KeyBanc raised the firm’s price target on Paycom (PAYC) to $270 from $245 to reflect higher confidence, while keeping an Overweight rating on the shares. The firm notes Paycom reported a modest $6M beat in Q1 recurring revenue, on better execution; the company saw a meaningful increase in booked sales and units sold.
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Read More on PAYC:
- Paycom price target raised to $240 from $221 at Barclays
- Stable Outlook for Paycom Amid Strong Performance and Growth Challenges
- Paycom: Solid Performance and Growth Prospects Balanced by Valuation Concerns – Hold Rating Justified
- Paycom Software Reports Strong Q1 2025 Results
- Paycom management to meet virtually with KeyBanc