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NASDAQ: PAYX
Paychex Inc Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for PAYX

Based on 10 analysts offering 12 month price targets for Paychex Inc.
Min Forecast
$111.00-8.99%
Avg Forecast
$121.60-0.3%
Max Forecast
$130.00+6.58%

Should I buy or sell PAYX stock?

Based on 10 analysts offering ratings for Paychex Inc.
Hold
Strong Buy
0 analysts 0%
Buy
0 analysts 0%
Hold
8 analysts 80%
Sell
1 analysts 10%
Strong Sell
1 analysts 10%

Be the first to know when Wall Street analysts revise their PAYX stock forecasts and price targets.

PAYX stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-04-03
lockedlocked$00.00+00.00%2024-04-03
lockedlocked$00.00+00.00%2024-04-03
lockedlocked$00.00+00.00%2024-04-03
lockedlocked$00.00+00.00%2024-03-26
Citigroup
Top 22%
79
HoldMaintains$125.00+2.48%2023-12-26
JP Morgan
Top 23%
78
Strong SellMaintains$126.00+3.30%2023-12-22
Stifel Nicolaus
Top 13%
88
HoldMaintains$130.00+6.58%2023-12-22
Barclays
Bottom 2%
2
HoldMaintains$120.00-1.62%2023-12-22
UBS
Bottom 4%
4
HoldInitiates Coverage On$120.00-1.62%2023-11-07

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Forecast return on equity

Is PAYX forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
35.16%

Forecast return on assets

Is PAYX forecast to generate an efficient return on assets?
Company
N/A
Industry
N/A

PAYX revenue forecast

What is PAYX's revenue in the next 3 years based on estimates from 8 analysts?
Avg 1 year Forecast
$5.3B+1.33%
Avg 2 year Forecast
$5.5B+6.38%
Avg 3 year Forecast
$5.8B+12.08%
PAYX's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

PAYX earnings growth forecast

How is PAYX forecast to perform vs Staffing & Employment Services companies and vs the US market?
Company
3.76%
Industry
7.94%
Market
21.46%
PAYX's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
PAYX's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
PAYX's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

PAYX revenue growth forecast

How is PAYX forecast to perform vs Staffing & Employment Services companies and vs the US market?
Company
3.83%
Industry
4.74%
Market
9.92%
PAYX's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
PAYX's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

PAYX vs Staffing & Employment Service Stocks

TickerPricePrice TargetUp/downsideConsensus
PAYX$121.97$121.60-0.30%Hold
BZ$19.60$24.00+22.45%Strong Buy
RHI$70.60$70.67+0.09%Sell
TNET$126.78$131.50+3.72%Buy
NSP$108.93N/AN/A
View Top Staffing & Employment Service Stocks

Paychex Stock Forecast FAQ

Is Paychex Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 10 Wall Street analysts covering (NASDAQ: PAYX) stock is to Hold PAYX stock.

Out of 10 analysts, 0 (0%) are recommending PAYX as a Strong Buy, 0 (0%) are recommending PAYX as a Buy, 8 (80%) are recommending PAYX as a Hold, 1 (10%) are recommending PAYX as a Sell, and 1 (10%) are recommending PAYX as a Strong Sell.

If you're new to stock investing, here's how to buy Paychex stock.

What is PAYX's revenue growth forecast for 2024-2026?

(NASDAQ: PAYX) Paychex's forecast annual revenue growth rate of 3.83% is not forecast to beat the US Staffing & Employment Services industry's average forecast revenue growth rate of 4.74%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 9.92%.

Paychex's revenue in 2024 is $5,212,800,000.On average, 8 Wall Street analysts forecast PAYX's revenue for 2024 to be $1,901,323,847,419, with the lowest PAYX revenue forecast at $1,898,446,660,434, and the highest PAYX revenue forecast at $1,914,645,010,779. On average, 8 Wall Street analysts forecast PAYX's revenue for 2025 to be $1,996,218,463,263, with the lowest PAYX revenue forecast at $1,991,317,202,412, and the highest PAYX revenue forecast at $2,013,022,991,874.

In 2026, PAYX is forecast to generate $2,103,041,544,302 in revenue, with the lowest revenue forecast at $2,085,411,619,749 and the highest revenue forecast at $2,121,637,970,424.

What is PAYX's forecast return on assets (ROA) for 2024-2027?

(NASDAQ: PAYX) forecast ROA is N/A, which is lower than the forecast US Staffing & Employment Services industry average of N/A.

What is PAYX's Price Target?

According to 10 Wall Street analysts that have issued a 1 year PAYX price target, the average PAYX price target is $121.60, with the highest PAYX stock price forecast at $130.00 and the lowest PAYX stock price forecast at $111.00.

On average, Wall Street analysts predict that Paychex's share price could fall to $121.60 by Apr 3, 2025. The average Paychex stock price prediction forecasts a potential downside of 0.3% from the current PAYX share price of $121.97.

What is PAYX's forecast return on equity (ROE) for 2024-2027?

(NASDAQ: PAYX) forecast ROE is N/A, which is considered weak.
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