JP Morgan Maintains Neutral on Paycom Software, Raises Price Target to $165
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Mark Murphy has maintained a Neutral rating on Paycom Software (PAYC) and increased the price target from $140 to $165.
February 08, 2024 | 9:25 pm
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JP Morgan analyst Mark Murphy maintains a Neutral rating on Paycom Software but raises the price target from $140 to $165.
The increase in price target by JP Morgan suggests a positive outlook on the stock's value, potentially leading to short-term price appreciation. However, the Neutral rating indicates that the stock might not outperform the market significantly.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90