Paychex (PAYX) Stock Forecast, Price Target & Predictions
PAYX Stock Forecast
Paychex stock forecast is as follows: an average price target of $130.41 (represents a -9.49% downside from PAYX’s last price of $144.09) and a rating consensus of 'Hold', based on 12 wall street analysts offering a 1-year stock forecast.
PAYX Price Target
The average price target for Paychex (PAYX) is $130.41 based on 1-year price targets from 12 Wall Street analysts in the past 3 months, with a price target range of $145.00 to $115.00. This represents a potential -9.49% downside from PAYX's last price of $144.09.
PAYX Analyst Ratings
According to 12 Wall Street analysts, Paychex's rating consensus is 'Hold'. The analyst rating breakdown for PAYX stock is 0 'Strong Buy' (0.00%), 1 'Buy' (8.33%), 8 'Hold' (66.67%), 3 'Sell' (25.00%), 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 |
|---|---|---|---|---|---|---|
| Oct 02, 2024 | Kevin McVeigh | UBS | $142.00 | $141.65 | 0.25% | -1.45% |
| Sep 22, 2024 | Ramsey El-Assal | Barclays | $132.00 | $133.26 | -0.95% | -8.39% |
| Jun 28, 2024 | John Eade | Argus Research | $135.00 | $118.91 | 13.53% | -6.31% |
| Jun 27, 2024 | James Faucette | Morgan Stanley | $122.00 | $117.39 | 3.93% | -15.33% |
| Jun 27, 2024 | Mark Marcon | Robert W. Baird | $124.00 | $117.66 | 5.39% | -13.94% |
| Jun 26, 2024 | David Togut | Evercore ISI | $130.00 | $117.39 | 10.74% | -9.78% |
| Apr 02, 2024 | David Togut | Evercore ISI | $116.00 | $120.21 | -3.50% | -19.49% |
| Apr 01, 2024 | David Grossman | Stifel Nicolaus | $130.00 | $121.50 | 7.00% | -9.78% |
| Sep 27, 2023 | James Faucette | Morgan Stanley | $125.00 | $112.72 | 10.89% | -13.25% |
| Sep 27, 2023 | Moshe Katri | Wedbush | $115.00 | $112.72 | 2.02% | -20.19% |
The latest Paychex stock forecast, released on Oct 02, 2024 by Kevin McVeigh from UBS, set a price target of $142.00, which represents a 0.25% increase from the stock price at the time of the forecast ($141.65), and a -1.45% decrease from PAYX last price ($144.09).
Paychex Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 8 |
| Avg Price Target | - | $137.00 | $128.88 |
| Last Closing Price | $144.09 | $144.09 | $144.09 |
| Upside/Downside | -100.00% | -4.92% | -10.56% |
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 $144.09. 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 |
|---|---|---|---|---|
| Oct 02, 2024 | UBS | Neutral | Neutral | Hold |
| Oct 01, 2024 | Jefferies | Hold | Hold | Hold |
| Sep 30, 2024 | Citigroup | Underweight | Underweight | Hold |
| Sep 30, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Sep 25, 2024 | Citigroup | Neutral | Neutral | Hold |
| Sep 22, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| 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 |
Paychex's last stock rating was published by UBS on Oct 02, 2024. The company gave PAYX a "Neutral" 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 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.21B | $1.14B | - | - | $1.08B | $1.03B | - | - | $932.20M | $915.10M | - |
| Avg Forecast | $1.54B | $1.70B | $1.46B | $1.48B | $1.44B | $1.60B | $1.38B | $1.39B | $1.37B | $1.51B | $1.31B | $1.31B | $1.29B | $1.46B | $1.27B | $1.28B | $1.22B | $1.36B | $1.19B | $1.18B | $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 | $1.48B | $1.45B | $1.61B | $1.39B | $1.40B | $1.38B | $1.52B | $1.32B | $1.31B | $1.29B | $1.46B | $1.28B | $1.29B | $1.23B | $1.37B | $1.20B | $1.19B | $1.12B | $1.23B | $1.07B | $1.05B | $986.74M | $1.11B | $960.09M | $901.10M | $916.73M | $1.14B |
| Low Forecast | $1.54B | $1.69B | $1.46B | $1.47B | $1.44B | $1.59B | $1.38B | $1.38B | $1.37B | $1.51B | $1.31B | $1.31B | $1.29B | $1.46B | $1.26B | $1.28B | $1.22B | $1.36B | $1.19B | $1.18B | $1.10B | $1.22B | $1.06B | $1.04B | $977.37M | $1.10B | $950.97M | $892.54M | $908.02M | $1.13B |
