Paycom Software Stock: A Deep Dive Into Analyst Perspectives (15 Ratings)
Portfolio Pulse from Benzinga Insights
Paycom Software (NYSE:PAYC) has been rated by 15 analysts in the last three months, with a diverse range of perspectives. The average 12-month price target for PAYC has decreased by 37.44% to $222.6 from the previous $355.82. Analysts from firms including Jefferies, Piper Sandler, UBS, B of A Securities, Mizuho, Barclays, BMO Capital, Citigroup, Stifel, TD Cowen, and Deutsche Bank have adjusted their ratings and price targets, reflecting changes in market dynamics and company performance. Paycom, established in 1998, is a provider of payroll and HCM software. Financially, Paycom has shown strong revenue growth and net margin but a lower ROE compared to industry averages.
January 05, 2024 | 2:00 pm
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Paycom Software's average price target has been lowered significantly, indicating a bearish sentiment among analysts. Despite strong revenue growth and net margin, the lowered ROE may concern investors.
The significant decrease in the average price target suggests that analysts are less optimistic about Paycom's future stock performance. The strong revenue growth and net margin are positive indicators, but the lower ROE compared to industry averages may be a point of concern for investors, potentially impacting the stock price negatively in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100