Paychex (PAYX) Stock Forecast & Price Target

$139.54 +1.73 (+1.26%)

(As of 12/20/2024 05:31 PM ET)

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

$131.62
-5.68% Downside

According to the 13 analysts' twelve-month price targets for Paychex, the average price target is $131.62. The highest price target for PAYX is $148.00, while the lowest price target for PAYX is $113.00. The average price target represents a forecasted downside of -5.68% from the current price of $139.54.

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PAYX Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
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)	10 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	$131.62	$131.62	$123.00	$121.47
Forecasted Upside	-5.68% Downside	-8.66% Downside	-7.70% Downside	1.34% Upside
Consensus Rating	Reduce	Reduce	Reduce	Reduce

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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	2.69	2.51
Consensus Rating	Reduce	Moderate Buy	Moderate Buy
Predicted Upside	-5.68% Downside	169.91% Upside	14.52% Upside
News Sentiment Rating	Positive News See Recent PAYX News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
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. 3 of 5 stars	Boost Target	Underweight ➝ Underweight	$133.00 ➝ $139.00	-1.50%
10/2/2024	TD Cowen 5 of 5 stars	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	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$125.00 ➝ $142.00	+0.92%
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.
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%
9/23/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$118.00 ➝ $132.00	-1.23%
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%
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
1/3/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$123.00 ➝ $116.00	+0.38%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 07:50 AM 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 Friday, December 13, 2024. 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.:

Strong quarterly earnings: Paychex, Inc. reported earnings per share of $1.16, surpassing estimates, indicating robust financial performance.
Consistent revenue growth: The company achieved a year-over-year revenue increase of 2.5%, showcasing its ability to grow even in challenging market conditions.
Attractive dividend yield: With a quarterly dividend of $0.98 per share, translating to an annualized yield of 2.78%, Paychex, Inc. provides a steady income stream for investors.
Solid market capitalization: The company has a market cap of approximately $50.74 billion, reflecting its stability and established presence in the business services sector.
Current stock price: As of the latest trading session, Paychex, Inc. shares are priced at $140.95, which is near its 52-week high of $150.71, indicating strong market confidence.

Paychex
Bear Case

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

High P/E ratio: With a price-to-earnings (P/E) ratio of 30.10, the stock may be considered overvalued compared to industry peers, suggesting potential price corrections.
Insider selling activity: Recent transactions show significant insider selling, which could indicate a lack of confidence in the company's future performance.
Limited growth potential: The PEG ratio of 3.88 suggests that the stock's price may not be justified by its earnings growth, raising concerns about long-term value.
Market volatility: With a beta of 0.99, the stock is nearly as volatile as the market, which could pose risks during economic downturns.
Analyst ratings: The consensus rating is "Hold," with several analysts assigning sell ratings, indicating mixed sentiment about the stock's future performance.

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 $131.62, with a high forecast of $148.00 and a low forecast of $113.00.
: 13 Wall Street 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 analysts is that investors should "reduce" PAYX shares.
: According to analysts, Paychex's stock has a predicted downside of -5.68% based on their 12-month stock forecasts.
: Paychex has been rated by research analysts at Barclays, Citigroup, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, Royal Bank of Canada, Stifel Nicolaus, TD Cowen, and 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.

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This page (NASDAQ:PAYX) was last updated on 12/21/2024 by MarketBeat.com Staff

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Paychex (PAYX) Stock Forecast & Price Target