Goldman Sachs analyst Gabriela Borges maintains $Paycor HCM (PYCR.US)$ with a hold rating, and adjusts the target price from $17 to $19.
According to TipRanks data, the analyst has a success rate of 56.9% and a total average return of 5.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Paycor HCM (PYCR.US)$'s main analysts recently are as follows:
The firm noted that Paycor HCM reported a robust beat for Q1, stating that it was an overall positive outcome likely to result in a slight favorable response in the stock.
Paycor HCM exhibited stronger than anticipated performance in Q1, marking the most significant 'core' outperformance in a year. This development is in line with a broader pattern of stabilization in the payroll sector, which had previously experienced a slowdown over the past two years.
The revised long-term revenue forecast takes into account the company's full performance beat in the recent quarter. The anticipation is that the firm's results will promote a further increase in share value before the scheduled analyst day on November 21.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
