Paycom price target lowered to $180 from $210 at Guggenheim

Guggenheim analyst Jacob Smith lowered the firm’s price target on Paycom (PAYC) to $180 from $210 and keeps a Buy rating on the shares to account for lowered near-term estimates and long-term uncertainty. While Paycom’s fourth quarter was largely in line with buyside expectations, 2026 Recurring and Other revenue guidance of 7-8% growth “comes as a disappointing starting point for the upcoming year,” the analyst tells investors.