Bulls vs Bears
Click to unlock major analysts' bullish and bearish positions by joining Benzinga Edge.
Paychex Inc has a consensus price target of $116.52 based on the ratings of 22 analysts. The high is $156 issued by Stifel on March 27, 2025. The low is $94 issued by UBS on April 13, 2026. The 3 most-recent analyst ratings were released by Stifel, Citigroup, and TD Cowen on June 17, 2026, June 15, 2026, and June 8, 2026, respectively. With an average price target of $116 between Stifel, Citigroup, and TD Cowen, there's an implied 18.49% upside for Paychex Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Paychex (NASDAQ:PAYX) was reported by Stifel on June 17, 2026. The analyst firm set a price target for $110.00 expecting PAYX to rise to within 12 months (a possible 12.36% upside). 36 analyst firms have reported ratings in the last year.
The latest analyst rating for Paychex (NASDAQ:PAYX) was provided by Stifel, and Paychex maintained their hold rating.
The last upgrade for Paychex Inc happened on June 15, 2026 when Citigroup raised their price target to $140. Citigroup previously had a neutral for Paychex Inc.
The last downgrade for Paychex Inc happened on December 22, 2023 when TD Cowen changed their price target from $132 to $123 for Paychex Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Paychex, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Paychex was filed on June 17, 2026 so you should expect the next rating to be made available sometime around June 17, 2027.
While ratings are subjective and will change, the latest Paychex (PAYX) rating was a maintained with a price target of $105.00 to $110.00. The current price Paychex (PAYX) is trading at is $97.90, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.
Data & APIs: Benzinga APIs · Stock News API · Analyst Ratings API · Company Logo API
Market data provided by Benzinga APIs
A newsletter built for market enthusiasts by market enthusiasts. Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes.
Click to unlock major analysts' bullish and bearish positions by joining Benzinga Edge.

| Buy Now | Get Alert | ||||||
|---|---|---|---|---|---|---|---|
| 06/17/2026 | Buy Now | 12.36% | Stifel | $105 → $110 | Maintains | Hold | Get Alert |
| 06/15/2026 | Buy Now | 43% | Citigroup | $99 → $140 | Upgrade | Neutral → Buy | Get Alert |
| 06/08/2026 | Buy Now | 0.1% | TD Cowen | $94 → $98 | Maintains | Hold | Get Alert |
| 04/13/2026 | Buy Now | -3.98% | UBS | $98 → $94 | Maintains | Neutral | Get Alert |
| 03/26/2026 | Buy Now | 2.15% | JP Morgan | $125 → $100 | Maintains | Underweight | Get Alert |
| 03/26/2026 | Buy Now | 1.12% | Citigroup | $120 → $99 | Maintains | Neutral | Get Alert |
| 03/26/2026 | Buy Now | -2.96% | Wells Fargo | $116 → $95 | Maintains | Underweight | Get Alert |
| 03/26/2026 | Buy Now | -2.96% | TD Cowen | $114 → $95 | Maintains | Hold | Get Alert |
| 03/26/2026 | Buy Now | 27.68% | Baird | $148 → $125 | Maintains | Neutral | Get Alert |
