11:50 AM EST, 11/07/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

Following Q3 results, we lower our target by $75 to $215. Our target reflects a reduced multiple of 21.3x our 2026 EPS estimate to account for heightened macroeconomic risk, given PAYC's sensitivity to employment levels. However, this multiple remains at a premium to the peer average of 19.7x, which we believe is justified by PAYC's tangible differentiation in AI. We keep our 2025 EPS view at $9.34 and lower 2026's by $0.10 to $10.10. We think PAYC's IWant is positioned as a key strategic differentiator, creating a potential moat that competitors with less-integrated data architectures will find difficult to replicate. This advantage is expected to manifest across the business in three key ways: 1) accelerating new logo wins in competitive deals, 2) improving long-term retention by making the platform indispensable to key decision-makers, and 3) organically driving cross-sell revenue as clients seek to unlock the AI's full potential by adopting the entire suite. Our DCF model yields an intrinsic value of $214.