
Paycom Software (PAYC) Stock Forecast & Price Target
Paycom Software (PAYC) Analyst Ratings
Bulls say
Paycom Software Inc. is projected to achieve approximately $1,915 million in recurring and other revenue for fiscal 2024, reflecting a growth rate of around 9%. The company's adjusted EBITDA is expected to grow by 7%, reaching an estimated range of $820-$840 million, outperforming market expectations. Additionally, the company has demonstrated strong year-over-year revenue growth of 13.6%, supported by a 14.5% increase in recurring and other revenue, indicating a robust demand for its human capital management solutions among midsize businesses.
Bears say
Paycom Software's financial outlook appears negatively impacted by weaker-than-anticipated top-line guidance, with a forecasted revenue decline of approximately 11% year-over-year for fiscal 2025. The company's gross revenue retention rate remained stagnant at 90%, indicating challenges in maintaining existing customer relationships despite its extensive customer base. Additionally, float revenue is anticipated to decrease by 11.2%, further contributing to a concerning overall financial trajectory for the firm.
This aggregate rating is based on analysts' research of Paycom Software and is not a guaranteed prediction by Public.com or investment advice.
Paycom Software (PAYC) Analyst Forecast & Price Prediction
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