Paychex stock currently trades at $111 per share, around 21% below its level of $141 seen on April 6, 2022 (pre-inflation shock high), and has the potential for sizable gains. Paychex
PAYX
Returning to the pre-inflation shock level means that Paychex stock will have to gain about 26% from here. While it’s possible that the stock may recover to those levels, we estimate Paychex valuation to be around $117 per share, about 5% above the market price. This is because the recent uncertainty in the financial sector has made investors concerned about a potential recession. Paychex’s business may see an adverse impact if the U.S. economy were to go into recession, with the job market possibly cooling.
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