TD Cowen Lowers PT on Paycom Software (PAYC) Stock

Paycom Software, Inc. (NYSE:PAYC) is one of the Oversold Fundamentally Strong Stocks to Buy Right Now. On January 8, TD Cowen analyst Jared Levine reduced the price objective on the company’s stock to $184 from $200 while keeping a “Buy” rating, as reported by The Fly. Notably, the firm updated estimates to reflect the latest Fed Funds rate expectations as well as thoughts ahead of the upcoming Q4 2025 results.

TD Cowen Lowers PT on Paycom Software (PAYC) Stock

In a different update, Citi reduced the price objective on Paycom Software, Inc. (NYSE:PAYC)’s stock to $185 from $191, while keeping a “Neutral” rating, as reported by The Fly. Notably, the firm adjusted models in the broader application software group after meeting with the management of companies. The analyst added that companies have been witnessing a stable but uncertain demand environment amidst relief from the reopening of the US government.

Elsewhere, BTIG analyst Allan Verkhovski upgraded Paycom Software, Inc. (NYSE:PAYC)’s stock to “Buy,” setting a price objective of $195. As per the analyst, despite the disappointing Q3 2025 results, the market has been underestimating Paycom Software, Inc. (NYSE:PAYC)’s ability to sustain a double-digit recurring revenue growth.

Paycom Software, Inc. (NYSE:PAYC) offers a cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies.

While we acknowledge the potential of PAYC to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PAYC and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.