Paycom price target raised to $135 from $115 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on Paycom (PAYC) to $135 from $115 and keeps a Neutral rating on the shares. Paycom disclosed in an 8-K that it exhausted its existing buyback authorization and added a new $200M program, implying roughly $1.1B of shares were repurchased between January 1 and March 5, 2026, the analyst tells investors in a research note. The scale of repurchases over such a short period signals strong management conviction despite prior caution on the stock, the firm says.