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 -5.68% from the current stock price of 139.54.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$113	$131.62	$132	$148
Change	-19.02%	-5.68%	-5.40%	+6.06%

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	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	0	0
Hold	10	10	10	11	11	11
Sell	3	2	2	2	2	2
Strong Sell	0	0	0	0	0	0
Total	13	12	12	13	13	13

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Ashish Sabadra RBC Capital	RBC Capital	Hold Reiterates $148	Hold	Reiterates	$148	+6.06%	Dec 20, 2024
Tien-Tsin Huang JP Morgan	JP Morgan	Sell Maintains $133 → $139	Sell	Maintains	$133 → $139	-0.39%	Nov 19, 2024
Bryan Bergin TD Cowen	TD Cowen	Hold Maintains $126 → $131	Hold	Maintains	$126 → $131	-6.12%	Oct 2, 2024
David Grossman Stifel	Stifel	Hold Maintains $130 → $141	Hold	Maintains	$130 → $141	+1.05%	Oct 2, 2024
Samad Samana Jefferies	Jefferies	Hold Maintains $120 → $130	Hold	Maintains	$120 → $130	-6.84%	Oct 2, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

5.63B

from 5.28B

6.70%

from 5.28B

Revenue Next Year

5.94B

from 5.63B

5.47%

from 5.63B

EPS This Year

5.09

from 4.67

8.94%

from 4.67

EPS Next Year

5.40

from 5.09

6.08%

from 5.09

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	4.04B	4.06B	4.61B	5.01B	5.28B	5.63B	5.94B	6.28B
Revenue Growth	7.10%	0.40%	13.68%	8.57%	5.42%	6.70%	5.47%	5.74%
EPS	3.04	3.03	3.84	4.30	4.67	5.09	5.40	5.73
EPS Growth	6.29%	-0.33%	26.73%	11.98%	8.60%	8.94%	6.08%	6.17%
Forward PE	-	-	-	-	-	27.43	25.86	24.35
No. Analysts	-	-	-	-	-	21	20	13

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

Revenue Forecast

Revenue	2025	2026	2027
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	2025	2026	2027
High	10.3%	9.5%	10.5%
Avg	6.7%	5.5%	5.7%
Low	2.1%	0.1%	-1.1%

EPS Forecast

EPS	2025	2026	2027
High	5.30	5.64	6.07
Avg	5.09	5.40	5.73
Low	4.83	5.09	5.34

EPS Growth

EPS Growth	2025	2026	2027
High	13.5%	10.8%	12.5%
Avg	8.9%	6.1%	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.