NASDAQ:PAYX - Paychex Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $109.18
  • Forecasted Upside: -12.05 %
  • Number of Analysts: 14
  • Breakdown:
  • 3 Sell Ratings
  • 9 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
$124.13
▲ +1.75 (1.43%)

This chart shows the closing price for PAYX by one month, three months, or twelve months.

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Analyst Price Target for PAYX

Analyst Price Target is $109.18
▼ -12.05% Downside Potential
This price target is based on 14 analysts offering 12 month price targets for Paychex in the last 3 months. The average price target is $109.18, with a high forecast of $125.00 and a low forecast of $81.00. The average price target represents a -12.05% upside from the last price of $124.13.

This chart shows the closing price for PAYX for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 14 investment analysts is to hold stock in Paychex. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 1 buy ratings
  • 9 hold ratings
  • 3 sell ratings
4/30/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 9 hold ratings
  • 2 sell ratings
7/29/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 9 hold ratings
  • 2 sell ratings
10/27/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 9 hold ratings
  • 3 sell ratings
1/25/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 8 hold ratings
  • 3 sell ratings
4/25/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 8 hold ratings
  • 3 sell ratings
7/24/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 8 hold ratings
  • 3 sell ratings
9/22/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 9 hold ratings
  • 3 sell ratings
10/22/2021

