Paychex, Inc. (PAYX)

Paychex Stock Forecast

Stock Price Forecast

The 10 analysts that cover Paychex stock have a consensus rating of "Hold" and an average price target of $152.7, which forecasts a 3.18% increase in the stock price over the next year. The lowest target is $140 and the highest is $165.

Price Target: $152.7 (+3.18%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$140	$152.7	$155	$165
Change	-5.40%	+3.18%	+4.74%	+11.49%

Analyst Ratings

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

Recommendation Trends

Rating	Feb '25	Mar '25	Apr '25	May '25	Jun '25	Jul '25
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	0	0
Hold	11	10	10	10	9	9
Sell	2	2	2	2	2	1
Strong Sell	0	0	0	0	0	0
Total	13	12	12	12	11	10

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Daniel Jester BMO Capital	BMO Capital	Hold Initiates $160	Hold	Initiates	$160	+8.12%	Jul 10, 2025
James Faucette Morgan Stanley	Morgan Stanley	Hold Maintains $150 → $148	Hold	Maintains	$150 → $148	+0.01%	Jun 27, 2025
David Grossman Stifel	Stifel	Hold Maintains $156 → $152	Hold	Maintains	$156 → $152	+2.71%	Jun 26, 2025
Kevin Mcveigh UBS	UBS	Hold Maintains $155 → $145	Hold	Maintains	$155 → $145	-2.02%	Jun 26, 2025
Samad Samana Jefferies	Jefferies	Hold Maintains $155 → $140	Hold	Maintains	$155 → $140	-5.40%	Jun 26, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

6.67B

Increased by 19.77%

from 5.57B

Revenue Next Year

7.11B

Increased by 6.55%

from 6.67B

EPS This Year

5.56

Increased by 21.49%

from 4.58

EPS Next Year

6.01

Increased by 7.92%

from 5.56

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027	FY 2028
Period Ending	May 31, 2021	May 31, 2022	May 31, 2023	May 31, 2024	May 31, 2025	May 31, 2026	May 31, 2027	May 31, 2028
Revenue	4.06B	4.61B	5.01B	5.28B	5.57B	6.67B	7.11B	7.39B
Revenue Growth	0.40%	13.68%	8.57%	5.42%	5.56%	19.77%	6.55%	3.94%
EPS	3.03	3.84	4.30	4.67	4.58	5.56	6.01	6.51
EPS Growth	-0.33%	26.73%	11.98%	8.61%	-1.93%	21.49%	7.92%	8.37%
Forward PE	-	-	-	-	-	26.60	24.64	22.74
No. Analysts	-	-	-	-	-	19	19	5

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027	2028
High	6.9B	7.6B	8.1B
Avg	6.7B	7.1B	7.4B
Low	6.4B	6.7B	6.4B

Revenue Growth

Revenue Growth	2026	2027	2028
High	24.6%	13.3%	13.8%
Avg	19.8%	6.5%	3.9%
Low	14.2%	1.0%	-9.5%

EPS Forecast

EPS	2026	2027	2028
High	5.76	6.27	6.72
Avg	5.56	6.01	6.51
Low	5.33	5.64	6.23

EPS Growth

EPS Growth	2026	2027	2028
High	25.9%	12.7%	11.9%
Avg	21.5%	7.9%	8.4%
Low	16.4%	1.3%	3.8%

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.