| # Analysts | 4 | 5 | 6 | 4 | 4 | 4 | 4 | 3 | 7 | 9 | 9 | 4 | 5 | 9 | 10 | 5 | 5 | 8 | 4 | 4 | 4 | 7 | 5 | 5 | 5 | 8 | 13 | 8 | 8 | 13 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 1.03% | - | - | 1.04% | 1.05% | - | - | 1.04% | 1.00% | - |
Paychex's average Quarter revenue forecast for Dec 22 based on 4 analysts is $1.19B, with a low forecast of $1.19B, and a high forecast of $1.20B. 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 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 5 | 6 | 4 | 4 | 4 | 4 | 3 | 7 | 9 | 9 | 4 | 5 | 9 | 10 | 5 | 5 | 8 | 4 | 4 | 4 | 7 | 5 | 5 | 5 | 8 | 13 | 8 | 8 | 13 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $539.60M | $443.10M | - | - | $498.80M | $402.30M | - | - | $334.70M | $352.40M | - |
| Avg Forecast | $663.69M | $729.77M | $629.36M | $633.69M | $620.73M | $685.86M | $594.31M | $597.26M | $589.79M | $650.63M | $564.00M | $564.51M | $555.67M | $669.67M | $544.90M | $551.48M | $525.36M | $608.79M | $460.43M | $507.71M | $476.09M | $553.44M | $456.14M | $447.85M | $421.21M | $495.29M | $409.83M | $384.65M | $391.32M | $518.15M |
| High Forecast | $667.79M | $734.27M | $633.24M | $637.60M | $624.55M | $690.09M | $597.98M | $600.95M | $593.43M | $654.93M | $568.31M | $564.56M | $555.67M | $803.60M | $548.26M | $554.89M | $528.60M | $730.54M | $552.51M | $510.95M | $479.13M | $664.13M | $459.06M | $450.71M | $423.90M | $594.34M | $412.45M | $387.11M | $393.82M | $621.77M |
| Low Forecast | $661.12M | $726.94M | $626.91M | $631.23M | $618.32M | $683.20M | $592.01M | $594.94M | $587.50M | $648.10M | $561.81M | $564.47M | $555.67M | $535.73M | $540.61M | $549.34M | $523.32M | $487.03M | $368.34M | $506.10M | $474.57M | $442.75M | $454.70M | $446.43M | $419.87M | $396.23M | $408.53M | $383.43M | $390.08M | $414.52M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.06% | 0.93% | - | - | 1.11% | 0.96% | - | - | 0.87% | 0.90% | - |
4 analysts predict PAYX's average Quarter EBITDA for Dec 22 to be $460.43M, with a high of $552.51M and a low of $368.34M. This is -14.67% 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 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 5 | 6 | 4 | 4 | 4 | 4 | 3 | 7 | 9 | 9 | 4 | 5 | 9 | 10 | 5 | 5 | 8 | 4 | 4 | 4 | 7 | 5 | 5 | 5 | 8 | 13 | 8 | 8 | 13 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $379.20M | $296.40M | - | - | $333.60M | $263.00M | - | - | $211.60M | $220.70M | - |
| Avg Forecast | $480.92M | $605.34M | $459.76M | $468.30M | $457.52M | $568.02M | $435.12M | $447.70M | $436.68M | $534.80M | $407.16M | $411.97M | $397.95M | $471.51M | $388.59M | $405.95M | $351.60M | $428.65M | $314.99M | $350.92M | $287.93M | $389.68M | $288.74M | $289.84M | $242.35M | $335.26M | $238.87M | $199.73M | $217.96M | $350.81M |
| High Forecast | $484.78M | $610.19M | $463.45M | $472.06M | $461.19M | $572.57M | $438.60M | $451.29M | $440.18M | $542.02M | $410.77M | $412.22M | $398.02M | $565.82M | $395.85M | $409.20M | $354.42M | $514.38M | $377.98M | $353.83M | $290.32M | $467.62M | $291.14M | $292.25M | $244.36M | $402.31M | $240.85M | $201.38M | $219.77M | $420.97M |
| Low Forecast | $478.50M | $602.28M | $457.45M | $465.94M | $455.22M | $565.15M | $432.92M | $445.44M | $434.48M | $527.57M | $403.56M | $411.73M | $397.87M | $377.21M | $381.33M | $403.90M | $349.83M | $342.92M | $251.99M | $349.47M | $286.74M | $311.74M | $287.55M | $288.65M | $241.35M | $268.21M | $237.88M | $198.90M | $217.06M | $280.65M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.08% | 1.03% | - | - | 1.15% | 1.09% | - | - | 1.06% | 1.01% | - |