Latest Recommendations

  • 0 strong buy ratings
  • 2 buy ratings
  • 9 hold ratings
  • 3 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
10/13/2021CitigroupLower Price TargetBuy ➝ Neutral$125.00Medium
10/5/2021CitigroupDowngradeBuy ➝ Neutral$121.00 ➝ $125.00Medium
10/4/2021BarclaysBoost Price TargetEqual Weight$106.00 ➝ $115.00Low
10/4/2021Robert W. BairdBoost Price TargetPositive ➝ Neutral$111.00 ➝ $120.00Low
10/1/2021BMO Capital MarketsBoost Price TargetMarket Perform$112.00 ➝ $118.00High
10/1/2021Morgan StanleyBoost Price TargetEqual Weight$97.00 ➝ $105.00Medium
10/1/2021Deutsche Bank AktiengesellschaftBoost Price TargetHold$103.00 ➝ $115.00High
9/30/2021Stifel NicolausBoost Price TargetIn-Line ➝ Hold$114.00 ➝ $118.00High
8/17/2021JPMorgan Chase & Co.Boost Price TargetUnderweight$105.00 ➝ $111.00Medium
7/2/2021Wolfe ResearchBoost Price TargetUnderperform$94.00 ➝ $105.00Low
6/30/2021CitigroupBoost Price TargetBuy$105.00 ➝ $121.00Low
6/28/2021CowenBoost Price TargetPositive ➝ Market Perform$96.00 ➝ $106.00Medium
6/28/2021ArgusBoost Price TargetBuy$106.00 ➝ $118.00Medium
6/28/2021Morgan StanleyBoost Price TargetEqual Weight$90.00 ➝ $97.00Low
6/28/2021BMO Capital MarketsBoost Price TargetMarket Perform$96.00 ➝ $108.00Medium
6/28/2021Deutsche Bank AktiengesellschaftBoost Price TargetHold$98.00 ➝ $103.00Medium
6/28/2021BarclaysBoost Price TargetEqual Weight$99.00 ➝ $106.00Medium
6/25/2021Jefferies Financial GroupBoost Price TargetPositive ➝ Hold$95.00 ➝ $115.00Low
4/13/2021Wolfe ResearchReiterated RatingPeer Perform ➝ Underperform$94.00N/A
4/7/2021The Goldman Sachs GroupBoost Price TargetSell$85.00 ➝ $89.00Medium
4/7/2021Morgan StanleyLower Price TargetEqual Weight$91.00 ➝ $90.00Medium
4/7/2021Robert W. BairdBoost Price TargetOutperform$82.00 ➝ $94.00Low
4/7/2021ArgusBoost Price TargetBuy$103.00 ➝ $105.00Low
4/7/2021BMO Capital MarketsBoost Price TargetMarket Perform$93.00 ➝ $96.00Low
4/7/2021Wolfe ResearchDowngradeMarket Perform ➝ Underperform$94.00Low
1/5/2021Smith Barney CitigroupBoost Price Target$93.00 ➝ $105.00N/A
1/4/2021Deutsche Bank AktiengesellschaftBoost Price TargetHold$81.00 ➝ $98.00N/A
1/4/2021ArgusBoost Price TargetBuy$92.00 ➝ $103.00N/A
12/28/2020Moffett NathansonBoost Price Target$100.00 ➝ $105.00N/A
12/28/2020Bank of AmericaBoost Price Target$70.00 ➝ $81.00N/A
12/28/2020Wolfe ResearchBoost Price TargetMarket Perform$78.00 ➝ $92.00N/A
12/24/2020BMO Capital MarketsBoost Price TargetMarket Perform$82.00 ➝ $93.00N/A
12/24/2020Morgan StanleyBoost Price TargetEqual Weight$76.00 ➝ $91.00N/A
12/23/2020Jefferies Financial GroupReiterated RatingPositive ➝ Hold$85.00 ➝ $95.00N/A
12/18/2020Wells Fargo & CompanyInitiated CoverageOverweight$105.00Medium
10/15/2020ArgusBoost Price Target$83.00 ➝ $92.00Low
10/12/2020BarclaysBoost Price TargetEqual Weight$73.00 ➝ $83.00Medium
10/8/2020CitigroupUpgradeNeutral ➝ Buy$75.00 ➝ $93.00Low
10/7/2020BMO Capital MarketsBoost Price Target$74.00 ➝ $82.00Low
10/7/2020Deutsche Bank AktiengesellschaftBoost Price TargetHold$75.00 ➝ $81.00Low
10/7/2020Morgan StanleyBoost Price TargetEqual Weight$74.00 ➝ $76.00Low
8/17/2020JPMorgan Chase & Co.Boost Price TargetUnderweight$72.00 ➝ $78.00Low
7/14/2020The Goldman Sachs GroupInitiated CoverageSell$64.00Low
7/8/2020BMO Capital MarketsBoost Price TargetMarket Perform$70.00 ➝ $74.00Low
7/8/2020Morgan StanleyBoost Price TargetEqual Weight$68.00 ➝ $74.00Low
7/8/2020CitigroupBoost Price TargetNeutral$65.00 ➝ $75.00Low
7/7/2020Jefferies Financial GroupBoost Price TargetHold$68.00 ➝ $75.00Low
5/20/2020CowenBoost Price TargetMarket Perform$60.00 ➝ $65.00Medium
5/20/2020Morgan StanleyBoost Price TargetHold ➝ Equal Weight$64.00 ➝ $68.00Medium
5/20/2020Deutsche Bank AktiengesellschaftLower Price TargetHold$80.00 ➝ $75.00Medium
3/26/2020BMO Capital MarketsLower Price TargetMarket Perform$87.00 ➝ $70.00Medium
3/26/2020Morgan StanleyBoost Price TargetEqual Weight$61.00 ➝ $65.00High
3/26/2020Robert W. BairdLower Price TargetNeutral$87.00 ➝ $67.00High
3/25/2020Jefferies Financial GroupLower Price TargetHold$82.00 ➝ $68.00High
3/24/2020Morgan StanleyLower Price TargetEqual Weight$67.00 ➝ $61.00High
3/24/2020Stifel NicolausLower Price TargetHold$87.00 ➝ $55.00High
3/18/2020JPMorgan Chase & Co.Lower Price TargetUnderweight$91.00 ➝ $70.00High
3/18/2020Morgan StanleyUpgradeUnderweight ➝ Equal Weight$74.00 ➝ $67.00High
3/18/2020CitigroupDowngradeBuy ➝ Neutral$65.00High
1/14/2020CitigroupUpgradeNeutral ➝ Buy$84.00 ➝ $97.00Low
12/19/2019Robert W. BairdBoost Price TargetNeutral$83.00 ➝ $87.00Low
12/18/2019Jefferies Financial GroupReiterated RatingHold$84.00Low
10/7/2019BarclaysBoost Price TargetEqual Weight$80.00 ➝ $84.00High
10/3/2019ArgusReiterated RatingBuy$92.00Medium
9/11/2019CowenInitiated CoverageMarket Perform$74.00Low
8/15/2019Morgan StanleyDowngradeEqual Weight ➝ Underweight$77.00 ➝ $74.00High
6/27/2019William BlairReiterated RatingMarket PerformLow
