$118.38
00.00%
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Paychex
PAYXNASDAQ
Paychex (NASDAQ:PAYX) Stock, Analyst Ratings, Price Targets, Predictions
Paychex Inc has a consensus price target of $122.42, established from looking at the 67 latest analyst ratings. The last 3 analyst ratings were released from Barclays, Morgan Stanley, and RBC Capital on July 1, 2024, June 27, 2024, and June 27, 2024. With an average price target of $123.33 between Barclays, Morgan Stanley, and RBC Capital, there's an implied 4.18% upside for Paychex Inc from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Barclays
Morgan Stanley
RBC Capital
Baird
B of A Securities
1calculated from analyst ratings
Analyst Ratings for Paychex
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 07/01/2024 | Buy Now | -0.32% | Barclays | Ramsey El-Assal | $120 → $118 | Maintains | Equal-Weight | Get Alert |
| 06/27/2024 | Buy Now | 3.06% | Morgan Stanley | James Faucette | $125 → $122 | Maintains | Equal-Weight | Get Alert |
| 06/27/2024 | Buy Now | 9.82% | RBC Capital | Ashish Sabadra | $130 → $130 | Reiterates | Sector Perform → Sector Perform | Get Alert |
| 06/27/2024 | Buy Now | 4.75% | Baird | Mark Marcon | $126 → $124 | Maintains | Neutral | Get Alert |
| 06/27/2024 | Buy Now | -4.54% | B of A Securities | Jason Kupferberg | $111 → $113 | Maintains | Underperform | Get Alert |
| 05/21/2024 | Buy Now | 9.82% | RBC Capital | Ashish Sabadra | → $130 | Reiterates | Sector Perform → Sector Perform | Get Alert |
| 04/03/2024 | Buy Now | -6.23% | B of A Securities | Jason Kupferberg | $108 → $111 | Maintains | Underperform | Get Alert |
| 04/03/2024 | Buy Now | 2.21% | TD Cowen | Bryan Bergin | $122 → $121 | Maintains | Hold | Get Alert |
| 04/03/2024 | Buy Now | -2.86% | Wedbush | Moshe Katri | → $115 | Reiterates | Neutral → Neutral | Get Alert |
| 04/03/2024 | Buy Now | 9.82% | RBC Capital | Ashish Sabadra | → $130 | Reiterates | Sector Perform → Sector Perform | Get Alert |
| 03/26/2024 | Buy Now | -0.32% | Evercore ISI Group | David Togut | $118 → $118 | Maintains | In-Line | Get Alert |
| 12/26/2023 | Buy Now | 5.59% | Citigroup | Peter Christiansen | $130 → $125 | Maintains | Neutral | Get Alert |
| 12/22/2023 | Buy Now | 9.82% | Stifel | David Grossman | $124 → $130 | Maintains | Hold | Get Alert |
| 12/22/2023 | Buy Now | 6.44% | JP Morgan | Tien-Tsin Huang | $134 → $126 | Maintains | Underweight | Get Alert |
| 12/22/2023 | Buy Now | 9.82% | RBC Capital | Ashish Sabadra | → $130 | Reiterates | Sector Perform → Sector Perform | Get Alert |
| 12/22/2023 | Buy Now | 1.37% | Barclays | Ramsey El-Assal | $126 → $120 | Maintains | Equal-Weight | Get Alert |
| 12/22/2023 | Buy Now | 3.9% | TD Cowen | Bryan Bergin | $132 → $123 | Downgrade | Outperform → Market Perform | Get Alert |
| 12/14/2023 | Buy Now | — | Barclays | Ramsey El-Assal | — | Upgrade | Underweight → Equal-Weight | Get Alert |
| 11/07/2023 | Buy Now | 1.37% | UBS | Kevin Mcveigh | → $120 | Initiates | → Neutral | Get Alert |
| 09/28/2023 | Buy Now | 9.82% | RBC Capital | Gary Bisbee | → $130 | Reiterates | Sector Perform → Sector Perform | Get Alert |
| 09/28/2023 | Buy Now | 7.28% | Morgan Stanley | James Faucette | $125 → $127 | Maintains | Equal-Weight | Get Alert |
