Jefferies has maintained a “Hold” rating on Paycom Software (PAYC) but significantly lowered its price target to $130 from $190, a 31.58% reduction. This adjustment follows similar price target reductions by other analysts, reflecting a cautious outlook for the company, which provides human capital management software-as-a-service primarily to midsize U.S. businesses. Despite these adjustments, the average target price from 17 analysts suggests a 41.42% upside from the current price, with GuruFocus estimating a 129.79% upside based on its GF Value.
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Jefferies Adjusts Paycom Software (PAYC) Price Target to $130
Jefferies has maintained a “Hold” rating on Paycom Software (PAYC) but significantly lowered its price target to $130 from $190, a 31.58% reduction. This adjustment follows similar price target reductions by other analysts, reflecting a cautious outlook for the company, which provides human capital management software-as-a-service primarily to midsize U.S. businesses. Despite these adjustments, the average target price from 17 analysts suggests a 41.42% upside from the current price, with GuruFocus estimating a 129.79% upside based on its GF Value.