UBS Initiates Coverage On Paycom Software with Buy Rating, Announces Price Target of $235
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Kevin Mcveigh has initiated coverage on Paycom Software (NYSE:PAYC) with a Buy rating and a price target of $235.
November 07, 2023 | 2:25 pm
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UBS has initiated coverage on Paycom Software with a Buy rating and a price target of $235, which could potentially drive the stock price up.
Analyst ratings often influence the stock price. A Buy rating from a reputable institution like UBS indicates a positive outlook for the company. The price target of $235, if higher than the current price, suggests that the analyst expects the stock price to rise, which could encourage investors to buy, driving the price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100