Paychex (PAYX) Stock Forecast, Price Target & Predictions
PAYX Stock Forecast
Paychex stock forecast is as follows: an average price target of $128.63 (represents a -4.78% downside from PAYX’s last price of $135.09) and a rating consensus of 'Hold', based on 11 wall street analysts offering a 1-year stock forecast.
PAYX Price Target
The average price target for Paychex (PAYX) is $128.63 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $145.00 to $115.00. This represents a potential -4.78% downside from PAYX's last price of $135.09.
PAYX Analyst Ratings
According to 11 Wall Street analysts, Paychex's rating consensus is 'Hold'. The analyst rating breakdown for PAYX stock is 0 'Strong Buy' (0.00%), 1 'Buy' (9.09%), 8 'Hold' (72.73%), 2 'Sell' (18.18%), and 0 'Strong Sell' (0.00%).
Paychex Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jun 28, 2024 | John Eade | Argus Research | $135.00 | $118.91 | 13.53% | -0.07% |
| Jun 27, 2024 | James Faucette | Morgan Stanley | $122.00 | $117.39 | 3.93% | -9.69% |
| Jun 27, 2024 | Mark Marcon | Robert W. Baird | $124.00 | $117.66 | 5.39% | -8.21% |
| Jun 26, 2024 | David Togut | Evercore ISI | $130.00 | $117.39 | 10.74% | -3.77% |
| Apr 02, 2024 | David Togut | Evercore ISI | $116.00 | $120.21 | -3.50% | -14.13% |
| Apr 01, 2024 | David Grossman | Stifel Nicolaus | $130.00 | $121.50 | 7.00% | -3.77% |
| Sep 27, 2023 | Moshe Katri | Wedbush | $115.00 | $112.72 | 2.02% | -14.87% |
| Sep 27, 2023 | James Faucette | Morgan Stanley | $125.00 | $112.72 | 10.89% | -7.47% |
| Sep 05, 2023 | Ashish Sabadra | RBC Capital | $130.00 | $121.37 | 7.11% | -3.77% |
| Dec 23, 2022 | - | J.P. Morgan | $119.00 | $116.01 | 2.58% | -11.91% |
The latest Paychex stock forecast, released on Jun 28, 2024 by John Eade from Argus Research, set a price target of $135.00, which represents a 13.53% increase from the stock price at the time of the forecast ($118.91), and a -0.07% decrease from PAYX last price ($135.09).
Paychex Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 4 | 8 |
| Avg Price Target | - | $127.75 | $124.63 |
| Last Closing Price | $135.09 | $135.09 | $135.09 |
| Upside/Downside | -100.00% | -5.43% | -7.74% |
In the current month, the average price target of Paychex stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Paychex's last price of $135.09. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 12, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Sep 12, 2024 | Cowen & Co. | Hold | Hold | Hold |
| Aug 20, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Jun 27, 2024 | Wedbush | Sector Perform | Sector Perform | Hold |
| Jun 27, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Jun 13, 2024 | Wedbush | Neutral | Neutral | Hold |
| Jun 13, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Jun 12, 2024 | Bank of America Securities | Underperform | Underperform | Hold |
| Jun 11, 2024 | Cowen & Co. | Hold | Hold | Hold |
| May 21, 2024 | Wedbush | Sector Perform | Sector Perform | Hold |
Paychex's last stock rating was published by RBC Capital on Sep 12, 2024. The company gave PAYX a "Sector Perform" rating, the same as its previous rate.