6/26/2019Bank of AmericaDowngradeNeutral ➝ UnderperformLow
4/30/2019Sanford C. BernsteinDowngradeMarket Perform ➝ UnderperformLow
4/1/2019BarclaysBoost Price TargetEqual Weight ➝ Equal Weight$78.00 ➝ $80.00Low
3/28/2019Credit Suisse GroupBoost Price TargetOutperform ➝ Outperform$82.00 ➝ $84.00Low
1/8/2019Bank of AmericaUpgradeUnderperform ➝ Neutral$64.00 ➝ $68.00Low
12/20/2018BMO Capital MarketsReiterated RatingMarket PerformMedium
11/14/2018BarclaysInitiated CoverageEqual Weight$70.00Medium
10/4/2018Moffett NathansonInitiated CoverageNeutral ➝ Neutral$79.00Low
10/3/2018Morgan StanleyBoost Price TargetEqual Weight ➝ Equal Weight$67.00 ➝ $73.00High
10/3/2018Deutsche Bank AktiengesellschaftBoost Price TargetHold ➝ Hold$68.00 ➝ $79.00High
10/3/2018Stifel NicolausBoost Price TargetHold ➝ Hold$69.00 ➝ $73.00High
10/3/2018CitigroupBoost Price TargetNeutral ➝ Neutral$67.00 ➝ $73.00High
10/3/2018BMO Capital MarketsBoost Price TargetMarket Perform ➝ Market Perform$70.00 ➝ $77.00High
10/2/2018Credit Suisse GroupUpgradeNeutral ➝ Buy$82.00Medium
10/1/2018Jefferies Financial GroupInitiated CoverageHold$75.00High
8/20/2018GuggenheimInitiated CoverageNeutral$75.00Low
8/14/2018JPMorgan Chase & Co.DowngradeNeutral ➝ Underweight$65.00Medium
8/10/2018Credit Suisse GroupInitiated CoverageNeutral$72.00N/A
7/17/2018Wolfe ResearchInitiated CoverageMarket PerformLow
6/28/2018Morgan StanleyBoost Price TargetEqual Weight ➝ Equal Weight$66.00 ➝ $67.00Low
6/28/2018Robert W. BairdBoost Price TargetNeutral ➝ Neutral$67.00 ➝ $70.00Low
6/28/2018Wells Fargo & CompanyBoost Price TargetMarket Perform ➝ Market Perform$64.00 ➝ $67.00Low
6/28/2018CitigroupBoost Price TargetNeutral ➝ Neutral$64.00 ➝ $67.00High
6/28/2018Stifel NicolausBoost Price TargetHold ➝ Hold$66.00 ➝ $69.00High
4/17/2018Bank of AmericaDowngradeNeutral ➝ UnderperformHigh
4/2/2018Royal Bank of CanadaReiterated RatingUnderperform ➝ Sector Perform$63.00Medium
4/2/2018Royal Bank of CanadaUpgradeUnderperform ➝ Sector Perform$63.00Medium
3/28/2018CitigroupLower Price TargetNeutral ➝ Neutral$67.00 ➝ $64.00Low
3/27/2018BarclaysLower Price TargetEqual Weight ➝ Equal Weight$75.00 ➝ $70.00Medium
3/27/2018Morgan StanleyLower Price TargetEqual Weight ➝ Equal Weight$68.00 ➝ $66.00High
3/27/2018JPMorgan Chase & Co.Lower Price TargetNeutral ➝ Neutral$69.00 ➝ $65.00High
3/27/2018BMO Capital MarketsLower Price TargetMarket Perform ➝ Positive$70.00 ➝ $63.00High
3/27/2018Stifel NicolausReiterated RatingHold ➝ Hold$68.00 ➝ $66.00Medium
1/24/2018BMO Capital MarketsReiterated RatingHold$70.00High
1/9/2018Bank of AmericaDowngradeBuy ➝ Neutral$73.00N/A
12/22/2017Stifel NicolausReiterated RatingHold$68.00Low
12/5/2017Bank of AmericaBoost Price TargetBuy ➝ Buy$68.00 ➝ $73.00Low
12/4/2017CitigroupUpgradeSell ➝ Neutral$67.00Medium
11/15/2017Royal Bank of CanadaReiterated RatingSell$57.00N/A
10/4/2017Morgan StanleyReiterated RatingEqual Weight$55.00 ➝ $59.00N/A
10/4/2017Wells Fargo & CompanyBoost Price TargetMarket Perform$58.00 ➝ $60.00Low
10/4/2017Bank of AmericaBoost Price TargetBuy$64.00 ➝ $68.00Low
10/4/2017BMO Capital MarketsReiterated RatingMarket Perform$60.00 ➝ $62.00Low
10/4/2017Royal Bank of CanadaReiterated RatingUnderperform ➝ Underperform$54.00 ➝ $57.00Low
10/4/2017Robert W. BairdReiterated RatingHold$64.00Low
10/2/2017CitigroupReiterated RatingSell$53.00Low
8/18/2017Stifel NicolausReiterated RatingHold$61.00Low
8/16/2017Morgan StanleyUpgradeUnderweight ➝ Equal Weight$55.00Medium
7/21/2017William BlairDowngradeOutperform ➝ Market PerformLow
6/30/2017JPMorgan Chase & Co.Reiterated RatingNeutral$62.00 ➝ $60.00Low
6/30/2017Morgan StanleyLower Price TargetUnderweight$56.00 ➝ $55.00Low
6/30/2017Robert W. BairdLower Price TargetNeutral$63.00 ➝ $60.00Low
6/29/2017BMO Capital MarketsReiterated RatingHold$60.00Medium
6/20/2017The Goldman Sachs GroupDowngradeBuy ➝ Neutral$68.00 ➝ $64.00Low
6/6/2017WedbushReiterated RatingNeutral$65.00 ➝ $61.25Low
3/30/2017BMO Capital MarketsLower Price TargetMarket Perform$61.00 ➝ $60.00Low
3/21/2017Jefferies Financial GroupReiterated RatingSell$50.00Medium
1/21/2017Royal Bank of CanadaSet Price TargetSell$55.00N/A
1/11/2017Sanford C. BernsteinUpgradeUnderperform ➝ Market Perform$52.00 ➝ $59.00N/A
12/23/2016ArgusReiterated RatingBuy$70.00N/A
12/23/2016Wells Fargo & CompanyReiterated RatingMarket Perform$57.00 ➝ $61.00N/A
12/23/2016Deutsche Bank AktiengesellschaftReiterated RatingHold$56.00 ➝ $62.00N/A
12/22/2016Royal Bank of CanadaSet Price TargetSell$53.00 ➝ $54.00N/A
12/22/2016Compass PointBoost Price TargetSell$45.00 ➝ $48.00N/A
12/22/2016Royal Bank of CanadaBoost Price TargetUnderperform$53.00 ➝ $54.00N/A
12/21/2016Sanford C. BernsteinReiterated RatingUnderperform$52.00N/A
12/20/2016BarclaysInitiated CoverageEqual Weight$63.00N/A
12/16/2016The Goldman Sachs GroupUpgradeNeutral ➝ Buy$68.00N/A
(Data available from 10/22/2016 forward)

