UPDATE: Baird Starts Paycor HCM Inc (PYCR) at Outperform

Baird analyst Mark Marcon initiates coverage on Paycor HCM Inc (NASDAQ: PYCR) with a Outperform rating and a price target of $42.00.

The analyst comments "Recommend long-term growth investors to accumulate Paycor, a differentiated provider of modern SaaS payroll/HCM solutions “Built for Leaders” that is gaining share within the highly attractive SMB space. With less than a 2% share of its growing TAM, Paycor is poised to accelerate share gains through multiple levers including geographic expansion. Long runway for expansion into its growing TAM combined with differentiated solution provides multi-year revenue growth and margin expansion potential. Initiating coverage with a price target of $42."

For an analyst ratings summary and ratings history on Paycor HCM Inc click here. For more ratings news on Paycor HCM Inc click here.

Shares of Paycor HCM Inc closed at $35.15 yesterday.

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