Reported 2 days ago
Jefferies has raised its price target for Paychex, Inc. from $215 to $250 while maintaining a Hold rating. The adjustment comes amid a broader reevaluation of the software market, supported by Paychex's 5% revenue growth in Q3 and positive profitability indicators. However, challenges such as the impact of the ERTC program, integration risks from Paycor, and a downturn in the job market persist.
Source: YAHOO