Citigroup lowered its price target for Paycom Software (NYSE:PAYC) from $185 to $128, maintaining a “neutral” rating, following multiple firms trimming targets after the company’s weak 2026 revenue guidance. Although Paycom slightly beat Q4 estimates, its cautious outlook for the current year triggered a selloff, pushing the stock near 52-week lows. Despite these concerns, a study highlighted strong ROI from Paycom’s AI product “IWant,” and high institutional ownership may contribute to long-term stability.
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Citigroup Has Lowered Expectations for Paycom Software (NYSE:PAYC) Stock Price
Citigroup lowered its price target for Paycom Software (NYSE:PAYC) from $185 to $128, maintaining a “neutral” rating, following multiple firms trimming targets after the company’s weak 2026 revenue guidance. Although Paycom slightly beat Q4 estimates, its cautious outlook for the current year triggered a selloff, pushing the stock near 52-week lows. Despite these concerns, a study highlighted strong ROI from Paycom’s AI product “IWant,” and high institutional ownership may contribute to long-term stability.