A Closer Look at 5 Analyst Recommendations For Paycom Software
Portfolio Pulse from Benzinga Insights
Analysts have provided diverse ratings for Paycom Software (NYSE:PAYC) with 2 bullish, 3 indifferent, and no bearish ratings in the last three months. The average 12-month price target is $212.6, with a high of $250.00 and a low of $185.00, marking a decline from the previous target of $220.00. Citigroup and UBS analysts have adjusted their price targets, with Citigroup lowering to $198 from $205 and UBS raising to $250 from $235. Paycom's financial indicators show strong market position, revenue growth, and profitability, but below-average ROE.
January 31, 2024 | 9:00 pm
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NEUTRAL IMPACT
Analysts have mixed opinions on PAYC, with recent adjustments in price targets. The average 12-month price target has decreased, indicating a potential negative sentiment. However, strong revenue growth and net margin could counteract the lowered expectations.
The mixed analyst ratings and adjustments in price targets suggest uncertainty, which could lead to a neutral short-term impact on PAYC's stock price. The strong financial performance may support the stock, but the lowered average price target and below-average ROE could limit upside potential.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100