Cantor Fitzgerald cuts target to USD 96 for Paychex stock

Published on 10/02/2026 at 16:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adjusted earnings per share hit USD 1.34 in first quarter 2027. Paychex stock costs EUR 88.90 on October 2, 2026 versus EUR 89.69, minus 0.88 percent.

Flatlay-Foto mit ISIN-Karte US7043261079, Gehaltsabrechnung, Taschenrechner und Kugelschreiber auf Holztisch — Paychex Inc. US7043261079 als Flatlay mit ISIN-Karte, generischer Gehaltsabrechnung, Taschenrechner und Kugelschreiber, Illustration mit AI erstellt.

Paychex, Inc. (ISIN US7043261079) was trading at EUR 88.90 at Lang & Schwarz on October 2, 2026 at 4:37 p.m. CEST, with the quote down 0.88 percent versus the prior close of EUR 89.69. According to MarketBeat on September 28, 2026, Cantor Fitzgerald cut its Paychex price target from USD 112.00 to USD 96.00 and kept an underweight rating.

First quarter delivers an earnings beat

Paychex reported adjusted earnings per share of USD 1.34 for the first quarter of fiscal 2027, compared with USD 1.32 consensus. Revenue reached USD 1.63 billion and increased 5.9 percent from the same period a year earlier, according to MarketBeat.

The companys investor-relations page identifies the period as the quarter ended August 31, 2026 and reports adjusted operating income of USD 684.7 million alongside adjusted diluted earnings per share of USD 1.34, according to Paychex. That combination matters because the earnings-per-share beat did not translate into a positive Lang & Schwarz session on October 2, 2026.

Core segment growth trails PEO

According to MarketBeat on September 24, 2026, Management Solutions revenue grew 4 percent, while PEO and Insurance Solutions revenue increased 12 percent. The contrast puts the companys largest operating area against its faster-growing smaller segment and helps explain why analysts are weighing business mix alongside the headline earnings figure.

The same report said Paychex reaffirmed fiscal 2027 revenue-growth guidance of 5 percent to 6 percent and adjusted earnings-per-share growth guidance of 7 percent to 9 percent. JPMorgan upgraded Paychex from underweight to neutral and set a USD 115.00 price target, according to MarketBeat on September 24, 2026.

Paychex stock stays below USD 100 equivalent

On Nasdaq, Paychex was last at USD 100.29 on October 2, 2026 at 10:46 a.m. ET. The company had a market capitalization of USD 35.7 billion as of October 2, 2026, while the euro quote remained below its Lang & Schwarz prior close.

At Lang & Schwarz, the quote was EUR 88.90 on October 2, 2026 at 4:37 p.m. CEST, minus 0.88 percent versus the prior close of EUR 89.69. The further course of trading is shown by the continuously updated real-time quote of Paychex stock.