Paychex Stock Forecast

Stock Price Forecast

According to 18 analysts polled by S&P Global, Paychex stock has a consensus rating of "Hold" and an average price target of $106.57. The average 1-year stock price forecast is 0.29% higher than the current stock price, while the lowest is $90 (-15.30%) and the highest is $140 (+31.75%).

Price Target: $106.57 (+0.29%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$90	$106.57	$105	$140
Change	-15.30%	+0.29%	-1.19%	+31.75%

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 '26	Mar '26	Apr '26	May '26	Jun '26	Jul '26
Strong Buy	1	1	1	1	2	2
Buy	1	0	0	1	1	0
Hold	12	14	14	13	11	12
Sell	1	1	1	1	1	1
Strong Sell	3	3	3	3	3	3
Total	18	19	19	19	18	18

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
James Faucette Morgan Stanley	Morgan Stanley	Hold Maintains $107 → $109	Hold	Maintains	$107 → $109	+2.58%	Jun 30, 2026
Ramsey El Assal Cantor Fitzgerald	Cantor Fitzgerald	Sell Maintains $90	Sell	Maintains	$90	-15.30%	Jun 29, 2026
Kevin Mcveigh UBS	UBS	Hold Maintains $100 → $98	Hold	Maintains	$100 → $98	-7.77%	Jun 25, 2026
Jacob Smith CFA Guggenheim	Guggenheim	Hold Maintains n/a	Hold	Maintains	n/a	n/a	Jun 25, 2026
Daniel Jester BMO Capital	BMO Capital	Hold Maintains $103	Hold	Maintains	$103	-3.07%	Jun 25, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

6.86B

from 6.51B

5.41%

from 6.51B

Revenue Next Year

7.24B

from 6.86B

5.46%

from 6.86B

EPS This Year

5.97

from 5.51

8.31%

from 5.51

EPS Next Year

6.39

from 5.97

7.10%

from 5.97

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	May 31, 2022	May 31, 2023	May 31, 2024	May 31, 2025	May 31, 2026	May 31, 2027
Revenue	4.61B	5.01B	5.28B	5.57B	6.51B	6.86B
Revenue Growth	13.68%	8.57%	5.42%	5.56%	16.88%	5.41%
Gross Profit	3.26B	3.55B	3.80B	4.03B	4.84B	5.17B
Gross Margin	70.59%	70.98%	71.97%	72.35%	74.29%	75.32%
Operating Income	1.84B	2.03B	2.17B	2.33B	2.57B	3.01B
Net Income	1.39B	1.56B	1.69B	1.66B	1.76B	2.02B
EPS	-	-	-	-	5.51	5.97
EPS Growth	-	-	-	-	10.64%	8.31%
Forward PE	31.21	23.25	24.55	30.00	16.83	17.81
Dividend / Share	2.77	3.26	3.65	4.02	4.43	4.85
Dividend Growth	-	17.69%	11.96%	10.14%	10.20%	9.51%
Free Cash Flow	1.55B	1.55B	1.35B	1.51B	2.08B	2.37B
No. Analysts	-	-	-	-	-	17

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue	2027	2028	2029
High	6.9B
Avg	6.9B
Low	6.9B

Revenue Growth

Revenue Growth	2027	2028	2029
High	5.7%
Avg	5.4%
Low	5.3%

EPS Forecast

EPS	2027	2028	2029
High	6.00
Avg	5.97
Low	5.94

EPS Growth

EPS Growth	2027	2028	2029
High	8.9%
Avg	8.3%
Low	7.8%