Paycom Software (PAYC) Stock Forecast & Price Target

$209.03

+36.78 (+21.35%)

(As of 10/31/2024 ET)

Paycom Software - Analysts' Recommendations and Stock Price Forecast (2024)

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

Hold

Based on 17 Analyst Ratings

Sell
0

Hold
16

Buy
1

Based on 17 Wall Street analysts who have issued ratings for Paycom Software in the last 12 months, the stock has a consensus rating of "Hold." Out of the 17 analysts, 16 have given a hold rating, and 1 has given a buy rating for PAYC.

Consensus Price Target

$186.92
-10.58% Downside

According to the 17 analysts' twelve-month price targets for Paycom Software, the average price target is $186.92. The highest price target for PAYC is $250.00, while the lowest price target for PAYC is $160.00. The average price target represents a forecasted downside of -10.58% from the current price of $209.03.

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PAYC Analyst Ratings Over Time

Type	Current Forecast 11/1/23 to 10/31/24	1 Month Ago 10/2/23 to 10/1/24	3 Months Ago 8/3/23 to 8/2/24	1 Year Ago 11/1/22 to 11/1/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	3 Buy rating(s)	5 Buy rating(s)
Hold	16 Hold rating(s)	16 Hold rating(s)	16 Hold rating(s)	12 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$186.92	$179.75	$238.25	$301.32
Forecasted Upside	-10.58% Downside	8.06% Upside	45.00% Upside	99.93% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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PAYC 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.

PAYC 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.

Paycom Software Stock vs. The Competition

Type	Paycom Software	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.06	2.67	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	-13.73% Downside	625.06% Upside	10.27% Upside
News Sentiment Rating	Neutral News See Recent PAYC 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	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/31/2024	Citigroup 3 of 5 stars		Boost Target	Neutral ➝ Neutral	$172.00 ➝ $196.00	-6.23%
10/31/2024	Barclays 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$172.00 ➝ $181.00	-15.82%
10/31/2024	Jefferies Financial Group 2 of 5 stars		Boost Target	Hold ➝ Hold	$170.00 ➝ $175.00	-19.40%
10/31/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$183.00 ➝ $197.00	+6.72%
10/31/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$160.00 ➝ $191.00	+10.78%
9/23/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$171.00 ➝ $188.00	+9.89%
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8/1/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold
5/6/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$185.00 ➝ $170.00	-0.75%
5/2/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Roberge Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Market Perform
5/2/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$165.00 ➝ $175.00	+6.20%
2/6/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral
1/10/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$235.00 ➝ $250.00	+23.14%
11/2/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$330.00 ➝ $185.00	+25.20%
11/1/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Market Perform
11/1/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Sector Weight
11/1/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$400.00 ➝ $175.00	-28.56%
11/1/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$400.00 ➝ $160.00	-34.69%
8/2/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$443.00 ➝ $427.00	+15.17%
8/2/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$375.00 ➝ $395.00	+6.54%
3/30/2023	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Simmons Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$350.00	+22.43%
1/9/2023	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Underperform	$310.00	+8.15%
11/2/2022	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$400.00 ➝ $410.00	+24.19%
11/2/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$365.00 ➝ $381.00	+13.35%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 08:46 PM ET.

PAYC Forecast - Frequently Asked Questions

: According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Paycom Software is $186.92, with a high forecast of $250.00 and a low forecast of $160.00.
: 17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Paycom Software in the last twelve months. There are currently 16 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PAYC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PAYC, but not buy additional shares or sell existing shares.
: According to analysts, Paycom Software's stock has a predicted downside of -10.58% based on their 12-month stock forecasts.
: Paycom Software has been rated by research analysts at Barclays, BMO Capital Markets, Citigroup, Jefferies Financial Group, Piper Sandler, and TD Cowen in the past 90 days.
: Analysts like Paycom Software less than other "computer and technology" companies. The consensus rating for Paycom Software is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how PAYC compares to other companies.

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This page (NYSE:PAYC) was last updated on 10/31/2024 by MarketBeat.com Staff

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Paycom Software (PAYC) Stock Forecast & Price Target