Paychex stock target cut to USD 105 as revenue rises 5.9%

Published on 10/30/2026 at 20:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Paychex stock faces a lower analyst valuation after TD Cowen cut its target. The company continues to expand payroll and human resources revenue.

Analysts Weigh Slower Growth

Paychex reported fiscal first-quarter revenue of USD 1.63 billion and earnings per share of USD 1.34.
Management set fiscal 2027 earnings guidance at USD 5.896 to USD 6.006 per share.
MarketBeat reported a consensus Hold rating and an average price target of USD 127.59.

Paychex Inc., US7043261079, Illustration mit AI erstellt.

Paychex stock is facing a lower analyst valuation after TD Cowen reduced its price objective from USD 117.00 to USD 105.00 on September 25, 2026, while keeping a Hold rating. MarketBeat reported the revision in an October 8, 2026 analysis of analyst estimates and recent company results.

Target Cut Follows First-Quarter Growth

Paychex reported fiscal first-quarter revenue of USD 1.63 billion for the three months ended August 31, 2026, up 5.9 percent from the prior-year period. Earnings reached USD 1.34 per share, beating the cited consensus estimate of USD 1.32 by USD 0.02, according to MarketBeat.

The company set fiscal 2027 earnings guidance at USD 5.896 to USD 6.006 per share. MarketBeat said analyst sentiment remained cautious, with a consensus Hold rating and an average price target of USD 127.59.

The real-time quote of Paychex stock was 100.33 euros on Lang & Schwarz at 20:37 CEST on Friday, October 30, 0.27 percent below the Xetra close of Friday, October 30.

Operating Outlook Remains Central

For investors, the target reduction places greater emphasis on the pace of growth in Paychex's management solutions and on the company's ability to deliver its fiscal-year guidance. The latest quarter showed continued expansion, but the mixed analyst revisions point to a more selective valuation debate.