| 09/28/2023 | Buy Now | 10.66% | TD Cowen | Bryan Bergin | $130 → $131 | Maintains | Outperform | Get Alert |
| 09/28/2023 | Buy Now | -10.46% | B of A Securities | Jason Kupferberg | $103 → $106 | Maintains | Underperform | Get Alert |
| 09/26/2023 | Buy Now | -2.86% | Wedbush | Moshe Katri | → $115 | Reiterates | Neutral → Neutral | Get Alert |
| 09/05/2023 | Buy Now | 9.82% | RBC Capital | Gary Bisbee | → $130 | Initiates | → Sector Perform | Get Alert |
| 08/22/2023 | Buy Now | 13.19% | JP Morgan | Tien-Tsin Huang | $114 → $134 | Maintains | Underweight | Get Alert |
| 08/17/2023 | Buy Now | 9.82% | TD Cowen | Bryan Bergin | $123 → $130 | Maintains | Outperform | Get Alert |
| 07/03/2023 | Buy Now | 6.44% | Baird | Mark Marcon | $134 → $126 | Maintains | Neutral | Get Alert |
| 07/03/2023 | Buy Now | 5.59% | Morgan Stanley | James Faucette | $125 → $125 | Reiterates | Equal-Weight → Equal-Weight | Get Alert |
| 07/03/2023 | Buy Now | -10.46% | Barclays | Matt Ramsay | $109 → $106 | Maintains | Underweight | Get Alert |
| 06/30/2023 | Buy Now | 5.59% | Morgan Stanley | James Faucette | $125 → $125 | Reiterates | Equal-Weight → Equal-Weight | Get Alert |
| 06/30/2023 | Buy Now | -3.7% | JP Morgan | Tien-Tsin Huang | $123 → $114 | Maintains | Underweight | Get Alert |
| 06/13/2023 | Buy Now | 3.9% | TD Cowen | Bryan Bergin | $125 → $123 | Maintains | Outperform | Get Alert |
| 06/02/2023 | Buy Now | -2.86% | UBS | Rayna Kumar | → $115 | Initiates | → Neutral | Get Alert |
| 04/03/2023 | Buy Now | -7.92% | Barclays | Matt Ramsay | $105 → $109 | Maintains | Underweight | Get Alert |
| 04/03/2023 | Buy Now | -11.3% | B of A Securities | Jason Kupferberg | $119 → $105 | Downgrade | Neutral → Underperform | Get Alert |
| 03/30/2023 | Buy Now | 3.06% | Stifel | David Grossman | $119 → $122 | Maintains | Hold | Get Alert |
| 03/30/2023 | Buy Now | 3.9% | JP Morgan | Tien-Tsin Huang | $119 → $123 | Maintains | Underweight | Get Alert |
| 03/13/2023 | Buy Now | -11.3% | Barclays | Ramsey El-Assal | $110 → $105 | Maintains | Underweight | Get Alert |
| 01/17/2023 | Buy Now | -7.08% | Barclays | Ramsey El-Assal | $115 → $110 | Downgrade | Equal-Weight → Underweight | Get Alert |
| 12/23/2022 | Buy Now | 0.52% | JP Morgan | Tien-Tsin Huang | $121 → $119 | Maintains | Underweight | Get Alert |
| 12/23/2022 | Buy Now | 5.59% | Morgan Stanley | James Faucette | $130 → $125 | Maintains | Equal-Weight | Get Alert |
| 12/23/2022 | Buy Now | -2.86% | Barclays | Ramsey El-Assal | $127 → $115 | Maintains | Equal-Weight | Get Alert |
| 12/23/2022 | Buy Now | 1.37% | Jefferies | Samad Samana | $130 → $120 | Maintains | Hold | Get Alert |
| 09/29/2022 | Buy Now | 11.51% | Cowen & Co. | Bryan Bergin | $125 → $132 | Maintains | Outperform | Get Alert |
| 09/29/2022 | Buy Now | 16.57% | Credit Suisse | Kevin Mcveigh | $150 → $138 | Maintains | Outperform | Get Alert |
| 07/07/2022 | Buy Now | 5.59% | Citigroup | Peter Christiansen | $145 → $125 | Maintains | Neutral | Get Alert |
| 06/30/2022 | Buy Now | 14.04% | Cowen & Co. | Bryan Bergin | $140 → $135 | Maintains | Outperform | Get Alert |
| 06/30/2022 | Buy Now | 9.82% | Morgan Stanley | James Faucette | $140 → $130 | Maintains | Equal-Weight | Get Alert |
| 06/30/2022 | Buy Now | 3.9% | Deutsche Bank | Bryan Keane | $145 → $123 | Maintains | Hold | Get Alert |
