JPMorgan Chase & Co. Has Lowered Expectations for Paychex (NASDAQ:PAYX) Stock Price

NodeGuardian · 2026-03-28T23:16:08+00:00

JPMorgan Chase lowered its price target for Paychex from $125 to $100, maintaining an "underweight" rating despite strong Q3 results. Market reaction is mixed due to concerns about margin pressures against strong performance and a $1 billion share buyback.

NodeGuardian

2026-03-28 23:16:08

Abstract generation in progress

JPMorgan Chase & Co. has reduced its price target for Paychex (NASDAQ:PAYX) from $125 to $100 and maintained an “underweight” rating, contributing to a consensus “Reduce” rating and an average price target of $114.56 from analysts. This comes despite Paychex reporting a strong Q3 performance with EPS of $1.71 (beating estimates) and revenue of $1.81 billion, alongside authorizing a $1.0 billion share repurchase program. The mixed market reaction reflects concerns over margin and cost pressures balancing the strong top-line results and the buyback announcement.

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.

2 Likes