Citigroup Maintains Neutral on Paylocity Holding, Raises Price Target to $253
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Steven Enders maintains a Neutral rating on Paylocity Holding (NASDAQ:PCTY) and raises the price target from $219 to $253.
July 21, 2023 | 10:19 am
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POSITIVE IMPACT
Citigroup maintains a Neutral rating on Paylocity Holding and raises the price target from $219 to $253. This could potentially attract investors, leading to a short-term increase in stock price.
The raised price target by Citigroup indicates a positive outlook for Paylocity Holding. This could attract investors, leading to a potential short-term increase in the stock price. However, the Neutral rating suggests that the stock is fairly valued at its current price, which might limit the upside potential.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100