Buy Now | 5.04% | TD Cowen | Bryan Bergin61% | $131 → $146 | Maintains | Hold | Get Alert |
| 12/03/2024 | Buy Now | 5.04% | Stifel | Bryan Bergin61% | $131 → $146 | Maintains | Hold | Get Alert |
| 11/19/2024 | Buy Now | — | JP Morgan | Tien-Tsin Huang62% | $133 → $139 | Maintains | Underweight | Get Alert |
| 10/07/2024 | Buy Now | -2.88% | Barclays | Ramsey El-Assal66% | $132 → $135 | Maintains | Equal-Weight | Get Alert |
| 10/02/2024 | Buy Now | 4.32% | Citigroup | Peter Christiansen78% | $145 → $145 | Reiterates | Neutral → Neutral | Get Alert |
| 10/02/2024 | Buy Now | -5.76% | TD Cowen | Bryan Bergin61% | $126 → $131 | Maintains | Hold | Get Alert |
| 10/02/2024 | Buy Now | 1.44% | Stifel | David Grossman72% | $130 → $141 | Maintains | Hold | Get Alert |
| 10/02/2024 | Buy Now | -6.47% | Jefferies | Samad Samana11% | $120 → $130 | Maintains | Hold | Get Alert |
| 10/02/2024 | Buy Now | 6.47% | RBC Capital | Ashish Sabadra74% | $130 → $148 | Maintains | Sector Perform | Get Alert |
| 10/02/2024 | Buy Now | 2.16% | UBS | Kevin Mcveigh50% | $125 → $142 | Maintains | Neutral | Get Alert |
| 10/02/2024 | Buy Now | -4.32% | Morgan Stanley | James Faucette65% | $122 → $133 | Maintains | Equal-Weight | Get Alert |
| 09/25/2024 | Buy Now | 4.32% | Citigroup | Peter Christiansen78% | $125 → $145 | Maintains | Neutral | Get Alert |
| 09/23/2024 | Buy Now | -5.04% | Barclays | Ramsey El-Assal66% | $118 → $132 | Maintains | Equal-Weight | Get Alert |
| 09/12/2024 | Buy Now | -9.35% | Stifel | Bryan Bergin61% | $121 → $126 | Maintains | Hold | Get Alert |
| 09/12/2024 | Buy Now | -9.35% | TD Cowen | Bryan Bergin61% | $121 → $126 | Maintains | Hold | Get Alert |
| 08/20/2024 | Buy Now | -7.91% | JP Morgan | Tien-Tsin Huang62% | $120 → $128 | Maintains | Underweight | Get Alert |
| 07/27/2024 | Buy Now | -12.95% | Stifel | Bryan Bergin61% | $121 → $121 | Reiterates | Hold → Hold | Get Alert |
| 07/01/2024 | Buy Now | -15.11% | Barclays | Ramsey El-Assal66% | $120 → $118 | Maintains | Equal-Weight | Get Alert |
| 06/27/2024 | Buy Now | -12.23% | Morgan Stanley | James Faucette65% | $125 → $122 | Maintains | Equal-Weight | Get Alert |
| 06/27/2024 | Buy Now | -6.47% | RBC Capital | Ashish Sabadra74% | $130 → $130 | Reiterates | Sector Perform → Sector Perform | Get Alert |
| 06/27/2024 | Buy Now | -10.79% | Baird | Mark Marcon72% | $126 → $124 | Maintains | Neutral | Get Alert |
| 06/27/2024 | Buy Now | -18.71% | B of A Securities | Jason Kupferberg54% | $111 → $113 | Maintains | Underperform | Get Alert |
| 05/21/2024 | Buy Now | -6.47% | RBC Capital | Ashish Sabadra74% | $130 → $130 | Reiterates | Sector Perform → Sector Perform | Get Alert |
| 04/08/2024 | Buy Now | -10.07% | UBS | Kevin Mcveigh50% | $120 → $125 | Maintains | Neutral | Get Alert |
| 04/03/2024 | Buy Now | -6.47% | RBC Capital | Ashish Sabadra74% | $130 → $130 | Reiterates | Sector Perform → Sector Perform | Get Alert |
| 04/03/2024 | Buy Now | -17.27% | Wedbush | Moshe Katri55% | $115 → $115 | Reiterates | Neutral → Neutral | Get Alert |
| 04/03/2024 | Buy Now | -20.14% | B of A Securities | Jason Kupferberg54% | $108 → $111 | Maintains | Underperform | Get Alert |
| 04/03/2024 | Buy Now | -12.95% | TD Cowen | Bryan Bergin61% | $122 → $121 | Maintains | Hold | Get Alert |
| 03/26/2024 | Buy Now | -15.11% | Evercore ISI Group | David Togut46% | $118 → $118 | Maintains | In-Line | Get Alert |
