Paycor HCM: Positive On The Mid-Term Growth Outlook (Rating Upgrade)
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Paycor HCM (PYCR) has been upgraded to a buy rating due to optimistic mid-term guidance and strong earnings growth potential. The company expects sustainable mid-teens recurring revenue growth and significant EBIT margin expansion, driven by successful upmarket traction, increased sales headcount, and strong broker relationships.
December 25, 2024 | 6:45 am
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Paycor HCM has been upgraded to a buy rating due to its optimistic mid-term guidance and strong earnings growth potential. The company is expected to achieve sustainable mid-teens recurring revenue growth and significant EBIT margin expansion.
The upgrade to a buy rating is based on Paycor HCM's optimistic mid-term guidance, which includes sustainable revenue growth and significant EBIT margin expansion. These factors are likely to positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100