KeyCorp has adjusted its price target for Paycom Software (NYSE:PAYC), reducing it to $195.00 from the previous $250.00. Despite this reduction, the firm maintained an 'overweight' rating on the stock, signaling potential significant upside. This adjustment follows Paycom's fourth-quarter earnings report, which saw the company slightly exceed EPS estimates but miss revenue expectations. Furthermore, the software provider issued weak guidance for fiscal year 2026, contributing to the analyst's revised outlook. The 'overweight' rating suggests that KeyCorp still sees long-term value in PAYC, even with short-term concerns regarding recent performance.
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