| 06/30/2022 | Buy Now | 7.28% | Barclays | Ramsey El-Assal | $140 → $127 | Maintains | Equal-Weight | Get Alert |
| 06/30/2022 | Buy Now | 18.26% | Credit Suisse | Kevin Mcveigh | $165 → $140 | Maintains | Outperform | Get Alert |
| 06/21/2022 | Buy Now | 18.26% | Cowen & Co. | Bryan Bergin | $151 → $140 | Maintains | Outperform | Get Alert |
| 05/23/2022 | Buy Now | 9.82% | Jefferies | Samad Samana | $140 → $130 | Maintains | Hold | Get Alert |
| 04/06/2022 | Buy Now | 22.49% | Citigroup | Peter Christiansen | $140 → $145 | Maintains | Neutral | Get Alert |
| 03/31/2022 | Buy Now | 18.26% | Morgan Stanley | James Faucette | $135 → $140 | Maintains | Equal-Weight | Get Alert |
| 03/09/2022 | Buy Now | 5.59% | B of A Securities | Jason Kupferberg | → $125 | Upgrade | Underperform → Neutral | Get Alert |
| 01/11/2022 | Buy Now | 22.49% | Cowen & Co. | Bryan Bergin | $130 → $145 | Upgrade | Market Perform → Outperform | Get Alert |
| 12/23/2021 | Buy Now | 18.26% | Stifel | David Grossman | $118 → $140 | Maintains | Hold | Get Alert |
| 12/23/2021 | Buy Now | 14.04% | Morgan Stanley | James Faucette | $105 → $135 | Maintains | Equal-Weight | Get Alert |
| 12/23/2021 | Buy Now | 18.26% | Barclays | Ramsey El-Assal | $115 → $140 | Maintains | Equal-Weight | Get Alert |
| 10/06/2021 | Buy Now | 5.59% | Citigroup | Peter Christiansen | — | Downgrade | Buy → Neutral | Get Alert |
| 10/04/2021 | Buy Now | -11.3% | Morgan Stanley | James Faucette | — | Maintains | Equal-Weight | Get Alert |
| 10/04/2021 | Buy Now | -2.86% | Barclays | Ramsey El-Assal | — | Maintains | Equal-Weight | Get Alert |
| 10/01/2021 | Buy Now | -2.86% | Deutsche Bank | Bryan Keane | — | Maintains | Hold | Get Alert |
| 10/01/2021 | Buy Now | -11.3% | Morgan Stanley | James Faucette | — | Maintains | Equal-Weight | Get Alert |
| 08/17/2021 | Buy Now | -6.23% | JP Morgan | Tien-Tsin Huang | — | Maintains | Underweight | Get Alert |
FAQ
What is the target price for Paychex (PAYX) stock?
The latest price target for Paychex (NASDAQ:PAYX) was reported by Barclays on July 1, 2024. The analyst firm set a price target for $118.00 expecting PAYX to fall to within 12 months (a possible -0.32% downside). 27 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Paychex (PAYX)?
The latest analyst rating for Paychex (NASDAQ:PAYX) was provided by Barclays, and Paychex maintained their equal-weight rating.
When was the last upgrade for Paychex (PAYX)?
The last upgrade for Paychex Inc happened on December 14, 2023 when Barclays raised their price target to N/A. Barclays previously had an underweight for Paychex Inc.
When was the last downgrade for Paychex (PAYX)?
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.
When is the next analyst rating going to be posted or updated for Paychex (PAYX)?
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 July 1, 2024 so you should expect the next rating to be made available sometime around July 1, 2025.
Is the Analyst Rating Paychex (PAYX) correct?
While ratings are subjective and will change, the latest Paychex (PAYX) rating was a maintained with a price target of $120.00 to $118.00. The current price Paychex (PAYX) is trading at is $118.38, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.