Paycom Shares Surge on BTIG's 'Buy' Rating
Update: 2025-12-17
Description
Paycoms shares surged by three percent today following BTIGs Buy rating and a price target of $195 per share, marking a significant shift from previous neutral to negative analyst reports. Despite a slight setback, the stock closed up 2.7%, indicating market recognition of this positive outlook. However, Paycoms adjusted earnings of $1.94 per share, slightly below expectations, and a slowdown in billing growth suggest potential challenges due to increasing competition.
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