Reported about 6 hours ago
Jefferies has adjusted its price target for Paycom Software, Inc. (PAYC) from $130 to $155 while maintaining a Hold rating. This increase reflects a reassessment of the company's market position, as Paycom reported a 6% year-over-year revenue growth of $531 million in Q1 2025 and improved customer satisfaction. Despite a strong financial status with no debt and $521 million in cash, the company faces challenges such as a decline in interest earnings and anticipated lower free cash flow due to AI investments. Jefferies suggests that although PAYC has growth potential, other AI stocks may offer better return prospects.
Source: YAHOO