Guggenheim Cuts Paycom Target to $210, Cantor Fitzgerald Lowers to $135
Paycom Software hit a 52-week low of $124.08 on February 3 and trades 7% above that level. Guggenheim cut its price target from $245 to $210 but retained a Buy rating on 10% recurring revenue growth in 2026, while Cantor Fitzgerald lowered its target to $135 ahead of Q4 earnings.
1. Share Price Performance
On February 3, Paycom Software shares fell to a 52-week low of $124.08, down sharply from the $267.76 high of the past year. The stock currently trades about 7% above that low as market momentum remains subdued.
2. Guggenheim's Price Target Adjustment
Guggenheim reduced its Paycom price target from $245 to $210 while keeping a Buy rating, reflecting a valuation realignment with human capital management peers. The firm projects approximately 10% growth in recurring and other revenues for full-year 2026.
3. Cantor Fitzgerald's Revised Outlook
Cantor Fitzgerald cut its Paycom target from $170 to $135 and maintained a Neutral rating, forecasting in-line fourth-quarter revenue and a slight EBITDA beat. The analyst flagged 2026 guidance as critical, while endorsing the company’s long-term HCM market opportunity and product suite.
4. Company Profile and Growth Drivers
Paycom delivers cloud-based human capital management software across the full employment lifecycle, from recruitment to payroll and benefits. Its recurring subscription model supports predictable revenue and underpins growth expectations driven by continued HCM adoption.