Paychex, Inc. (PAYX)
NASDAQ: PAYX · Real-Time Price · USD
141.83
+1.17 (0.83%)
At close: Nov 20, 2024, 4:00 PM
141.91
+0.08 (0.06%)
After-hours: Nov 20, 2024, 4:38 PM EST

Paychex Stock Forecast

Stock Price Forecast

The 13 analysts with 12-month price forecasts for Paychex stock have an average target of 131.62, with a low estimate of 113 and a high estimate of 148. The average target predicts a decrease of -7.20% from the current stock price of 141.83.

Analyst Consensus: Hold
Target Low Average Median High
Price $113 $131.62 $132 $148
Change -20.33% -7.20% -6.93% +4.35%

Analyst Ratings

The average analyst rating for Paychex stock from 13 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating Jun '24Jul '24Aug '24Sep '24Oct '24Nov '24
Strong Buy 000000
Buy 000000
Hold 101010101111
Sell 332222
Strong Sell 000000
Total 131312121313

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
JP Morgan
JP Morgan
Sell
Maintains
$133$139
Sell Maintains $133$139 -2.00% Nov 19, 2024
TD Cowen
TD Cowen
Hold
Maintains
$126$131
Hold Maintains $126$131 -7.64% Oct 2, 2024
Stifel
Stifel
Hold
Maintains
$130$141
Hold Maintains $130$141 -0.59% Oct 2, 2024
Jefferies
Jefferies
Hold
Maintains
$120$130
Hold Maintains $120$130 -8.34% Oct 2, 2024
RBC Capital
RBC Capital
Hold
Maintains
$130$148
Hold Maintains $130$148 +4.35% Oct 2, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
5.63B
from 5.28B
Increased by 6.68%
Revenue Next Year
5.94B
from 5.63B
Increased by 5.47%
EPS This Year
5.09
from 4.67
Increased by 8.91%
EPS Next Year
5.39
from 5.09
Increased by 6.04%
Fiscal Year FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027
Period Ending May 31, 2020 May 31, 2021 May 31, 2022 May 31, 2023 May 31, 2024 May 31, 2025 May 31, 2026 May 31, 2027
Revenue
4.04B4.06B4.61B5.01B5.28B5.63B5.94B6.28B
Revenue Growth
7.10%0.40%13.68%8.57%5.42%6.68%5.47%5.74%
EPS
3.043.033.844.304.675.095.395.73
EPS Growth
6.29%-0.33%26.73%11.98%8.60%8.91%6.04%6.17%
Forward PE
-----27.8926.3024.77
No. Analysts -----212013
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20252026202720282029
High 5.8B 6.2B 6.6B
Avg 5.6B 5.9B 6.3B
Low 5.4B 5.6B 5.9B

Revenue Growth

Revenue Growth 20252026202720282029
High
10.3%
9.5%
10.6%
Avg
6.7%
5.5%
5.7%
Low
2.1%
0.2%
-1.1%

EPS Forecast

EPS 20252026202720282029
High 5.30 5.64 6.07
Avg 5.09 5.39 5.73
Low 4.83 5.09 5.34

EPS Growth

EPS Growth 20252026202720282029
High
13.5%
10.9%
12.5%
Avg
8.9%
6.0%
6.2%
Low
3.5%
0.0%
-1.0%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.