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Paychex, Inc.

PAYXNASDAQTechnologySoftware - Application

$118.04Today:- (-)1Y −4.76%

As of Oct 23, 2026 close

Market cap
$42.09B
P/E (TTM)
23.31
Forward P/E
21.11
Dividend yield
3.82%
52-week range
$85.45$128.78
Volume (live)
-
Avg. volume (3M)
3.42M

Paychex, Inc. (PAYX) Analyst Forecast

Analyst consensus ratings, 12-month price targets, and expert recommendations for Paychex, Inc. stock.

Analyst Consensus Rating

Investment consensus from 18 professional research analysts

Consensus Rating

Hold
Based on 18 unique analysts
(19 total ratings in last 90 days)
High Confidence1.0:1 Buy/Sell

Average Price Target

$116.00
−1.73% downside

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Strong Sell
Sell
Hold
Buy
Strong Buy

Latest PAYX Analyst Ratings & Recommendations

Recent analyst recommendations with rating changes and price target updates (last 90 days)

Zacks Equity Research
Zacks Equity Research
HoldInitiates Coverage
-
Kevin Mcveigh
UBS
HoldMaintains
$111.00 → $115.00
Mark Marcon
Baird
HoldMaintains
$125.00 → $110.00
Ramsey El Assal
Cantor Fitzgerald
SellMaintains
$112.00 → $96.00
Jared Levine
TD Cowen
HoldMaintains
$117.00 → $105.00
James Faucette
Morgan Stanley
HoldReiterates
$109.00
David Grossman
Stifel Nicolaus
HoldMaintains
$130.00 → $112.00
Jacob Smith CFA
Guggenheim
HoldMaintains
-
Daniel Jester
BMO Capital
HoldMaintains
$118.00 → $113.00
Jason Kupferberg
Wells Fargo
SellMaintains
$111.00
Jacob Smith CFA
Guggenheim
HoldMaintains
-
Samad Samana
Jefferies
HoldInitiates Coverage
$120.00 → $110.00
Tien Tsin Huang
JP Morgan
HoldDowngrades
$105.00 → $115.00
Ashish Sabadra
RBC Capital
HoldMaintains
$130.00
Andrew Nicholas
William Blair
HoldMaintains
-
Scott Wurtzel
Wolfe Research
HoldDowngrades
-
Bryan Keane
Citi
BuyReiterates
$150.00
Brett Huff
Stephens
HoldInitiates
$132.00
Abhinab Dasgupta
Zacks Equity Research
BuyInitiates Coverage
-

Source: Professional analyst ratings and price targets from the last 90 days. Data as of Oct 14, 2026. Data sources and methodology

Frequently Asked Questions

What is the analyst consensus rating for PAYX?

The analyst consensus rating for PAYX is Hold, based on the latest ratings from 18 analysts over the last 90 days.

What is the average price target for PAYX?

The average 12-month price target for PAYX is $116.00, representing a downside of 1.7% from the Oct 23, 2026 close of $118.04.

What do analyst ratings mean?

Analyst ratings indicate investment recommendations: Strong Buy and Buy are bullish signals suggesting the stock may outperform. Hold means the stock is fairly valued. Sell and Strong Sell are bearish signals suggesting potential underperformance. These ratings are based on fundamental analysis and valuation models.

What is a price target?

A price target is an analyst's projection of a stock's fair value over a specific timeframe, typically 12 months. Analysts use fundamental analysis, financial modeling, and industry comparisons to estimate where the stock should trade. Price targets can range from low (conservative) to high (optimistic) estimates.