On May 12, 2025, KeyBanc analyst Jason Celino announced updates to the investment bank's outlook on Paycom Software (PAYC, Financial). The firm maintained its "Overweight" rating on the stock, signaling continued confidence in the company's potential for strong performance.
In addition to reaffirming the current rating, KeyBanc has increased its price target for Paycom Software from $270.00 to $285.00. This adjustment represents a 5.56% uptick, reflecting positive expectations for the company's future financial results and market position.
The price target adjustment for Paycom Software (PAYC, Financial) is denominated in USD and indicates KeyBanc's optimism towards Paycom's valuation. Investors and market watchers may view this update as an encouraging sign of Paycom's business prospects.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Paycom Software Inc (PAYC, Financial) is $240.14 with a high estimate of $285.00 and a low estimate of $211.00. The average target implies an downside of 5.93% from the current price of $255.29. More detailed estimate data can be found on the Paycom Software Inc (PAYC) Forecast page.
Based on the consensus recommendation from 20 brokerage firms, Paycom Software Inc's (PAYC, Financial) average brokerage recommendation is currently 2.7, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Paycom Software Inc (PAYC, Financial) in one year is $275.78, suggesting a upside of 8.03% from the current price of $255.29. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Paycom Software Inc (PAYC) Summary page.
