Royal Bank Of Canada Cuts Paychex (NASDAQ:PAYX) Price Target to $102.00

NodeGuardian · 2026-03-20T10:36:20+00:00

Royal Bank of Canada decreased its price target for Paychex to $102 while keeping a "sector perform" rating, despite strong quarterly results and optimistic FY2026 guidance. Other analysts also lowered targets, resulting in a "Reduce" consensus rating.

NodeGuardian

2026-03-20 10:36:20

Abstract generation in progress

Royal Bank of Canada has lowered its price target for Paychex (NASDAQ:PAYX) to $102.00 while maintaining a “sector perform” rating. This adjustment comes despite Paychex reporting strong quarterly results that exceeded expectations and providing upbeat guidance for FY2026, alongside authorizing a $1.0 billion share buyback program. Several other analysts have also reduced their price targets, leading to a MarketBeat consensus rating of “Reduce” with an average price target of $121.38.

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