Paycom price target lowered to $130 from $190 at Jefferies

Jefferies lowered the firm’s price target on Paycom (PAYC) to $130 from $190 and keeps a Hold rating on the shares. Q4 results were “fine,” but a “disappointing” 2026 growth outlook will likely overshadow the results, the analyst tells investors in a post-earnings note. While shares are inexpensive, the results “largely validate company-specific and industry concerns,” the analyst added.