TipRanksStock Market NewsPAYC NewsOppenheimer Thinks Paycom’s Stock is Going to Recover

Oppenheimer Thinks Paycom’s Stock is Going to Recover

Oppenheimer analyst Brian Schwartz maintained a Buy rating on Paycom (PAYCResearch Report) today and set a price target of $350.00. The company’s shares closed last Tuesday at $288.46, close to its 52-week low of $278.37.

According to TipRanks.com, Schwartz is a top 25 analyst with an average return of 25.2% and a 67.0% success rate. Schwartz covers the Technology sector, focusing on stocks such as Clearwater Analytics Holdings, Zeta Global Holdings Corp, and Qualtrics International.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Paycom with a $416.86 average price target, a 42.6% upside from current levels. In a report issued on April 22, Wolfe Research also maintained a Buy rating on the stock with a $380.00 price target.

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Paycom’s market cap is currently $17.37B and has a P/E ratio of 85.74.

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Incorporated in 1998, Oklahoma-based Paycom Software, Inc. provides cloud-based human capital management (HCM) software services for small to mid-sized companies in the United States.

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