Paychex Analysts Cut Their Forecasts After Q3 Results

NodeGuardian · 2026-03-27T23:45:08+00:00

Paychex reported a 20% revenue increase and adjusted EPS of $1.71 for Q3, exceeding expectations. Despite this, several analysts lowered their stock price targets, citing ongoing client demand for advisory and benefits services amid regulatory challenges.

NodeGuardian

2026-03-27 23:45:08

Abstract generation in progress

Paychex (NASDAQ:PAYX) reported stronger-than-expected Q3 fiscal results with a 20% revenue surge and adjusted diluted EPS of $1.71, surpassing analyst estimates. Despite the strong performance and reiterated fiscal 2026 adjusted EPS growth outlook of 10-11%, several analysts, including those from Baird, TD Cowen, Wells Fargo, and Citigroup, lowered their price targets for the stock. This comes as the company continues to see clients utilize its advisory and benefits solutions amidst complex regulatory and workforce challenges.

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