What 6 Analyst Ratings Have To Say About Paychex
Portfolio Pulse from Benzinga Insights
In the last quarter, Paychex (NASDAQ:PAYX) received 6 analyst ratings, with 1 somewhat bullish, 2 indifferent, and 3 somewhat bearish. The company has an average 12-month price target of $115.17, a decrease of 3.54% from the previous average of $119.40.
June 30, 2023 | 5:00 pm
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Paychex received mixed analyst ratings in the last quarter, with a somewhat bearish tilt. The average 12-month price target has decreased, which may impact the stock's short-term performance.
Analyst ratings can significantly influence investor sentiment and stock performance. The somewhat bearish tilt and decrease in the 12-month price target suggest potential downward pressure on Paychex's stock in the short term.
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IMPORTANCE 75
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