| 03/19/2026 | Buy Now | 4.19% | RBC Capital | $125 → $102 | Maintains | Sector Perform | Get Alert |
| 03/19/2026 | Buy Now | — | Guggenheim | — | Initiates | → Neutral | Get Alert |
| 03/13/2026 | Buy Now | 5.21% | BMO Capital | $121 → $103 | Maintains | Market Perform | Get Alert |
| 01/27/2026 | Buy Now | 0.1% | Cantor Fitzgerald | → $98 | Initiates | → Underweight | Get Alert |
| 12/22/2025 | Buy Now | 22.57% | Citigroup | $139 → $120 | Maintains | Neutral | Get Alert |
| 12/22/2025 | Buy Now | 27.68% | JP Morgan | $140 → $125 | Maintains | Underweight | Get Alert |
| 12/22/2025 | Buy Now | 25.64% | Morgan Stanley | $133 → $123 | Maintains | Equal-Weight | Get Alert |
| 12/17/2025 | Buy Now | 28.7% | Stifel | $137 → $126 | Maintains | Hold | Get Alert |
| 12/09/2025 | Buy Now | 18.49% | Wells Fargo | $128 → $116 | Maintains | Underweight | Get Alert |
| 12/09/2025 | Buy Now | 23.6% | BMO Capital | $140 → $121 | Maintains | Market Perform | Get Alert |
| 12/08/2025 | Buy Now | 20.53% | Jefferies | $130 → $118 | Maintains | Hold | Get Alert |
| 12/01/2025 | Buy Now | 16.45% | TD Cowen | $126 → $114 | Maintains | Hold | Get Alert |
| 10/22/2025 | Buy Now | 30.75% | Wells Fargo | → $128 | Initiates | → Underweight | Get Alert |
| 10/20/2025 | Buy Now | 35.85% | Morgan Stanley | $132 → $133 | Maintains | Equal-Weight | Get Alert |
| 10/07/2025 | Buy Now | 37.9% | Stephens & Co. | → $135 | Initiates | → Equal-Weight | Get Alert |
| 10/01/2025 | Buy Now | 43% | JP Morgan | $153 → $140 | Maintains | Underweight | Get Alert |
| 10/01/2025 | Buy Now | 34.83% | Morgan Stanley | $148 → $132 | Maintains | Equal-Weight | Get Alert |
| 10/01/2025 | Buy Now | 43% | BMO Capital | $143 → $140 | Maintains | Market Perform | Get Alert |
| 09/22/2025 | Buy Now | 45.05% | Stifel | $152 → $142 | Maintains | Hold | Get Alert |
| 09/17/2025 | Buy Now | 43% | UBS | $148 → $140 | Maintains | Neutral | Get Alert |
| 08/21/2025 | Buy Now | 51.17% | Citigroup | $158 → $148 | Maintains | Neutral | Get Alert |
| 08/14/2025 | Buy Now | 56.28% | JP Morgan | $148 → $153 | Maintains | Underweight | Get Alert |
| 07/10/2025 | Buy Now | 63.43% | BMO Capital | → $160 | Initiates | → Market Perform | Get Alert |
| 06/27/2025 | Buy Now | 51.17% | Morgan Stanley | $150 → $148 | Maintains | Equal-Weight | Get Alert |
| 06/26/2025 | Buy Now | 55.26% | Stifel | $156 → $152 | Maintains | Hold | Get Alert |
| 06/26/2025 | Buy Now | 48.11% | UBS | $155 → $145 | Maintains | Neutral | Get Alert |
| 06/26/2025 | Buy Now | 43% | Jefferies | $155 → $140 | Maintains | Hold | Get Alert |
| 06/18/2025 | Buy Now | 51.17% | JP Morgan | $140 → $148 | Maintains | Underweight | Get Alert |
| 06/03/2025 | Buy Now | 68.54% | RBC Capital | $148 → $165 | Maintains | Sector Perform | Get Alert |
| 03/31/2025 | Buy Now | 58.32% | Barclays | $140 → $155 | Maintains | Equal-Weight | Get Alert |
| 03/27/2025 | Buy Now | 45.05% | Morgan Stanley | $137 → $142 | Maintains | Equal-Weight | Get Alert |
