Paycom Software Inc has a consensus price target of $240.61, established from looking at the 100 latest analyst ratings. The last 3 analyst ratings were released from JP Morgan, Piper Sandler, and BTIG on February 8, 2024, February 8, 2024, and February 6, 2024. With an average price target of $118.33 between JP Morgan, Piper Sandler, and BTIG, there's an implied -40.54% downside for Paycom Software Inc from these 3 analyst ratings.
1calculated from analyst ratings published within the last 3 years
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
---|---|---|---|---|---|---|---|---|---|---|---|
02/08/2024 | PAYC | Buy Now | Paycom Software | $199.01 | -17.09% | JP Morgan | Mark Murphy | $140 → $165 | Maintains | Neutral | Get Alert |
02/08/2024 | PAYC | Buy Now | Paycom Software | $199.01 | -4.53% | Piper Sandler | Arvind Ramnani | $185 → $190 | Maintains | Neutral | Get Alert |
02/06/2024 | PAYC | Buy Now | Paycom Software | $199.01 | — | BTIG | Matt VanVliet | — | Initiates | → Neutral | Get Alert |
01/31/2024 | PAYC | Buy Now | Paycom Software | $199.01 | -0.51% | Citigroup | Steven Enders | $205 → $198 | Maintains | Neutral | Get Alert |
01/10/2024 | PAYC | Buy Now | Paycom Software | $199.01 | 25.62% | UBS | Kevin Mcveigh | $235 → $250 | Maintains | Buy | Get Alert |
01/05/2024 | PAYC | Buy Now | Paycom Software | $199.01 | -2.01% | Jefferies | Samad Samana | → $195 | Downgrade | Buy → Hold | Get Alert |
12/01/2023 | PAYC | Buy Now | Paycom Software | $199.01 | -7.04% | Piper Sandler | Arvind Ramnani | → $185 | Reiterates | Neutral → Neutral | Get Alert |
11/07/2023 | PAYC | Buy Now | Paycom Software | $199.01 | 18.08% | UBS | Kevin Mcveigh | → $235 | Initiates | → Buy | Get Alert |
11/02/2023 | PAYC | Buy Now | Paycom Software | $199.01 | -7.04% | B of A Securities | Adam Bergere | $330 → $185 | Downgrade | Buy → Neutral | Get Alert |
11/01/2023 | PAYC | Buy Now | Paycom Software | $199.01 | -7.04% | Mizuho | Siti Panigrahi | $325 → $185 | Maintains | Neutral | Get Alert |
11/01/2023 | PAYC | Buy Now | Paycom Software | $199.01 | 0.5% | Barclays | Raimo Lenschow | $294 → $200 | Maintains | Equal-Weight | Get Alert |
11/01/2023 | PAYC | Buy Now | Paycom Software | $199.01 | -4.53% | BMO Capital | Daniel Jester | $320 → $190 | Maintains | Market Perform | Get Alert |
11/01/2023 | PAYC | Buy Now | Paycom Software | $199.01 | — | William Blair | Matthew Pfau | — | Downgrade | Outperform → Market Perform | Get Alert |
11/01/2023 | PAYC | Buy Now | Paycom Software | $199.01 | -5.03% | Citigroup | Steven Enders | $360 → $189 | Downgrade | Buy → Neutral | Get Alert |
11/01/2023 | PAYC | Buy Now | Paycom Software | $199.01 | -19.6% | Stifel | Brad Reback | $400 → $160 | Downgrade | Buy → Hold | Get Alert |
11/01/2023 | PAYC | Buy Now | Paycom Software | $199.01 | 1.5% | TD Cowen | Bryan Bergin | $331 → $202 | Downgrade | Outperform → Market Perform | Get Alert |
11/01/2023 | PAYC | Buy Now | Paycom Software | $199.01 | — | Needham | Joshua Reilly | — | Downgrade | Buy → Hold | Get Alert |
11/01/2023 | PAYC | Buy Now | Paycom Software | $199.01 | — | Keybanc | Jason Celino | — | Downgrade | Overweight → Sector Weight | Get Alert |
11/01/2023 | PAYC | Buy Now | Paycom Software | $199.01 | -12.06% | Deutsche Bank | Brad Zelnick | $400 → $175 | Downgrade | Buy → Hold | Get Alert |
The latest price target for Paycom Software (NYSE: PAYC) was reported by JP Morgan on February 8, 2024. The analyst firm set a price target for $165.00 expecting PAYC to fall to within 12 months (a possible -17.09% downside). 47 analyst firms have reported ratings in the last year.
The latest analyst rating for Paycom Software (NYSE: PAYC) was provided by JP Morgan, and Paycom Software maintained their neutral rating.
The last upgrade for Paycom Software Inc happened on March 30, 2023 when DA Davidson raised their price target to $350. DA Davidson previously had a neutral for Paycom Software Inc.
The last downgrade for Paycom Software Inc happened on January 5, 2024 when Jefferies changed their price target from N/A to $195 for Paycom Software Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Paycom Software, 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 Paycom Software was filed on February 8, 2024 so you should expect the next rating to be made available sometime around February 8, 2025.
While ratings are subjective and will change, the latest Paycom Software (PAYC) rating was a maintained with a price target of $140.00 to $165.00. The current price Paycom Software (PAYC) is trading at is $199.01, which is out of the analyst’s predicted range.
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