Paycom price target lowered to $137 from $175 at BMO Capital

BMO Capital lowered the firm’s price target on Paycom (PAYC) to $137 from $175 and keeps a Market Perform rating on the shares after its Q4 results. Paycom’s 2026 revenue guidance was lighter than expected, but while starting the growth guidance was below last year’s initial view, the company appears to be going on offense with a major increase in sales capacity and training initiatives, the analyst tells investors in a research note.