Jefferies Maintains Hold on Paycom Software, Raises Price Target to $170
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Samad Samana maintains a Hold rating on Paycom Software (NYSE:PAYC) and raises the price target from $155 to $170.
October 22, 2024 | 1:15 pm
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POSITIVE IMPACT
Jefferies analyst Samad Samana maintains a Hold rating on Paycom Software and raises the price target from $155 to $170, indicating a positive outlook.
The increase in the price target from $155 to $170 by Jefferies suggests a positive outlook for Paycom Software, which could lead to a short-term increase in stock price. However, the Hold rating indicates that the analyst does not see a strong buy opportunity, balancing the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100