Paychex, Inc. (PAYX)
NASDAQ: PAYX · IEX Real-Time Price · USD
122.68
-1.56 (-1.26%)
At close: Jul 19, 2024, 4:00 PM
122.65
-0.03 (-0.02%)
Pre-market: Jul 20, 2024, 9:29 AM EDT
Paychex Stock Forecast
Stock Price Forecast
The 13 analysts with 12-month price forecasts for Paychex stock have an average target of 122.46, with a low estimate of 113 and a high estimate of 130. The average target predicts a decrease of -0.18% from the current stock price of 122.68.
Analyst Consensus: Hold
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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 11 | 12 | 12 | 12 | 11 | 11 |
| Sell | 3 | 3 | 3 | 3 | 3 | 2 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 14 | 15 | 15 | 15 | 14 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Hold Maintains $120 → $118 | Hold | Maintains | $120 → $118 | -3.81% | Jul 1, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $125 → $122 | Hold | Maintains | $125 → $122 | -0.55% | Jun 27, 2024 |
| RBC Capital | RBC Capital | Hold Reiterates $130 | Hold | Reiterates | $130 | +5.97% | Jun 27, 2024 |
| Baird | Baird | Hold Maintains $126 → $124 | Hold | Maintains | $126 → $124 | +1.08% | Jun 27, 2024 |
| B of A Securities | B of A Securities | Sell Maintains $111 → $113 | Sell | Maintains | $111 → $113 | -7.89% | Jun 27, 2024 |
Financial Forecast
Revenue This Year
5.66B
from 5.28B
Increased by 7.23%
Revenue Next Year
5.99B
from 5.66B
Increased by 5.90%
EPS This Year
5.07
from 4.67
Increased by 8.65%
EPS Next Year
5.41
from 5.07
Increased by 6.56%
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 5.9B | 6.3B | 6.6B | 7.0B | 7.4B |
| Avg | 5.7B | 6.0B | 6.4B | 6.8B | 7.2B |
| Low | 5.4B | 5.7B | 6.2B | 6.5B | 6.9B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 12.0% | 11.0% | 10.3% | 9.1% | 9.0% |
| Avg | 7.2% | 5.9% | 7.1% | 6.0% | 5.9% |
| Low | 2.5% | 0.3% | 2.9% | 1.9% | 1.8% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 5.30 | 5.74 | 6.10 | 6.52 | 6.95 |
| Avg | 5.07 | 5.41 | 5.93 | 6.33 | 6.75 |
| Low | 4.75 | 5.10 | 5.69 | 6.09 | 6.49 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 13.5% | 13.2% | 12.8% | 10.0% | 9.7% |
| Avg | 8.7% | 6.6% | 9.6% | 6.9% | 6.6% |
| Low | 1.8% | 0.4% | 5.3% | 2.7% | 2.4% |
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.