PAYC Price Prediction Next Week
Based on the provided data and recent market developments, here's a comprehensive analysis and price prediction for PAYC for the next trading week:
Technical Analysis
The stock has shown a clear downward trend over the past week, with the price declining from $188.51 to $183.17. Key technical indicators suggest continued bearish momentum:
- Price is trading below major moving averages
- Volume has increased during down days, indicating selling pressure
- Support level identified at $178.55, resistance at $189.65
Fundamental Factors
Recent developments impacting PAYC:
- Analyst Updates:
- Jefferies maintained Hold rating with $215 price target
- Consensus price target of $215.73, suggesting 17.8% upside from current levels
- 16 analysts rate it as "Hold" with only 2 "Strong Buy" ratings
- Growth Metrics:
- Expected EPS decline of ~20% YoY for FY2025
- Market cap of $12.3B
- Underperformed S&P 500 with 11.9% vs 22.5% return over past 52 weeks
- Recent Positive Developments:
- Validea's Growth Investor Model upgraded PAYC from 77% to 85% rating
- Strong fundamentals and improving valuation metrics
Price Prediction for Next Week
Based on technical and fundamental analysis:
- Bearish scenario (60% probability): Price could test support at $178.55
- Neutral scenario (30% probability): Consolidation between $180-185
- Bullish scenario (10% probability): Bounce toward $189-190 resistance
Recommendation: SELL
Rationale:
- Deteriorating technical indicators
- Negative insider sentiment with increased selling
- Analyst consensus showing limited upside
- Expected earnings decline for 2025
Target entry for short positions: Current market price ($183.17) Stop loss: $189.65 (recent high) Price target: $178.55 (recent low)
PAYC Similar Chart Price Prediction
The price of PAYC is predicted to go up -42.82%, based on the high correlation periods with COOP. The similarity of these two price pattern on the periods is 91.18%.
PAYC
COOP
Down: -42.82%Similarity: 91.18%
PAYC Revenue Forecast
PAYC EPS Forecast
PAYC FAQs
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PAYC VS S&P500
We expect increasing employee usage and employee self-service will entrench Paycom's platform further into a client's business, increasing client stickiness.
Increasing regulatory complexity under a US Democratic administration should create tailwinds for the payroll and HCM industry.
Paycom's employee self-service payroll module Beti is innovating amid an industry shift toward greater employee usage and the consumerization of payroll and HR software.
PAYC Analyst's Forecast
Arvind Ramnani
Piper Sandler
Hold
2025-02-14
Price Target
$191 → $224
Upside
+7.06%
Piper Sandler raised the firm's price target on Paycom to $224 from $191 and keeps a Neutral rating on the shares. The firm notes Paycom delivered upside to Q4 expectations, with both top line and EBITDA results well ahead of consensus. Piper believes that Paycom remains a company in transition and would look for better revenue growth to become more constructive.
Raimo Lenschow
Barclays
Hold
2025-01-23
Price Target
$229 → $221
Upside
+7.67%
Steven Enders
Citigroup
Hold
2025-01-16
Price Target
$234 → $221
Upside
+6.27%