| 03/27/2025 | Buy Now | 61.39% | Citigroup | $145 → $158 | Maintains | Neutral | Get Alert |
| 03/27/2025 | Buy Now | 59.35% | Stifel | $141 → $156 | Maintains | Hold | Get Alert |
| 03/04/2025 | Buy Now | 58.32% | UBS | $152 → $155 | Maintains | Neutral | Get Alert |
| 12/23/2024 | Buy Now | 43% | Barclays | $135 → $140 | Maintains | Equal-Weight | Get Alert |
| 12/20/2024 | Buy Now | 39.94% | Morgan Stanley | $133 → $137 | Maintains | Equal-Weight | Get Alert |
| 12/20/2024 | Buy Now | 51.17% | RBC Capital | $148 → $148 | Reiterates | Sector Perform → Sector Perform | Get Alert |
| 12/03/2024 | Buy Now | 49.13% | TD Cowen | $131 → $146 | Maintains | Hold | Get Alert |
| 12/03/2024 | Buy Now | 49.13% | Stifel | $131 → $146 | Maintains | Hold | Get Alert |
| 11/19/2024 | Buy Now | 41.98% | JP Morgan | $133 → $139 | Maintains | Underweight | Get Alert |
| 10/07/2024 | Buy Now | 37.9% | Barclays | $132 → $135 | Maintains | Equal-Weight | Get Alert |
| 10/02/2024 | Buy Now | 48.11% | Citigroup | $145 → $145 | Reiterates | Neutral → Neutral | Get Alert |
| 10/02/2024 | Buy Now | 33.81% | TD Cowen | $126 → $131 | Maintains | Hold | Get Alert |
| 10/02/2024 | Buy Now | 44.02% | Stifel | $130 → $141 | Maintains | Hold | Get Alert |
| 10/02/2024 | Buy Now | 32.79% | Jefferies | $120 → $130 | Maintains | Hold | Get Alert |
| 10/02/2024 | Buy Now | 51.17% | RBC Capital | $130 → $148 | Maintains | Sector Perform | Get Alert |
| 10/02/2024 | Buy Now | 45.05% | UBS | $125 → $142 | Maintains | Neutral | Get Alert |
| 10/02/2024 | Buy Now | 35.85% | Morgan Stanley | $122 → $133 | Maintains | Equal-Weight | Get Alert |
| 09/25/2024 | Buy Now | 48.11% | Citigroup | $125 → $145 | Maintains | Neutral | Get Alert |
| 09/23/2024 | Buy Now | 34.83% | Barclays | $118 → $132 | Maintains | Equal-Weight | Get Alert |
| 09/12/2024 | Buy Now | 28.7% | Stifel | $121 → $126 | Maintains | Hold | Get Alert |
| 09/12/2024 | Buy Now | 28.7% | TD Cowen | $121 → $126 | Maintains | Hold | Get Alert |
| 08/20/2024 | Buy Now | 30.75% | JP Morgan | $120 → $128 | Maintains | Underweight | Get Alert |
| 07/27/2024 | Buy Now | 23.6% | Stifel | $121 → $121 | Reiterates | Hold → Hold | Get Alert |
| 07/01/2024 | Buy Now | 20.53% | Barclays | $120 → $118 | Maintains | Equal-Weight | Get Alert |
| 06/27/2024 | Buy Now | 24.62% | Morgan Stanley | $125 → $122 | Maintains | Equal-Weight | Get Alert |
| 06/27/2024 | Buy Now | 32.79% | RBC Capital | $130 → $130 | Reiterates | Sector Perform → Sector Perform | Get Alert |
| 06/27/2024 | Buy Now | 26.66% | Baird | $126 → $124 | Maintains | Neutral | Get Alert |
| 06/27/2024 | Buy Now | 15.42% | B of A Securities | $111 → $113 | Maintains | Underperform | Get Alert |
| 05/21/2024 | Buy Now | 32.79% | RBC Capital | $130 → $130 | Reiterates | Sector Perform → Sector Perform | Get Alert |
| 04/08/2024 | Buy Now | 27.68% | UBS | $120 → $125 | Maintains | Neutral | Get Alert |
