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Stocks•7 May 2026•

1 min read

TD Cowen Raises Paycom Software Price Target to $154 Following Buyback News

Key Facts

1TD Cowen raised its price target for Paycom Software from $148.00 to $154.00 while maintaining a buy rating.

2Paycom recently announced a $2.0 billion share buyback program.

TD Cowen has increased its price target for Paycom Software (PAYC) to $154.00 from the previous $148.00, while reiterating a "Buy" rating on the stock. The new target suggests a potential upside of 11.29% from current market levels, following a slight revenue beat in the first quarter. Investor sentiment has been further bolstered by Paycom's recent announcement of a substantial $2.0 billion share buyback program. While the broader market consensus remains at a "Hold" rating, TD Cowen's adjustment highlights growing confidence in the company's financial strategy. This move reflects a positive outlook on Paycom's ability to generate value through both operational performance and capital allocation. The combination of the price target hike and the buyback initiative marks a bullish signal for the software provider.