BMO Capital raised the firm’s price target on Paycom (PAYC) to $197 from $183 and keeps a Market Perform rating on the shares. Against relatively low expectations, the upside in the quarter to 11% revenue growth was better than expected with underlying business conditions sounding similar to peers, while its EBITDA was much stronger, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PAYC: