Where Paylocity Holding Stands With Analysts
Portfolio Pulse from Benzinga Insights
In the last quarter, Paylocity Holding (NASDAQ:PCTY) received 1 bullish, 3 somewhat bullish, and 8 indifferent ratings from analysts. The company's average 12-month price target is $236.08, an increase of 7.25% from the previous average of $220.12. No bearish or somewhat bearish ratings were observed.
August 23, 2023 | 4:00 pm
News sentiment analysis
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POSITIVE IMPACT
Paylocity Holding has received mostly positive or neutral ratings from analysts, with an increased 12-month price target. This could potentially lead to increased investor confidence and a positive impact on the stock price.
Analyst ratings are a significant factor that investors consider when making investment decisions. The positive and neutral ratings, along with an increased price target, indicate a positive outlook for Paylocity Holding. This could lead to increased investor interest and a potential rise in the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100