Paychex Financial Forecast
Paychex Revenue Forecast
| May 27 | Mar 27 | Dec 26 | Aug 26 | May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Nov 21 | Aug 21 | May 21 | Mar 21 | Nov 20 | Aug 20 | May 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.21B | $1.14B | - | $1.11B | $1.08B | $1.03B | - | $983.70M | $932.20M | $915.10M | - |
| Avg Forecast | $1.55B | $1.71B | $1.47B | $1.47B | $1.45B | $1.60B | $1.38B | $1.39B | $1.37B | $1.52B | $1.31B | $1.31B | $1.29B | $1.46B | $1.27B | $1.28B | $1.22B | $1.36B | $1.19B | $1.15B | $1.11B | $1.22B | $1.06B | $1.04B | $980.48M | $1.11B | $954.00M | $895.38M | $910.91M | $1.14B |
| High Forecast | $1.55B | $1.71B | $1.47B | $1.47B | $1.45B | $1.60B | $1.38B | $1.39B | $1.37B | $1.52B | $1.31B | $1.32B | $1.29B | $1.46B | $1.27B | $1.28B | $1.22B | $1.36B | $1.19B | $1.38B | $1.33B | $1.22B | $1.07B | $1.05B | $983.68M | $1.11B | $957.11M | $898.30M | $913.89M | $1.14B |
| Low Forecast | $1.55B | $1.71B | $1.47B | $1.47B | $1.45B | $1.60B | $1.38B | $1.39B | $1.37B | $1.52B | $1.31B | $1.31B | $1.29B | $1.46B | $1.26B | $1.28B | $1.22B | $1.36B | $1.19B | $917.40M | $886.21M | $1.21B | $1.05B | $1.03B | $971.86M | $1.10B | $945.61M | $887.51M | $902.90M | $1.13B |
| # Analysts | 4 | 5 | 6 | 4 | 4 | 4 | 4 | 3 | 7 | 3 | 4 | 9 | 7 | 9 | 10 | 5 | 5 | 8 | 9 | 16 | 10 | 7 | 9 | 9 | 9 | 8 | 6 | 6 | 6 | 6 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 1.03% | - | 1.04% | 1.04% | 1.05% | - | 1.03% | 1.04% | 1.00% | - |
Paychex's average Quarter revenue forecast for Dec 22 based on 9 analysts is $1.19B, with a low forecast of $1.19B, and a high forecast of $1.19B. PAYX's average Quarter revenue forecast represents a -1.36% decrease compared to the company's last Quarter revenue of $1.21B (Aug 22).
Paychex EBITDA Forecast
| May 27 | Mar 27 | Dec 26 | Aug 26 | May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Nov 21 | Aug 21 | May 21 | Mar 21 | Nov 20 | Aug 20 | May 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 5 | 6 | 4 | 4 | 4 | 4 | 3 | 7 | 3 | 4 | 9 | 7 | 9 | 10 | 5 | 5 | 8 | 9 | 16 | 10 | 7 | 9 | 9 | 9 | 8 | 6 | 6 | 6 | 6 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $539.60M | $443.10M | - | $485.30M | $498.80M | $402.30M | - | $407.20M | $334.70M | $352.40M | - |
| Avg Forecast | $666.50M | $732.61M | $631.89M | $631.30M | $621.26M | $686.92M | $593.79M | $596.49M | $590.37M | $651.76M | $563.51M | $564.52M | $555.67M | $669.67M | $544.90M | $551.48M | $525.36M | $608.79M | $511.12M | $494.49M | $435.68M | $553.44M | $418.57M | $449.54M | $372.28M | $495.29M | $364.01M | $286.02M | $346.53M | $518.15M |
| High Forecast | $666.50M | $732.61M | $631.89M | $631.30M | $621.26M | $686.92M | $593.79M | $596.49M | $590.37M | $651.76M | $563.51M | $568.83M | $555.67M | $803.60M | $544.90M | $551.48M | $525.36M | $730.54M | $511.12M | $593.39M | $522.82M | $664.13M | $502.29M | $539.44M | $446.73M | $594.34M | $436.81M | $343.22M | $415.83M | $621.77M |
| Low Forecast | $666.50M | $732.61M | $631.89M | $631.30M | $621.26M | $686.92M | $593.79M | $596.49M | $590.37M | $651.76M | $563.51M | $564.52M | $555.67M | $535.73M | $540.61M | $551.48M | $525.36M | $487.03M | $511.12M | $395.59M | $348.55M | $442.75M | $334.86M | $359.63M | $297.82M | $396.23M | $291.21M | $228.81M | $277.22M | $414.52M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.09% | 1.02% | - | 1.16% | 1.11% | 1.08% | - | 1.12% | 1.17% | 1.02% | - |
9 analysts predict PAYX's average Quarter EBITDA for Dec 22 to be $511.12M, with a high of $511.12M and a low of $511.12M. This is -5.28% lower than Paychex's previous annual EBITDA (Aug 22) of $539.60M.
