Based on 6 Wall Street analysts offering 12 month price targets for Paychex in the last 3 months. The average price target is $120.20 with a high forecast of $130.00 and a low forecast of $105.00. The average price target represents a -2.12% change from the last price of $122.80.

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<span style=\"color:#912767\" class=\"mb3 mt2 fonth8_semibold\"> Moderate Sell</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 0,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 2, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#912767","enabled":true,"symbol":"circle"}},{"y":105.76,"date":1680825600000,"info":" <span style=\"color:#912767\" class=\"mb3 mt2 fonth8_semibold\"> Moderate Sell</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 1,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 2, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 4</span>\n      ","marker":{"lineColor":"#912767","enabled":true,"symbol":"circle"}},{"y":104.59,"date":1683244800000,"info":" <span style=\"color:#912767\" class=\"mb3 mt2 fonth8_semibold\"> Moderate Sell</span>\n  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style=\"color:#199ca5\">Buy 1,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 3, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 3</span>\n      ","marker":{"lineColor":"#912767","enabled":true,"symbol":"circle"}},{"y":120.29,"date":1691107200000,"info":" <span style=\"color:#912767\" class=\"mb3 mt2 fonth8_semibold\"> Moderate Sell</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 1,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 3, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 3</span>\n      ","marker":{"lineColor":"#912767","enabled":true,"symbol":"circle"}},{"y":120.58,"date":1693526400000,"info":" <span style=\"color:#912767\" class=\"mb3 mt2 fonth8_semibold\"> Moderate Sell</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 1,\t&nbsp; </span>\n              <span  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Highest Price Target$130.00

Average Price Target$120.20

Lowest Price Target$105.00

The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts

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J.P. Morgan

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Reiterated

03/26/24

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Evercore ISI

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Reiterated

03/26/24

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Robert W. Baird

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Reiterated

03/22/24

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TD Cowen

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Assigned

03/08/24

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RBC Capital

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Reiterated

03/01/24

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Bank of America Securities

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Reiterated

01/30/24

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Citi

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Reiterated

12/26/23

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Morgan Stanley

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Reiterated

12/22/23

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Stifel Nicolaus

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Assigned

12/22/23

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Barclays

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Reiterated

12/22/23

Darrin Peller

Wolfe Research

$113.00

Sell

-7.98%

Downside

Reiterated

12/21/23

Recommendation to Sell Paychex Shares Amid Revenue Miss and Shifting Labor Market Trends

Samad Samana

Jefferies

$120.00

Hold

-2.28%

Downside

Reiterated

12/21/23

Paychex: Hold Rating Affirmed Amidst Revenue Shortfall and Revised Forecasts

Kevin Mcveigh

UBS

$120.00

Hold

-2.28%

Downside

Initiated

11/07/23

Paychex initiated with a Neutral at UBSPaychex initiated with a Neutral at UBS

Unknown Analyst

Not Ranked

Argus Research

$130.00

Buy

5.86%

Upside

Reiterated

10/03/23

Paychex price target raised to $130 from $125 at ArgusPaychex price target raised to $130 from $125 at Argus

Best Analysts Covering Paychex

Which Analyst Should I Follow If I Want to Buy PAYX and Sell After:

1 Month

Jason KupferbergBank of America Securities

Success Rate

10/18 ratings generated profit

Average Return

+0.32%

reiterated a sell rating 3 months ago

Copying Jason Kupferberg's trades and holding each position for 1 Month would result in 55.56% of your transactions generating a profit, with an average return of +0.32% per trade.

dummydummy

Success Rate

0/0 ratings generated profit

Average Return

0.00%

a rating ―

Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.

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3 Months

Tien Tsin HuangJ.P. Morgan

Success Rate

5/14 ratings generated profit

Average Return

-2.17%

reiterated a sell rating 24 days ago

Copying Tien Tsin Huang's trades and holding each position for 3 Months would result in 35.71% of your transactions generating a profit, with an average return of -2.17% per trade.

dummydummy

Success Rate

0/0 ratings generated profit

Average Return

0.00%

a rating ―

Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.