| 03/08/2024 | Buy Now | -12.23% | TD Cowen | Bryan Bergin61% | $123 → $122 | Maintains | Market Perform | Get Alert |
| 02/02/2024 | Buy Now | -22.3% | B of A Securities | Jason Kupferberg54% | $105 → $108 | Maintains | Underperform | Get Alert |
| 12/26/2023 | Buy Now | -10.07% | Citigroup | Peter Christiansen78% | $130 → $125 | Maintains | Neutral | Get Alert |
| 12/22/2023 | Buy Now | -6.47% | RBC Capital | Ashish Sabadra74% | $130 → $130 | Reiterates | Sector Perform → Sector Perform | Get Alert |
| 12/22/2023 | Buy Now | -6.47% | Stifel | David Grossman72% | $124 → $130 | Maintains | Hold | Get Alert |
| 12/22/2023 | Buy Now | -9.35% | JP Morgan | Tien-Tsin Huang62% | $134 → $126 | Maintains | Underweight | Get Alert |
| 12/22/2023 | Buy Now | -13.67% | Barclays | Ramsey El-Assal66% | $126 → $120 | Maintains | Equal-Weight | Get Alert |
| 12/22/2023 | Buy Now | -11.51% | TD Cowen | Bryan Bergin61% | $132 → $123 | Downgrade | Outperform → Market Perform | Get Alert |
| 12/14/2023 | Buy Now | -9.35% | Barclays | Ramsey El-Assal66% | $126 → $126 | Upgrade | Underweight → Equal-Weight | Get Alert |
| 11/07/2023 | Buy Now | -13.67% | UBS | Kevin Mcveigh50% | → $120 | Initiates | → Neutral | Get Alert |
| 10/22/2023 | Buy Now | -13.67% | Barclays | Ramsey El-Assal66% | $126 → $120 | Maintains | Equal-Weight | Get Alert |
| 09/28/2023 | Buy Now | -6.47% | RBC Capital | Ashish Sabadra74% | → $130 | Reiterates | Sector Perform → Sector Perform | Get Alert |
| 09/28/2023 | Buy Now | -8.63% | Morgan Stanley | James Faucette65% | $125 → $127 | Maintains | Equal-Weight | Get Alert |
| 09/28/2023 | Buy Now | -5.76% | TD Cowen | Bryan Bergin61% | $130 → $131 | Maintains | Outperform | Get Alert |
| 09/28/2023 | Buy Now | -23.74% | B of A Securities | Jason Kupferberg54% | $103 → $106 | Maintains | Underperform | Get Alert |
| 09/26/2023 | Buy Now | -17.27% | Wedbush | Moshe Katri55% | → $115 | Reiterates | Neutral → Neutral | Get Alert |
| 09/05/2023 | Buy Now | -6.47% | RBC Capital | Ashish Sabadra74% | → $130 | Initiates | → Sector Perform | Get Alert |
| 08/22/2023 | Buy Now | -3.6% | JP Morgan | Tien-Tsin Huang62% | $114 → $134 | Maintains | Underweight | Get Alert |
| 08/17/2023 | Buy Now | -6.47% | TD Cowen | Bryan Bergin61% | $123 → $130 | Maintains | Outperform | Get Alert |
| 07/03/2023 | Buy Now | -9.35% | Baird | Mark Marcon72% | $134 → $126 | Maintains | Neutral | Get Alert |
| 07/03/2023 | Buy Now | -10.07% | Morgan Stanley | James Faucette65% | $125 → $125 | Reiterates | Equal-Weight → Equal-Weight | Get Alert |
| 07/03/2023 | Buy Now | -23.74% | Barclays | Matt Ramsay51% | $109 → $106 | Maintains | Underweight | Get Alert |
| 06/30/2023 | Buy Now | -10.07% | Morgan Stanley | James Faucette65% | $125 → $125 | Reiterates | Equal-Weight → Equal-Weight | Get Alert |
| 06/30/2023 | Buy Now | -17.99% | JP Morgan | Tien-Tsin Huang62% | $123 → $114 | Maintains | Underweight | Get Alert |
| 06/13/2023 | Buy Now | -11.51% | TD Cowen | Bryan Bergin61% | $125 → $123 | Maintains | Outperform | Get Alert |
| 06/02/2023 | Buy Now | -17.27% | UBS | Rayna Kumar56% | → $115 | Initiates | → Neutral | Get Alert |
| 04/03/2023 | Buy Now | -21.58% | Barclays | Matt Ramsay51% | $105 → $109 | Maintains | Underweight | Get Alert |
| 04/03/2023 | Buy Now | -24.46% | B of A Securities | Jason Kupferberg54% | $119 → $105 | Downgrade | Neutral → Underperform | Get Alert |
| 03/30/2023 | Buy Now | -12.23% | Stifel | David Grossman72% | $119 → $122 | Maintains | Hold | Get Alert |
