Markets open

Paychex, Inc.

PAYX · NASDAQ-GS

Analyst Consensus

Underperform

18 analysts

$118

Current

—

Low

$107

Average

—

High

Average target implies -9.14% versus the current price.

Analyst Ratings Synthesis

The supplied consensus is Underperform across 18 analysts, with a mean target of $107 and no reported low or high target, implying a target below the latest $118.66 close. Published compilations are less negative in places: Stock Analysis shows an average Hold rating and a $106.57 target, Public.com cites $110.85, and Benzinga reports a $114.33 average for Cantor Fitzgerald, Citigroup and JPMorgan. Simply Wall St. is the most bullish cited source, calling Paychex a Buy and describing a $98-to-$140 target range; the 18-analyst Underperform consensus is least bullish. No named firm explicitly reported a rating or target revision during the week. The substantive disagreement is valuation and methodology versus confidence in growth, AI integration and Paycor-related synergies.

Rating Actions

No individual rating actions have been captured for PAYXyet. Consensus figures above come from Nasdaq's aggregate feed.

Rating actions are extracted from published reporting. Each row links to its source.

Research Reports

Links to freely available third-party research. Outlook labels are our classification of each article's stance, not a rating of our own.

Covering Firms

B OF A GLBL RES

BAIRD R W

BARCLAYS CAPITA

CITIGROUP

CO FORECST

DEUTSCHE BK SEC

EDWARD JONES

JEFFERIES & CO.

JP MORGAN SECUR

MORGAN STANLEY

NORTHCOAST RESE

RBC CAPITAL

STIFEL NICOLAUS

TD COWEN

UBS

WEDBUSH SECURIT

WILLIAM BLAIR

ZACKS RESEARCH

Symbol: PAYX
Type: Stock
Sector: Industrials
Industry: Diversified Commercial Services
Country: North America
Exchange: NASDAQ-GS

Paychex, Inc. (Nasdaq: PAYX) provides a comprehensive suite of expert-enabled technology and advisory solutions that help businesses manage HR, payroll, and benefits. Serving approximately 840,000 customers clients and paying 1 in 11 U.S. private sector workers, Paychex combines scale, trusted expertise, and innovation to help businesses succeed. Built on more than 50 years of workforce experience and one of the industry's largest proprietary HR datasets, Paychex's WISE agentic AI platform embeds intelligence directly into workflows to improve productivity, enhance decision-making, and deliver better outcomes.

Key Issues

Bullish view

Making WISE available inside Microsoft 365 Copilot and Teams could improve distribution and embed Paychex's workforce tools in customers' daily workflows.

Bearish view

The announcement establishes a product integration, not incremental revenue or adoption; the supplied evidence gives no measurable growth contribution from the partnership.