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Paychex stock rated Hold with price target raised to $117 amid strong AI-driven growth.

Analyst Insights
11 Sep 2026
Alex Lavoie
View Source
Neutral
Paychex stock rated Hold with price target raised to $117 amid strong AI-driven growth.

Analyst firm Cowen & Co. maintained a Hold rating on Paychex (NASDAQ:PAYX) while raising its price target from $98 to $117, reflecting confidence in the company's strong financial performance. Paychex has seen a 30% stock increase over six months, driven by AI integration through its WISE platform, which enhances payroll and HR services for small and medium businesses. The company shows higher margins and faster revenue growth compared to competitor ADP, but the stock price near the new target suggests limited short-term upside. Investors should watch for continued AI-driven efficiency gains and market competition.

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