In recent market activity, Paycor HCM Inc (Symbol: PYCR) saw its stock price rise above the average analyst’s 12-month target of $21.31, trading at $22.86 per share. Analysts must consider their reactions when a stock meets their predicted price. They can either downgrade their valuation or adjust their target price upward. The direction of these adjustments often hinges on the company’s recent business developments. If Paycor’s performance appears to be improving, this could justify raising the target price.
The average target for Paycor HCM Inc is based on inputs from 16 analysts in the Zacks coverage universe. This average can mask the variation in individual opinions. For instance, while some analysts set a conservative target of $15.00, others are more optimistic, forecasting a price as high as $30.00. The standard deviation among these targets is noted at $3.754.
Investors look at the average PYCR price target as a collective wisdom of analysts rather than relying solely on one expert’s prediction. Given that PYCR is now trading above the $21.31 target, it prompts investors to evaluate whether this is merely a stopping point before reaching a higher target or if the valuation is now stretched, indicating it might be time to consider taking profits. Below, we provide a summary of current analyst ratings for Paycor HCM Inc:
| Recent PYCR Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 7 | 6 | 5 | 5 |
| Buy ratings: | 2 | 2 | 2 | 2 |
| Hold ratings: | 8 | 9 | 10 | 10 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.06 | 2.18 | 2.29 | 2.29 |
The average rating on the scales ranges from 1 (Strong Buy) to 5 (Strong Sell). This analysis uses data provided by Zacks Investment Research via Quandl.com. For comprehensive insights, access the latest Zacks research report on PYCR — available at no cost.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