Paychex Net Income Forecast
| May 27 | Mar 27 | Dec 26 | Aug 26 | May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Nov 21 | Aug 21 | May 21 | Mar 21 | Nov 20 | Aug 20 | May 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 5 | 6 | 4 | 4 | 4 | 4 | 3 | 7 | 3 | 4 | 9 | 7 | 9 | 10 | 5 | 5 | 8 | 9 | 16 | 10 | 7 | 9 | 9 | 9 | 8 | 6 | 6 | 6 | 6 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $379.20M | $296.40M | - | $332.00M | $333.60M | $263.00M | - | $272.40M | $211.60M | $220.70M | - |
| Avg Forecast | $494.54M | $601.54M | $471.16M | $459.39M | $458.08M | $569.60M | $439.94M | $441.33M | $434.65M | $535.93M | $416.04M | $411.71M | $397.84M | $471.51M | $388.48M | $405.84M | $351.51M | $428.65M | $344.85M | $330.72M | $288.90M | $389.68M | $286.35M | $300.65M | $243.37M | $335.26M | $243.51M | $180.82M | $217.02M | $350.81M |
| High Forecast | $494.54M | $601.54M | $471.16M | $459.39M | $458.08M | $569.60M | $439.94M | $441.33M | $434.65M | $535.93M | $416.04M | $422.55M | $397.84M | $565.82M | $395.74M | $405.84M | $351.51M | $514.38M | $344.85M | $396.86M | $346.68M | $467.62M | $343.62M | $360.78M | $292.05M | $402.31M | $292.21M | $216.99M | $260.43M | $420.97M |
| Low Forecast | $494.54M | $601.54M | $471.16M | $459.39M | $458.08M | $569.60M | $439.94M | $441.33M | $434.65M | $535.93M | $416.04M | $408.10M | $397.84M | $377.21M | $381.22M | $405.84M | $351.51M | $342.92M | $344.85M | $264.57M | $231.12M | $311.74M | $229.08M | $240.52M | $194.70M | $268.21M | $194.81M | $144.66M | $173.62M | $280.65M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.15% | 1.03% | - | 1.16% | 1.11% | 1.08% | - | 1.12% | 1.17% | 1.02% | - |
Paychex's average Quarter net income forecast for Dec 22 is $344.85M, with a range of $344.85M to $344.85M. PAYX's average Quarter net income forecast represents a -9.06% decrease compared to the company's last Quarter net income of $379.20M (Aug 22).
