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.

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 as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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