BofA analyst Michael Funk raised the firm’s price target on Paycom (PAYC) to $230 from $220 and keeps a Neutral rating on the shares. The company’s Q4 results came in ahead of estimates but its lower fiscal 2025 revenue guide suggests increased competition, the analyst tells investors in a research note.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PAYC:
- Paycom price target raised to $224 from $191 at Piper Sandler
- Paycom’s Earnings Call Highlights Strong Growth and Innovation
- Paycom’s Solid Performance Overshadowed by Uncertainty and Volatility: Hold Rating Justified
- Paycom’s Mixed Performance and Future Outlook Justifies Hold Rating
- Paycom Software’s Strong Financial Performance in 2024