Paychex SG&A Forecast
| May 27 | Mar 27 | Dec 26 | Aug 26 | May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Nov 21 | Aug 21 | May 21 | Mar 21 | Nov 20 | Aug 20 | May 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 5 | 6 | 4 | 4 | 4 | 4 | 3 | 7 | 3 | 4 | 9 | 7 | 9 | 10 | 5 | 5 | 8 | 9 | 16 | 10 | 7 | 9 | 9 | 9 | 8 | 6 | 6 | 6 | 6 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $359.60M | $390.30M | - | $336.60M | $327.50M | $359.60M | - | $309.50M | $341.10M | $323.80M | - |
| Avg Forecast | $486.12M | $534.34M | $460.88M | $460.45M | $453.12M | $501.01M | $433.09M | $435.06M | $430.60M | $475.37M | $411.01M | $411.75M | $405.29M | $395.21M | $397.43M | $402.23M | $383.18M | $359.28M | $372.79M | $324.67M | $380.42M | $326.62M | $290.32M | $295.15M | $332.76M | $301.02M | $276.67M | $291.49M | $318.40M | $328.84M |
| High Forecast | $486.12M | $534.34M | $460.88M | $460.45M | $453.12M | $501.01M | $433.09M | $435.06M | $430.60M | $475.37M | $411.01M | $414.89M | $405.29M | $474.25M | $397.43M | $402.23M | $383.18M | $431.14M | $372.79M | $389.60M | $456.50M | $391.94M | $348.38M | $354.19M | $399.32M | $361.22M | $332.01M | $349.78M | $382.08M | $394.61M |
| Low Forecast | $486.12M | $534.34M | $460.88M | $460.45M | $453.12M | $501.01M | $433.09M | $435.06M | $430.60M | $475.37M | $411.01M | $411.75M | $405.29M | $316.17M | $394.30M | $402.23M | $383.18M | $287.42M | $372.79M | $259.74M | $304.34M | $261.30M | $232.25M | $236.12M | $266.21M | $240.81M | $221.34M | $233.19M | $254.72M | $263.07M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.11% | 1.03% | - | 1.16% | 1.11% | 1.08% | - | 1.12% | 1.17% | 1.02% | - |
Paychex's average Quarter SG&A projection for Dec 22 is $372.79M, based on 9 Wall Street analysts, with a range of $372.79M to $372.79M. The forecast indicates a 3.67% rise compared to PAYX last annual SG&A of $359.60M (Aug 22).
Paychex EPS Forecast
| May 27 | Mar 27 | Dec 26 | Aug 26 | May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Nov 21 | Aug 21 | May 21 | Mar 21 | Nov 20 | Aug 20 | May 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 5 | 6 | 4 | 4 | 4 | 4 | 3 | 7 | 3 | 4 | 9 | 7 | 9 | 10 | 5 | 5 | 8 | 9 | 16 | 10 | 7 | 9 | 9 | 9 | 8 | 6 | 6 | 6 | 6 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.05 | $0.82 | - | $0.92 | $0.93 | $0.73 | - | $0.76 | $0.59 | $0.62 | - |
| Avg Forecast | $1.37 | $1.66 | $1.30 | $1.27 | $1.27 | $1.57 | $1.22 | $1.22 | $1.20 | $1.48 | $1.15 | $1.14 | $1.10 | $1.37 | $1.07 | $1.12 | $0.97 | $1.25 | $0.95 | $0.80 | $0.77 | $1.05 | $0.80 | $0.80 | $0.67 | $0.92 | $0.66 | $0.55 | $0.60 | $0.96 |
| High Forecast | $1.37 | $1.66 | $1.30 | $1.27 | $1.27 | $1.57 | $1.22 | $1.22 | $1.20 | $1.48 | $1.15 | $1.17 | $1.10 | $1.37 | $1.09 | $1.12 | $0.97 | $1.25 | $0.95 | $0.97 | $0.92 | $1.05 | $0.80 | $0.80 | $0.67 | $0.92 | $0.66 | $0.55 | $0.60 | $0.96 |
| Low Forecast | $1.37 | $1.66 | $1.30 | $1.27 | $1.27 | $1.57 | $1.22 | $1.22 | $1.20 | $1.48 | $1.15 | $1.13 | $1.10 | $1.37 | $1.05 | $1.12 | $0.97 | $1.25 | $0.95 | $0.64 | $0.62 | $1.04 | $0.79 | $0.79 | $0.66 | $0.91 | $0.65 | $0.55 | $0.60 | $0.94 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.31% | 1.06% | - | 1.15% | 1.16% | 1.09% | - | 1.15% | 1.07% | 1.03% | - |
According to 9 Wall Street analysts, Paychex's projected average Quarter EPS for Dec 22 is $0.95, with a low estimate of $0.95 and a high estimate of $0.95. This represents a -9.22% decrease compared to PAYX previous annual EPS of $1.05 (Aug 22).
