Why Paychex, Inc. (PAYX) Is Near Lows

Paychex, Inc. (PAYX) is currently trading near its 52-week low at $92.47. Cantor Fitzgerald initiated coverage with an Underweight rating and a $98 price target, citing intense competition and macroeconomic challenges affecting organic growth, despite acknowledging the strategic acquisition of Paycor. The company is, however, expected to maintain momentum due to its strong free cash flow generation and shareholder-friendly practices.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)