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Paychex (PAYX) Stock Forecast, Price Target & Predictions

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PAYX Stock Forecast

Paychex stock forecast is as follows: an average price target of $130.83 (represents a -6.47% downside from PAYX’s last price of $139.88) 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 $130.83 based on 1-year price targets from 12 Wall Street analysts in the past 3 months, with a price target range of $142.00 to $122.00. This represents a potential -6.47% downside from PAYX's last price of $139.88.

PAYX Analyst Ratings

Hold

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 02, 2024Kevin McVeighUBS$142.00$141.650.25%1.52%
Sep 22, 2024Ramsey El-AssalBarclays$132.00$133.26-0.95%-5.63%
Jun 28, 2024John EadeArgus Research$135.00$118.9113.53%-3.49%
Jun 27, 2024James FaucetteMorgan Stanley$122.00$117.393.93%-12.78%
Jun 27, 2024Mark MarconRobert W. Baird$124.00$117.665.39%-11.35%
Jun 26, 2024David TogutEvercore ISI$130.00$117.3910.74%-7.06%
Apr 02, 2024David TogutEvercore ISI$116.00$120.21-3.50%-17.07%
Apr 01, 2024David GrossmanStifel Nicolaus$130.00$121.507.00%-7.06%
Sep 27, 2023Moshe KatriWedbush$115.00$112.722.02%-17.79%
Sep 27, 2023James FaucetteMorgan Stanley$125.00$112.7210.89%-10.64%
Sep 05, 2023Ashish SabadraRBC Capital$130.00$121.377.11%-7.06%
Dec 23, 2022J.P. Morgan$119.00$116.012.58%-14.93%
Dec 23, 2022Morgan Stanley$125.00$116.017.75%-10.64%
Dec 23, 2022Barclays$115.00$116.01-0.87%-17.79%
Dec 22, 2022Samad SamanaJefferies$120.00$112.186.97%-14.21%
Jun 30, 2022Kevin McveighCredit Suisse$140.00$113.8722.95%0.09%
Apr 11, 2022Peter ChristiansenCitigroup$145.00$136.845.96%3.66%
Mar 16, 2022Jason KupferbergBank of America Securities$125.00$124.550.36%-10.64%
Jan 12, 2022Bryan BerginCowen & Co.$145.00$128.2813.03%3.66%
Dec 23, 2021David TogutEvercore ISI$118.00$133.45-11.58%-15.64%
Dec 23, 2021Eugene SimuniMoffettNathanson$145.00$133.458.65%3.66%
Dec 23, 2021Ramsey El AssalBarclays$140.00$133.454.91%0.09%
Dec 23, 2021Kevin McveighCredit Suisse$165.00$133.4523.64%17.96%
Dec 22, 2021David GrossmanStifel Nicolaus$140.00$132.625.56%0.09%
Oct 01, 2021Jeffrey SilberBMO Capital$118.00$113.863.64%-15.64%
Jun 28, 2021David ColemanArgus Research$118.00$105.1012.27%-15.64%

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 1.52% increase from PAYX last price ($139.88).

Paychex Price Target by Period

1M3M12M
# Anlaysts-28
Avg Price Target-$137.00$128.88
Last Closing Price$139.88$139.88$139.88
Upside/Downside-100.00%-2.06%-7.86%

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 $139.88. 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

DateCompanyPrevious RatingNew RatingRating Change
Oct 02, 2024UBSNeutralNeutralHold
Oct 01, 2024JefferiesHoldHoldHold
Sep 30, 2024CitigroupUnderweightUnderweightHold
Sep 30, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Sep 25, 2024CitigroupNeutralNeutralHold
Sep 22, 2024BarclaysEqual-WeightEqual-WeightHold
Sep 12, 2024RBC CapitalSector PerformSector PerformHold
Sep 12, 2024Cowen & Co.HoldHoldHold
Aug 20, 2024RBC CapitalSector PerformSector PerformHold
Jun 27, 2024WedbushSector PerformSector PerformHold
Jun 27, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Jun 13, 2024WedbushNeutralNeutralHold
Jun 13, 2024RBC CapitalSector PerformSector PerformHold
Jun 12, 2024Bank of America SecuritiesUnderperformUnderperformHold
Jun 11, 2024Cowen & Co.HoldHoldHold
May 21, 2024WedbushSector PerformSector PerformHold
May 20, 2024RBC CapitalSector PerformSector PerformHold
Apr 03, 2024WedbushSector PerformSector PerformHold
Apr 03, 2024Cowen & Co.HoldHoldHold
Apr 03, 2024Bank of America SecuritiesUnderperformUnderperformHold
Apr 02, 2024Evercore ISIReduceReduceHold
Apr 01, 2024BarclaysEqual-WeightEqual-WeightHold
Apr 01, 2024CitigroupNeutralNeutralHold
Dec 26, 2023CitigroupNeutralNeutralHold
Dec 22, 2023Cowen & Co.OutperformMarket PerformDowngrade
Sep 28, 2023Cowen & Co.OutperformOutperformHold
Sep 28, 2023CitigroupUnderperformUnderperformHold
Sep 27, 2023Morgan StanleyEqual-WeightEqual-WeightHold
Sep 27, 2023WedbushNeutralNeutralHold
Sep 05, 2023RBC CapitalSector PerformInitialise
Dec 23, 2022BarclaysEqual-WeightEqual-WeightHold
Dec 23, 2022Morgan StanleyUnderweightUnderweightHold
Dec 23, 2022OppenheimerUnderweightUnderweightHold
Dec 22, 2022JefferiesHoldHoldHold
Dec 22, 2022Deutsche BankHoldHoldHold
Sep 29, 2022Credit SuisseOutperformOutperformHold
Jun 30, 2022Credit SuisseOutperformOutperformHold

