BTIG analyst Allan Verkhovski lowered the firm’s price target on Paycom (PAYC) to $140 from $195 and keeps a Buy rating on the shares after its Q4 results. The company’s FY26 recurring revenue guide for 7.5% came in below the firm’s expectation of about 9%, the analyst tells investors in a research note.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PAYC:
- Paycom: Solid Fundamentals and Improving Cash Generation Tempered by Soft Growth Outlook Supporting Hold Rating
- Paycom price target lowered to $180 from $210 at Guggenheim
- Paycom price target lowered to $130 from $190 at Jefferies
- Balancing Near‑Term Caution and Long‑Term Opportunity: Why Paycom Remains a Hold
- Closing Bell Movers: Cisco falls 7% after earnings
