Jefferies lowered the firm’s price target on Paycom (PAYC) to $190 from $225 and keeps a Hold rating on the shares. Management maintained prior 2025 targets, making the Q4 starting point in line with consensus, but the firm thinks investors “might be a bit disappointed” in the lack of an upward revision given the positive commentary during the quarter, the analyst says in a post-earnings note. The firm thinks the stock will draw limited interest until investors get clarity on 2026 growth expectations, the analyst added.
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