DA Davidson analyst Robert Simmons lowered the firm’s price target on Paycor HCM to $22 from $24 and keeps a Neutral rating on the shares. The company reported a “fine” quarter with record bookings but a 4th consecutive smaller earnings beat, with recurring revenue growth also slowing six percentage points, the analyst tells investors in a research note. While there is upside to numbers, it is likely not enough to drive the stock materially higher from here, the firm added.
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Read More on PYCR:
- Paycor HCM price target lowered to $24 from $27 at BMO Capital
- Paycor HCM price target lowered to $26 from $28 at Citi
- Paycor HCM price target lowered to $22 from $24 at Mizuho
- Paycor HCM price target lowered to $32 from $42 at JMP Securities
- Paycor HCM sees FY24 revenue $644M-$650M, consensus $549.14M