Paychex Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| UPWK | Upwork | $10.24 | $28.75 | 180.76% | Buy |
| HSON | Hudson Global | $16.25 | $42.50 | 161.54% | Buy |
| TBI | TrueBlue | $7.66 | $12.50 | 63.19% | Buy |
| MAN | ManpowerGroup | $71.46 | $93.43 | 30.74% | Buy |
| NSP | Insperity | $88.48 | $114.50 | 29.41% | Strong Sell |
| KFRC | Kforce | $62.40 | $71.00 | 13.78% | Hold |
| KELYA | Kelly Services | $21.14 | $24.00 | 13.53% | - |
| RHI | Robert Half | $63.14 | $68.67 | 8.76% | Hold |
| KFY | Korn Ferry | $71.92 | $75.75 | 5.33% | Buy |
| HSII | Heidrick & Struggles | $37.50 | $38.50 | 2.67% | Hold |
| PAYX | Paychex | $135.09 | $128.63 | -4.78% | Hold |
PAYX Forecast FAQ
Is Paychex a good buy?
No, according to 11 Wall Street analysts, Paychex (PAYX) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 9.09% of PAYX's total ratings.
What is PAYX's price target?
Paychex (PAYX) average price target is $128.63 with a range of $115 to $145, implying a -4.78% from its last price of $135.09. The data is based on 11 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Paychex stock go up soon?
According to Wall Street analysts' prediction for PAYX stock, the company can go down by -4.78% (from the last price of $135.09 to the average price target of $128.63), up by 7.34% based on the highest stock price target, and down by -14.87% based on the lowest stock price target.
Can Paychex stock reach $200?
PAYX's average twelve months analyst stock price target of $128.63 does not support the claim that Paychex can reach $200 in the near future.
What are Paychex's analysts' financial forecasts?
Paychex's analysts financial forecasts for the fiscal year (May 2026) are as follows: average revenue is $5.82B (high $5.82B, low $5.82B), average EBITDA is $2.5B (high $2.5B, low $2.5B), average net income is $1.91B (high $1.91B, low $1.91B), average SG&A $1.82B (high $1.82B, low $1.82B), and average EPS is $5.28 (high $5.28, low $5.28). PAYX's analysts financial forecasts for the fiscal year (May 2027) are as follows: average revenue is $6.2B (high $6.2B, low $6.2B), average EBITDA is $2.66B (high $2.66B, low $2.66B), average net income is $2.03B (high $2.03B, low $2.03B), average SG&A $1.94B (high $1.94B, low $1.94B), and average EPS is $5.6 (high $5.6, low $5.6).
Did the PAYX's actual financial results beat the analysts' financial forecasts?
Based on Paychex's last annual report (May 2022), the company's revenue was $4.61B, beating the average analysts forecast of $4.43B by 4.06%. Apple's EBITDA was $2.03B, beating the average prediction of $1.86B by 9.40%. The company's net income was $1.39B, beating the average estimation of $1.27B by 10.05%. Apple's SG&A was $1.42B, beating the average forecast of $1.29B by 9.51%. Lastly, the company's EPS was $3.86, beating the average prediction of $3.42 by 12.99%. In terms of the last quarterly report (Aug 2022), Paychex's revenue was $1.21B, beating the average analysts' forecast of $1.15B by 5.18%. The company's EBITDA was $539.6M, beating the average prediction of $494.49M by 9.12%. Paychex's net income was $379.2M, beating the average estimation of $330.72M by 14.66%. The company's SG&A was $359.6M, beating the average forecast of $324.67M by 10.76%. Lastly, the company's EPS was $1.05, beating the average prediction of $0.8 by 31.25%