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 27Mar 27Dec 26Aug 26May 26Mar 26Dec 25Aug 25May 25Mar 25Dec 24Aug 24May 24Mar 24Dec 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20May 20Mar 20
Revenue-------------------$1.21B$1.14B--$1.08B$1.03B--$932.20M$915.10M-
Avg Forecast$1.55B$1.70B$1.47B$1.48B$1.45B$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$1.34B$1.18B$1.11B$1.22B$1.06B$1.04B$980.48M$1.11B$954.00M$895.38M$910.91M$1.14B
High Forecast$1.56B$1.71B$1.48B$1.49B$1.46B$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$1.61B$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$1.39B$1.37B$1.51B$1.31B$1.31B$1.29B$1.46B$1.26B$1.28B$1.22B$1.36B$1.07B$1.18B$1.10B$1.22B$1.06B$1.04B$977.37M$1.10B$950.97M$892.54M$908.02M$1.13B
# Analysts456444437994591051416194475558138813
Surprise %-------------------1.02%1.03%--1.04%1.05%--1.04%1.00%-

Paychex's average Quarter revenue forecast for Dec 22 based on 19 analysts is $1.34B, with a low forecast of $1.07B, and a high forecast of $1.61B. PAYX's average Quarter revenue forecast represents a 11.23% increase compared to the company's last Quarter revenue of $1.21B (Aug 22).

Paychex EBITDA Forecast

May 27Mar 27Dec 26Aug 26May 26Mar 26Dec 25Aug 25May 25Mar 25Dec 24Aug 24May 24Mar 24Dec 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20May 20Mar 20
# Analysts456444437994591051416194475558138813
EBITDA-------------------$539.60M$443.10M--$498.80M$402.30M--$334.70M$352.40M-
Avg Forecast$664.10M$730.20M$629.93M$633.69M$621.43M$686.03M$594.74M$597.64M$590.23M$650.72M$563.98M$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$669.06M$735.65M$634.63M$638.42M$626.07M$691.15M$599.18M$602.10M$594.64M$655.03M$568.29M$564.56M$555.67M$803.60M$548.96M$555.60M$529.28M$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$661.27M$727.09M$627.24M$630.98M$618.78M$683.10M$592.20M$595.09M$587.71M$647.94M$561.58M$564.47M$555.67M$535.73M$540.61M$549.13M$523.12M$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%-