Paychex's average Quarter net income forecast for Dec 22 is $314.99M, with a range of $251.99M to $377.98M. PAYX's average Quarter net income forecast represents a -16.93% 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 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 5 | 6 | 4 | 4 | 4 | 4 | 3 | 7 | 9 | 9 | 4 | 5 | 9 | 10 | 5 | 5 | 8 | 4 | 4 | 4 | 7 | 5 | 5 | 5 | 8 | 13 | 8 | 8 | 13 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $359.60M | $390.30M | - | - | $327.50M | $359.60M | - | - | $341.10M | $323.80M | - |
| Avg Forecast | $484.08M | $532.27M | $459.03M | $462.19M | $452.74M | $500.24M | $433.47M | $435.62M | $430.17M | $474.54M | $411.36M | $411.74M | $405.29M | $395.21M | $397.43M | $402.23M | $383.18M | $359.28M | $319.35M | $370.30M | $347.24M | $326.62M | $332.70M | $326.65M | $307.22M | $301.02M | $298.92M | $280.55M | $285.42M | $328.84M |
| High Forecast | $487.06M | $535.56M | $461.86M | $465.04M | $455.53M | $503.33M | $436.14M | $438.31M | $432.82M | $477.69M | $414.50M | $411.77M | $405.29M | $474.25M | $399.88M | $404.72M | $385.54M | $431.14M | $383.22M | $372.67M | $349.46M | $391.94M | $334.82M | $328.74M | $309.18M | $361.22M | $300.83M | $282.34M | $287.24M | $394.61M |
| Low Forecast | $482.20M | $530.21M | $457.25M | $460.40M | $450.98M | $498.30M | $431.79M | $433.93M | $428.50M | $472.70M | $409.77M | $411.70M | $405.29M | $316.17M | $394.30M | $400.67M | $381.69M | $287.42M | $255.48M | $369.13M | $346.14M | $261.30M | $331.64M | $325.61M | $306.24M | $240.81M | $297.97M | $279.66M | $284.51M | $263.07M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.97% | 1.12% | - | - | 1.00% | 1.17% | - | - | 1.22% | 1.13% | - |
Paychex's average Quarter SG&A projection for Dec 22 is $319.35M, based on 4 Wall Street analysts, with a range of $255.48M to $383.22M. The forecast indicates a -11.19% fall 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 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 5 | 6 | 4 | 4 | 4 | 4 | 3 | 7 | 9 | 9 | 4 | 5 | 9 | 10 | 5 | 5 | 8 | 4 | 4 | 4 | 7 | 5 | 5 | 5 | 8 | 13 | 8 | 8 | 13 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.05 | $0.82 | - | - | $0.93 | $0.73 | - | - | $0.59 | $0.62 | - |
| Avg Forecast | $1.33 | $1.67 | $1.27 | $1.29 | $1.26 | $1.57 | $1.20 | $1.24 | $1.21 | $1.48 | $1.13 | $1.14 | $1.10 | $1.37 | $1.07 | $1.12 | $0.97 | $1.25 | $0.95 | $0.97 | $0.80 | $1.05 | $0.80 | $0.80 | $0.67 | $0.92 | $0.66 | $0.55 | $0.60 | $0.96 |
| High Forecast | $1.34 | $1.69 | $1.28 | $1.30 | $1.27 | $1.58 | $1.21 | $1.25 | $1.22 | $1.50 | $1.14 | $1.14 | $1.10 | $1.37 | $1.09 | $1.13 | $0.98 | $1.26 | $0.96 | $0.98 | $0.80 | $1.06 | $0.80 | $0.81 | $0.68 | $0.93 | $0.67 | $0.56 | $0.61 | $0.96 |
| Low Forecast | $1.32 | $1.66 | $1.26 | $1.29 | $1.26 | $1.56 | $1.20 | $1.23 | $1.20 | $1.46 | $1.12 | $1.14 | $1.10 | $1.37 | $1.05 | $1.12 | $0.97 | $1.24 | $0.95 | $0.97 | $0.79 | $1.04 | $0.79 | $0.80 | $0.67 | $0.92 | $0.66 | $0.55 | $0.60 | $0.95 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.08% | 1.03% | - | - | 1.16% | 1.09% | - | - | 1.07% | 1.03% | - |
According to 4 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 $0.96. 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 |
|---|---|---|---|---|---|
| HSON | Hudson Global | $14.24 | $42.50 | 198.46% | Buy |
| TBI | TrueBlue | $7.03 | $12.50 | 77.81% | Buy |
| UPWK | Upwork | $15.38 | $26.67 | 73.41% | Buy |
| KELYA | Kelly Services | $13.92 | $24.00 | 72.41% | - |
| NSP | Insperity | $73.84 | $115.80 | 56.83% | Buy |
| MAN | ManpowerGroup | $60.80 | $88.57 | 45.67% | Buy |
| KFRC | Kforce | $58.52 | $71.00 | 21.33% | Hold |
| KFY | Korn Ferry | $76.98 | $75.75 | -1.60% | Buy |
| RHI | Robert Half | $73.70 | $71.50 | -2.99% | Hold |
| PAYX | Paychex | $144.09 | $130.41 | -9.49% | Hold |
| HSII | Heidrick & Struggles | $46.59 | $42.00 | -9.85% | Hold |