From Yahoo Finance: 2025-05-25 17:05:00

Jefferies raised Paychex, Inc.’s price target from $215 to $250 while maintaining a Hold rating, as part of a software market reevaluation. Paychex reported a 5% revenue increase in Q3, with an 8% rise in adjusted diluted EPS. The company’s tech-driven approach led to being named one of Fortune’s Most Innovative Companies. However, obstacles like the ERTC program’s income impact and integration risks from Paycor remain. Jefferies acknowledged Paychex’s growth potential but believes other AI stocks offer greater promise. For more information on promising AI stocks, visit the provided link.



Read more at Yahoo Finance: Jefferies Lifted the Price Target for Paychex, Inc. (PAYX) by $35