| 03/30/2023 | Buy Now | -11.51% | JP Morgan | Tien-Tsin Huang62% | $119 → $123 | Maintains | Underweight | Get Alert |
| 03/13/2023 | Buy Now | -24.46% | Barclays | Ramsey El-Assal66% | $110 → $105 | Maintains | Underweight | Get Alert |
| 01/17/2023 | Buy Now | -20.86% | Barclays | Ramsey El-Assal66% | $115 → $110 | Downgrade | Equal-Weight → Underweight | Get Alert |
| 12/23/2022 | Buy Now | -14.39% | JP Morgan | Tien-Tsin Huang62% | $121 → $119 | Maintains | Underweight | Get Alert |
| 12/23/2022 | Buy Now | -10.07% | Morgan Stanley | James Faucette65% | $130 → $125 | Maintains | Equal-Weight | Get Alert |
| 12/23/2022 | Buy Now | -17.27% | Barclays | Ramsey El-Assal66% | $127 → $115 | Maintains | Equal-Weight | Get Alert |
| 12/23/2022 | Buy Now | -13.67% | Jefferies | Samad Samana11% | $130 → $120 | Maintains | Hold | Get Alert |
| 09/29/2022 | Buy Now | -5.04% | Cowen & Co. | Bryan Bergin61% | $125 → $132 | Maintains | Outperform | Get Alert |
| 09/29/2022 | Buy Now | -0.72% | Credit Suisse | Kevin Mcveigh50% | $150 → $138 | Maintains | Outperform | Get Alert |
| 09/22/2022 | Buy Now | -5.76% | Citigroup | Peter Christiansen78% | $125 → $131 | Maintains | Neutral | Get Alert |
| 07/07/2022 | Buy Now | -10.07% | Citigroup | Peter Christiansen78% | $145 → $125 | Maintains | Neutral | Get Alert |
| 06/30/2022 | Buy Now | -2.88% | Cowen & Co. | Bryan Bergin61% | $140 → $135 | Maintains | Outperform | Get Alert |
| 06/30/2022 | Buy Now | -6.47% | Morgan Stanley | James Faucette65% | $140 → $130 | Maintains | Equal-Weight | Get Alert |
| 06/30/2022 | Buy Now | -11.51% | Deutsche Bank | Bryan Keane73% | $145 → $123 | Maintains | Hold | Get Alert |
| 06/30/2022 | Buy Now | -8.63% | Barclays | Ramsey El-Assal66% | $140 → $127 | Maintains | Equal-Weight | Get Alert |
| 06/30/2022 | Buy Now | 0.72% | Credit Suisse | Kevin Mcveigh50% | $165 → $140 | Maintains | Outperform | Get Alert |
| 06/29/2022 | Buy Now | -17.27% | Stifel | David Grossman72% | $140 → $115 | Maintains | Hold | Get Alert |
FAQ
What is the target price for Paychex (PAYX) stock?
The latest price target for Paychex (NASDAQ:PAYX) was reported by JP Morgan on June 18, 2025. The analyst firm set a price target for $148.00 expecting PAYX to rise to within 12 months (a possible 6.47% upside). 32 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Paychex (PAYX)?
The latest analyst rating for Paychex (NASDAQ:PAYX) was provided by JP Morgan, and Paychex maintained their underweight rating.
When was the last upgrade for Paychex (PAYX)?
The last upgrade for Paychex Inc happened on December 14, 2023 when Barclays raised their price target to $126. Barclays previously had an underweight for Paychex Inc.
When was the last downgrade for Paychex (PAYX)?
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.
When is the next analyst rating going to be posted or updated for Paychex (PAYX)?
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 June 18, 2025 so you should expect the next rating to be made available sometime around June 18, 2026.
Is the Analyst Rating Paychex (PAYX) correct?
While ratings are subjective and will change, the latest Paychex (PAYX) rating was a maintained with a price target of $140.00 to $148.00. The current price Paychex (PAYX) is trading at is $139.00, which is out of the analyst’s predicted range.
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