Premium Content

Find out which analyst has the highest Average Return & Success Rate

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1 Year

Jason KupferbergBank of America Securities

Success Rate

5/18 ratings generated profit

Average Return

-7.21%

reiterated a sell rating 3 months ago

Copying Jason Kupferberg's trades and holding each position for 1 Year would result in 27.78% of your transactions generating a profit, with an average return of -7.21% per trade.

2 Years

Tien Tsin HuangJ.P. Morgan

Success Rate

2/14 ratings generated profit

Average Return

-11.99%

reiterated a sell rating 24 days ago

Copying Tien Tsin Huang's trades and holding each position for 2 Years would result in 14.29% of your transactions generating a profit, with an average return of -11.99% per trade.

dummydummy

Success Rate

0/0 ratings generated profit

Average Return

0.00%

a rating ―

Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.

Premium Content

Find out which analyst has the highest Average Return & Success Rate

Go Premium

The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.

PAYX Analyst Recommendation Trends

Rating

Oct 23

Nov 23

Dec 23

Jan 24

Mar 24

Strong Buy

Buy

Hold

Sell

Strong Sell

total

In the current month, PAYX has received 1 Buy Ratings, 16 Hold Ratings, and 5 Sell Ratings. PAYX average Analyst price target in the past 3 months is $120.20.

Each month's total comprises the sum of three months' worth of ratings.

Stocks with the Highest Top Analyst Consensus in the Industrial Goods Sector

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Find stocks in the Industrial Goods sector that are highly recommended by Top Performing Analysts.

PAYX Financial Forecast

PAYX Earnings Forecast

Next quarter’s earnings estimate for PAYX is $1.37 with a range of $1.28 to $1.39. The previous quarter’s EPS was $1.08. PAYX beat its EPS estimate 75.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 64.37% of the time in the same period. In the last calendar year PAYX has Outperformed its overall industry.

PAYX Sales Forecast

Next quarter’s sales forecast for PAYX is $1.46B with a range of $1.43B to $1.47B. The previous quarter’s sales results were $1.26B. PAYX beat its sales estimates 75.00% of the time in past 12 months, while its overall industry beat sales estimates 61.16% of the time in the same period. In the last calendar year PAYX has Outperformed its overall industry.

PAYX Stock Forecast FAQ

What is PAYX’s average 12-month price target, according to analysts?

Based on analyst ratings, Paychex’s 12-month average price target is $120.20.

What is PAYX’s upside potential, based on the analysts’ average price target?

Currently there's no upside potential for PAYX, based on the analysts’ average price target.

Can I see which stocks the top-ranking analysts are rating?

Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.

How can I follow the stock ratings of top Wall Street analysts?

Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.

Is PAYX a Buy, Sell or Hold?

Paychex has a conensus rating of Moderate Sell which is based on 0 buy ratings, 4 hold ratings and 2 sell ratings.

What is Paychex’s price target?

The average price target for Paychex is $120.20. This is based on 6 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $130.00 ,the lowest forecast is $105.00. The average price target represents -2.12% Decrease from the current price of $122.8.

What do analysts say about Paychex?

Paychex’s analyst rating consensus is a Moderate Sell. This is based on the ratings of 6 Wall Streets Analysts.

How can I buy shares of PAYX?

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Paychex (PAYX) Stock Forecast & Price Target

PAYX Analyst Ratings

PAYX Stock 12 Month Forecast

Average Price Target

Detailed List of Analyst Forecasts​

Best Analysts Covering Paychex

PAYX Analyst Recommendation Trends

PAYX Financial Forecast

PAYX Earnings Forecast

PAYX Sales Forecast

PAYX Stock Forecast FAQ

Get More with TipRanks Premium

Detailed List of Analyst Forecasts