On Oct 31, major Wall Street analysts update their ratings for $Paycom Software (PAYC.US)$, with price targets ranging from $175 to $196.
Citi analyst Steve Enders maintains with a hold rating, and adjusts the target price from $172 to $196.
Barclays analyst Raimo Lenschow maintains with a hold rating, and adjusts the target price from $172 to $181.
Jefferies analyst Samad Samana maintains with a hold rating, and adjusts the target price from $170 to $175.
TD Cowen analyst Jared Levine maintains with a hold rating, and adjusts the target price from $188 to $180.
Oppenheimer analyst Brian Schwartz maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Paycom Software (PAYC.US)$'s main analysts recently are as follows:
The firm perceives an uptick in investor sentiment following the company's third-quarter report.
The company exhibited a robust performance in the third quarter, and its sales activity showed further improvement past September. Nonetheless, a cautious stance is maintained until there is greater confidence in the trajectory of forward estimates, potentially including a final adjustment leading into 2025.
Paycom's recent performance surpassed expectations for total revenue and EBITDA. Although the projected revenue for Q4 was slightly below consensus, it appears that investors were anticipating this outcome, according to discussions.
Here are the latest investment ratings and price targets for $Paycom Software (PAYC.US)$ from 9 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
