Below are the downside targets for Paycom Software Inc. (PAYC).
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$224.12 (conservative target)
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$168.35 (mid-range target)
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$112.58 (extreme target)
If extended to the IPO date in 2014, we would have generated much lower downside targets. In an effort to be reasonable about expectations, the targets have been set from 2018. The forecast is that PAYC will decline to the ascending level of $224.12.