These Analysts Slash Their Forecasts On Paycor HCM Following Q4 Results
Portfolio Pulse from Avi Kapoor
Paycor HCM, Inc. (NASDAQ:PYCR) reported better-than-expected Q4 earnings and revenue, leading to a 2.7% increase in its stock price. Despite the positive results, several analysts lowered their price targets for the stock.
August 15, 2024 | 12:51 pm
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Paycor HCM reported better-than-expected Q4 earnings and revenue, leading to a 2.7% increase in its stock price. However, analysts from Needham, BTIG, Stifel, and JP Morgan lowered their price targets despite maintaining their ratings.
While Paycor HCM reported strong Q4 results, the fact that multiple analysts lowered their price targets suggests caution about future growth prospects. This mixed sentiment is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100