JP Morgan Maintains Neutral on Paycom Software, Raises Price Target to $175
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Mark Murphy maintains a Neutral rating on Paycom Software (PAYC) and raises the price target from $165 to $175.

May 02, 2024 | 3:50 pm
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JP Morgan analyst Mark Murphy maintains a Neutral rating on Paycom Software and raises the price target from $165 to $175.
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 analyst sees the stock as fairly valued at current levels, which might temper significant price movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90