KeyBanc last night upgraded Paycom (PAYC) to Overweight from Sector Weight with a $245 price target following meetings with management. The firm came away with greater confidence in the company’s sales growth acceleration potential, international growth opportunities, and EBITDA margin upside. The analyst cites this higher conviction and an attractive risk/reward framework for the upgrade. KeyBanc also raised 2025 and 2026 estimates for Paycom.
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Read More on PAYC:
- Paycom upgraded to Overweight from Sector Weight at KeyBanc
- Paycom Software’s Automation Ambitions: Navigating Risks and Regulatory Challenges
- Paycom price target raised to $230 from $220 at BofA
- Paycom price target raised to $224 from $191 at Piper Sandler
- Paycom’s Earnings Call Highlights Strong Growth and Innovation
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