19 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 27Mar 27Dec 26Aug 26May 26Mar 26Dec 25Aug 25May 25Mar 25Dec 24Aug 24May 24Mar 24Dec 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20May 20Mar 20
# Analysts456444437994591051416194475558138813
Net Income-------------------$379.20M$296.40M--$333.60M$263.00M--$211.60M$220.70M-
Avg Forecast$481.30M$609.66M$460.43M$468.36M$459.04M$569.04M$435.22M$448.23M$435.12M$536.38M$406.53M$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$485.97M$615.57M$464.90M$472.91M$463.49M$574.56M$439.44M$452.57M$439.34M$543.63M$410.16M$412.22M$398.02M$565.82M$395.85M$409.89M$355.01M$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$478.63M$606.27M$457.88M$465.77M$456.49M$565.88M$432.80M$445.74M$432.71M$529.13M$404.27M$411.73M$397.87M$377.21M$381.33M$403.70M$349.65M$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 27Mar 27Dec 26Aug 26May 26Mar 26Dec 25Aug 25May 25Mar 25Dec 24Aug 24May 24Mar 24Dec 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20May 20Mar 20
# Analysts456444437994591051416194475558138813
SG&A-------------------$359.60M$390.30M--$327.50M$359.60M--$341.10M$323.80M-
Avg Forecast$484.37M$532.59M$459.45M$462.19M$453.25M$500.37M$433.78M$435.90M$430.50M$474.61M$411.35M$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$487.99M$536.56M$462.87M$465.64M$456.63M$504.10M$437.02M$439.15M$433.71M$477.76M$414.49M$411.77M$405.29M$474.25M$400.39M$405.24M$386.04M$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$482.31M$530.31M$457.49M$460.22M$451.32M$498.23M$431.93M$434.04M$428.66M$472.59M$409.59M$411.70M$405.29M$316.17M$394.30M$400.52M$381.54M$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 19 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 27Mar 27Dec 26Aug 26May 26Mar 26Dec 25Aug 25May 25Mar 25Dec 24Aug 24May 24Mar 24Dec 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20May 20Mar 20
# Analysts456444437994591051416194475558138813
EPS-------------------$1.05$0.82--$0.93$0.73--$0.59$0.62-
Avg Forecast$1.33$1.68$1.27$1.29$1.27$1.57$1.20$1.24$1.20$1.48$1.12$1.14$1.10$1.37$1.07$1.12$0.97$1.25$0.76$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$1.70$1.28$1.31$1.28$1.59$1.21$1.25$1.21$1.50$1.13$1.14$1.10$1.37$1.09$1.13$0.98$1.26$0.91$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$1.68$1.27$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$0.61$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 19 Wall Street analysts, Paychex's projected average Quarter EPS for Dec 22 is $0.76, with a low estimate of $0.61 and a high estimate of $0.91. This represents a -27.62% decrease compared to PAYX previous annual EPS of $1.05 (Aug 22).

Paychex Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
HSONHudson Global$14.62$42.50190.70%Buy
KELYAKelly Services$13.42$24.0078.84%
NSPInsperity$79.93$116.6745.97%Buy
TBITrueBlue$8.65$12.0038.73%Buy
MANManpowerGroup$59.00$72.5022.88%Buy
KFRCKforce$58.49$71.0021.39%Hold
KFYKorn Ferry$69.34$75.759.24%Buy
PAYXPaychex$140.28$130.83-6.74%Hold
RHIRobert Half$74.15$68.67-7.39%Hold
HSIIHeidrick & Struggles$45.45$42.00-7.59%Hold
UPWKUpwork$17.04$13.17-22.71%Buy

PAYX Forecast FAQ

Is Paychex a good buy?

No, according to 12 Wall Street analysts, Paychex (PAYX) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 8.33% of PAYX's total ratings.

What is PAYX's price target?

Paychex (PAYX) average price target is $130.83 with a range of $122 to $142, implying a -6.47% from its last price of $139.88. The data is based on 12 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 -6.47% (from the last price of $139.88 to the average price target of $130.83), up by 1.52% based on the highest stock price target, and down by -12.78% based on the lowest stock price target.

Can Paychex stock reach $200?

PAYX's average twelve months analyst stock price target of $130.83 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 $5.86B, low $5.79B), average EBITDA is $2.5B (high $2.52B, low $2.49B), average net income is $1.91B (high $1.93B, low $1.9B), average SG&A $1.82B (high $1.84B, low $1.82B), and average EPS is $5.28 (high $5.33, low $5.25). PAYX's analysts financial forecasts for the fiscal year (May 2027) are as follows: average revenue is $6.19B (high $6.23B, low $6.16B), average EBITDA is $2.66B (high $2.68B, low $2.65B), average net income is $2.02B (high $2.04B, low $2.01B), average SG&A $1.94B (high $1.95B, low $1.93B), and average EPS is $5.58 (high $5.64, low $5.55).

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 4.05%. Apple's EBITDA was $2.03B, beating the average prediction of $1.93B by 5.08%. The company's net income was $1.39B, beating the average estimation of $1.26B by 10.87%. Apple's SG&A was $1.42B, beating the average forecast of $1.33B by 6.17%. Lastly, the company's EPS was $3.86, beating the average prediction of $3.44 by 12.15%. In terms of the last quarterly report (Aug 2022), Paychex's revenue was $1.21B, beating the average analysts' forecast of $1.18B by 2.06%. The company's EBITDA was $539.6M, beating the average prediction of $507.71M by 6.28%. Paychex's net income was $379.2M, beating the average estimation of $350.92M by 8.06%. The company's SG&A was $359.6M, missing the average forecast of $370.3M by -2.89%. Lastly, the company's EPS was $1.05, beating the average prediction of $0.97 by 8.29%