| 04/03/2024 | Buy Now | 32.79% | RBC Capital | $130 → $130 | Reiterates | Sector Perform → Sector Perform | Get Alert |
| 04/03/2024 | Buy Now | 17.47% | Wedbush | $115 → $115 | Reiterates | Neutral → Neutral | Get Alert |
| 04/03/2024 | Buy Now | 13.38% | B of A Securities | $108 → $111 | Maintains | Underperform | Get Alert |
| 04/03/2024 | Buy Now | 23.6% | TD Cowen | $122 → $121 | Maintains | Hold | Get Alert |
| 03/26/2024 | Buy Now | 20.53% | Evercore ISI Group | $118 → $118 | Maintains | In-Line | Get Alert |
| 03/08/2024 | Buy Now | 24.62% | TD Cowen | $123 → $122 | Maintains | Market Perform | Get Alert |
| 02/02/2024 | Buy Now | 10.32% | B of A Securities | $105 → $108 | Maintains | Underperform | Get Alert |
| 12/26/2023 | Buy Now | 27.68% | Citigroup | $130 → $125 | Maintains | Neutral | Get Alert |
| 12/22/2023 | Buy Now | 32.79% | RBC Capital | $130 → $130 | Reiterates | Sector Perform → Sector Perform | Get Alert |
| 12/22/2023 | Buy Now | 32.79% | Stifel | $124 → $130 | Maintains | Hold | Get Alert |
| 12/22/2023 | Buy Now | 28.7% | JP Morgan | $134 → $126 | Maintains | Underweight | Get Alert |
| 12/22/2023 | Buy Now | 22.57% | Barclays | $126 → $120 | Maintains | Equal-Weight | Get Alert |
| 12/22/2023 | Buy Now | 25.64% | TD Cowen | $132 → $123 | Downgrade | Outperform → Market Perform | Get Alert |
| 12/14/2023 | Buy Now | 28.7% | Barclays | $126 → $126 | Upgrade | Underweight → Equal-Weight | Get Alert |
| 11/07/2023 | Buy Now | 22.57% | UBS | → $120 | Initiates | → Neutral | Get Alert |
| 10/22/2023 | Buy Now | 22.57% | Barclays | $126 → $120 | Maintains | Equal-Weight | Get Alert |
| 09/28/2023 | Buy Now | 32.79% | RBC Capital | → $130 | Reiterates | Sector Perform → Sector Perform | Get Alert |
| 09/28/2023 | Buy Now | 29.72% | Morgan Stanley | $125 → $127 | Maintains | Equal-Weight | Get Alert |
| 09/28/2023 | Buy Now | 33.81% | TD Cowen | $130 → $131 | Maintains | Outperform | Get Alert |
| 09/28/2023 | Buy Now | 8.27% | B of A Securities | $103 → $106 | Maintains | Underperform | Get Alert |
| 09/26/2023 | Buy Now | 17.47% | Wedbush | → $115 | Reiterates | Neutral → Neutral | Get Alert |
| 09/05/2023 | Buy Now | 32.79% | RBC Capital | → $130 | Initiates | → Sector Perform | Get Alert |
| 08/22/2023 | Buy Now | 36.87% | JP Morgan | $114 → $134 | Maintains | Underweight | Get Alert |
| 08/17/2023 | Buy Now | 32.79% | TD Cowen | $123 → $130 | Maintains | Outperform | Get Alert |
| 07/03/2023 | Buy Now | 28.7% | Baird | $134 → $126 | Maintains | Neutral | Get Alert |
| 07/03/2023 | Buy Now | 27.68% | Morgan Stanley | $125 → $125 | Reiterates | Equal-Weight → Equal-Weight | Get Alert |
| 07/03/2023 | Buy Now | 8.27% | Barclays | $109 → $106 | Maintains | Underweight | Get Alert |
| 06/30/2023 | Buy Now | 27.68% | Morgan Stanley | $125 → $125 | Reiterates | Equal-Weight → Equal-Weight | Get Alert |
| 06/30/2023 | Buy Now | 16.45% | JP Morgan | $123 → $114 | Maintains | Underweight | Get Alert |