Paychex (PAYX) Stock Forecast & Price Target

$144.13 -0.70 (-0.48%)

Closing price 04:00 PM Eastern

Extended Trading

$143.56 -0.56 (-0.39%)

As of 06:16 PM Eastern

Paychex - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Reduce

Based on 13 Analyst Ratings

Sell
2

Hold
11

Buy
0

Based on 13 Wall Street analysts who have issued ratings for Paychex in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 13 analysts, 2 have given a sell rating, and 11 have given a hold rating for PAYX.

Consensus Price Target

$133.23
-7.56% Downside

According to the 13 analysts' twelve-month price targets for Paychex, the average price target is $133.23. The highest price target for PAYX is $155.00, while the lowest price target for PAYX is $113.00. The average price target represents a forecasted downside of -7.56% from the current price of $144.13.

Get the Latest News and Ratings for PAYX and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for Paychex and its competitors.

PAYX Analyst Ratings Over Time

Type	Current Forecast 3/25/24 to 3/25/25	1 Month Ago 2/24/24 to 2/23/25	3 Months Ago 12/26/23 to 12/25/24	1 Year Ago 3/26/23 to 3/25/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)
Hold	11 Hold rating(s)	11 Hold rating(s)	11 Hold rating(s)	8 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$133.23	$132.23	$132.23	$123.17
Forecasted Upside	-7.56% Downside	-10.96% Downside	-6.48% Downside	3.54% Upside
Consensus Rating	Reduce	Reduce	Reduce	Reduce

Remove Ads

PAYX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PAYX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Paychex Stock vs. The Competition

Type	Paychex	Business Services Companies	S&P 500
Consensus Rating Score	1.85	2.71	2.54
Consensus Rating	Reduce	Moderate Buy	Moderate Buy
Predicted Upside	-7.63% Downside	1,353.68% Upside	17.40% Upside
News Sentiment Rating	Positive News See Recent PAYX News	Positive News	Positive News

Remove Ads

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
3/4/2025	UBS Group 4 of 5 stars	Kevin Mcveigh Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$152.00 ➝ $155.00	+0.17%
12/23/2024	Barclays 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$135.00 ➝ $140.00	+0.33%
12/20/2024	Royal Bank of Canada 4 of 5 stars		Reiterated Rating	Sector Perform ➝ Sector Perform	$148.00 ➝ $148.00	+7.68%
11/19/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$133.00 ➝ $139.00	-1.50%
10/2/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$126.00 ➝ $131.00	-7.37%
10/2/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$120.00 ➝ $130.00	-8.00%
10/2/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$130.00 ➝ $141.00	-0.22%
10/2/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$122.00 ➝ $133.00	-5.53%
9/25/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$125.00 ➝ $145.00	+9.01%
6/27/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underperform ➝ Underperform	$111.00 ➝ $113.00	-3.74%
Get the Latest News and Ratings for PAYX and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Paychex and its competitors with MarketBeat's FREE daily newsletter.
6/27/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$126.00 ➝ $124.00	+5.63%
4/3/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$115.00	-5.80%
3/26/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	In-Line ➝ In-Line	$118.00	-1.14%
10/3/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$125.00 ➝ $130.00	+14.26%
6/30/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
6/2/2023	3M Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Initiates

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 06:21 PM ET.

Should I Buy Paychex Stock? PAYX Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, March 23, 2025. Please send any questions or comments about these Paychex pros and cons to contact@marketbeat.com.

Paychex
Bull Case

Here are some ways that investors could benefit from investing in Paychex, Inc.:

Paychex, Inc. has demonstrated strong financial performance, reporting a net margin of 32.02% and a return on equity of 45.28%, indicating efficient management and profitability.
The company recently announced a quarterly dividend of $0.98, which translates to an annualized dividend yield of 2.74%. This consistent dividend payment can provide a steady income stream for investors.
With a market capitalization of $51.50 billion, Paychex, Inc. is a well-established player in the business services sector, which can offer stability and lower risk compared to smaller companies.
The stock is currently priced at $143.02, which is within a reasonable range compared to its twelve-month high of $158.37, suggesting potential for growth as it approaches previous highs.
Recent institutional investments, including a 5.0% increase in stake by Royal London Asset Management Ltd., indicate confidence from large investors, which can be a positive signal for retail investors.

Paychex
Bear Case

Investors should be bearish about investing in Paychex, Inc. for these reasons:

The stock has experienced a recent decline of 1.5%, which may indicate volatility and potential challenges in maintaining its stock price.
With a P/E ratio of 30.11, the stock may be considered overvalued compared to industry peers, suggesting that investors might be paying a premium for earnings.
The price-to-earnings-growth (P/E/G) ratio of 4.10 indicates that the stock's price may not be justified by its earnings growth, which could deter growth-focused investors.
Despite a strong dividend payout ratio of 82.53%, this high ratio may raise concerns about the sustainability of future dividends, especially if earnings growth slows.
83.47% of the stock is owned by institutional investors and hedge funds, which can lead to increased volatility if these large stakeholders decide to sell their positions.

PAYX Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Paychex is $133.23, with a high forecast of $155.00 and a low forecast of $113.00.
: 13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last twelve months. There are currently 2 sell ratings and 11 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" PAYX shares.
: According to analysts, Paychex's stock has a predicted downside of -7.56% based on their 12-month stock forecasts.
: Paychex has been rated by research analysts at UBS Group in the past 90 days.
: Analysts like Paychex less than other "business services" companies. The consensus rating for Paychex is Reduce while the average consensus rating for "business services" companies is Moderate Buy. Learn more on how PAYX compares to other companies.

Stock Forecasts and Research Tools

Related Companies

Today's Ratings

Top-Rated Stocks

More Ratings Tools

This page (NASDAQ:PAYX) was last updated on 3/25/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Paychex (PAYX) Stock Forecast & Price Target