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Paychex, Inc. (PAYX)
NASDAQ: PAYX · IEX Real-Time Price · USD
119.97
-2.00 (-1.64%)
Apr 26, 2024, 4:00 PM EDT - Market closed

Paychex Stock Forecast

Stock Price Forecast

The 15 analysts with 12-month price forecasts for Paychex stock have an average target of 121.33, with a low estimate of 106 and a high estimate of 130. The average target predicts an increase of 1.13% from the current stock price of 119.97.

Analyst Consensus: Hold
Target Low Average Median High
Price $106 $121.33 $121 $130
Change -11.64% +1.13% +0.86% +8.36%

Analyst Ratings

The average analyst rating for Paychex stock from 15 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating Nov '23Dec '23Jan '24Feb '24Mar '24Apr '24
Strong Buy 000000
Buy 100000
Hold 81111111212
Sell 433333
Strong Sell 000000
Total 131414141515

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Jason Kupferberg
B of A Securities
 B of A Securities
Sell
Maintains
$108 → $111
 Sell Maintains $108 → $111 -7.48% Apr 3, 2024
Bryan Bergin
TD Cowen
 TD Cowen
Hold
Maintains
$122 → $121
 Hold Maintains $122 → $121 +0.86% Apr 3, 2024
Moshe Katri
Wedbush
 Wedbush
Hold
Reiterates
$115
 Hold Reiterates $115 -4.14% Apr 3, 2024
Ashish Sabadra
RBC Capital
 RBC Capital
Hold
Reiterates
$130
 Hold Reiterates $130 +8.36% Apr 3, 2024
David Togut
Evercore ISI Group
 Evercore ISI Group
Hold
Maintains
$118
 Hold Maintains $118 -1.64% Mar 26, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
5.39B
from 5.01B
Increased by 7.57%
Revenue Next Year
5.67B
from 5.39B
Increased by 5.24%
EPS This Year
4.80
from 4.30
Increased by 11.61%
EPS Next Year
5.08
from 4.80
Increased by 5.87%
Year 2019202020212022202320242025202620272028
Revenue
3.77B4.04B4.06B4.61B5.01B5.39B5.67B6.00B6.58B6.99B
Revenue Growth
11.69%7.10%0.40%13.68%8.57%7.57%5.24%5.82%9.75%6.17%
EPS
2.863.043.033.844.304.805.085.416.026.44
EPS Growth
4.00%6.29%-0.33%26.73%11.98%11.61%5.87%6.42%11.30%6.95%
No. Analysts -----22221633
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 5.6B 5.9B 6.3B 6.8B 7.2B
Avg 5.4B 5.7B 6.0B 6.6B 7.0B
Low 5.1B 5.4B 5.7B 6.3B 6.7B

Revenue Growth

Revenue Growth 20242025202620272028
High
11.7%
10.1%
10.9%
13.0%
9.3%
Avg
7.6%
5.2%
5.8%
9.8%
6.2%
Low
2.5%
0.5%
0.2%
5.5%
2.0%

EPS Forecast

EPS 20242025202620272028
High 4.97 5.41 5.74 6.20 6.63
Avg 4.80 5.08 5.41 6.02 6.44
Low 4.56 4.75 5.10 5.78 6.18

EPS Growth

EPS Growth 20242025202620272028
High
15.6%
12.7%
13.0%
14.6%
10.1%
Avg
11.6%
5.9%
6.4%
11.3%
6.9%
Low
6.0%
-1.0%
0.3%
6.9%
2.8%
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.