Deutsche Bank Raises Paycom Price Target to $275 From $205, Keeps Hold
Deutsche Bank raised its price target on Paycom Software to $275 from $205 and maintained its Hold rating. The update followed Q3 2026 revenue of $543.8 million, above FactSet consensus of $535.3 million, and updated 2026 revenue guidance.
Following Paycom Software's third-quarter 2026 earnings report, Deutsche Bank updated its outlook on the company, increasing the price target to $275 from the previous $205. The firm maintained its 'Hold' rating on the stock. This adjustment comes as the company reported Q3 revenue of $543.8 million, surpassing the FactSet consensus estimate of $535.3 million, and provided updated revenue guidance for 2026.