News Sentiment Rating

0.33 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 0 very positive mentions
  • 11 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
3/26/2021
  • 0 very positive mentions
  • 13 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
4/25/2021
  • 0 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
5/25/2021
  • 0 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
6/24/2021
  • 7 very positive mentions
  • 19 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
7/24/2021
  • 3 very positive mentions
  • 8 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
8/23/2021
  • 5 very positive mentions
  • 10 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
9/22/2021
  • 16 very positive mentions
  • 64 positive mentions
  • 9 negative mentions
  • 1 very negative mentions
10/22/2021

Current Sentiment

  • 16 very positive mentions
  • 64 positive mentions
  • 9 negative mentions
  • 1 very negative mentions
Paychex logo
Paychex, Inc. engages in the provision of human capital management solutions for payroll, human resource, insurance and retirement for small and medium sized businesses. Its solutions include payroll services, hiring services, business insurance, time and attendance, employee benefits, finance and payments, human resources services and startup services. The company was founded by Blase Thomas Golisano in 1971 and is headquartered in Rochester, NY.
Read More

Today's Range

Now: $124.13
Low: $122.22
High: $124.13

50 Day Range

MA: $113.78
Low: $106.73
High: $120.11

52 Week Range

Now: $124.13
Low: $79.63
High: $122.51

Volume

35,409 shs

Average Volume

1,636,116 shs

Market Capitalization

$44.76 billion

P/E Ratio

40.83

Dividend Yield

2.17%

Beta

0.91

Frequently Asked Questions

What sell-side analysts currently cover shares of Paychex?

The following Wall Street research analysts have issued research reports on Paychex in the last year: Argus, Bank of America Co., Barclays PLC, BMO Capital Markets, Citigroup Inc., Cowen Inc, Deutsche Bank Aktiengesellschaft, Jefferies Financial Group Inc., JPMorgan Chase & Co., Moffett Nathanson, Morgan Stanley, Robert W. Baird, Smith Barney Citigroup, Stifel Nicolaus, The Goldman Sachs Group, Inc., Wells Fargo & Company, and Wolfe Research.
View the latest analyst ratings for PAYX.

What is the current price target for Paychex?

17 Wall Street analysts have set twelve-month price targets for Paychex in the last year. Their average twelve-month price target is $109.18, suggesting a possible downside of 10.8%. Citigroup Inc. has the highest price target set, predicting PAYX will reach $125.00 in the next twelve months. Bank of America Co. has the lowest price target set, forecasting a price of $81.00 for Paychex in the next year.
View the latest price targets for PAYX.

What is the current consensus analyst rating for Paychex?

Paychex currently has 3 sell ratings, 9 hold ratings and 2 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in PAYX, but not buy more shares or sell existing shares.
View the latest ratings for PAYX.

How do I contact Paychex's investor relations team?

Paychex's physical mailing address is 911 PANORAMA TRAIL SOUTH, ROCHESTER NY, 14625. The business services provider's listed phone number is (585) 385-6666 and its investor relations email address is [email protected] The official website for Paychex is www.paychex.com.