Needham Maintains Buy on Paylocity Holding, Lowers Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Scott Berg has maintained a 'Buy' rating on Paylocity Holding (NASDAQ:PCTY), but lowered the price target from $325 to $200.
November 03, 2023 | 11:27 am
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Needham analyst has maintained a 'Buy' rating on Paylocity Holding but lowered the price target from $325 to $200.
The news is directly related to Paylocity Holding. The maintained 'Buy' rating indicates a positive outlook for the company, but the lowered price target may suggest a slower growth rate than previously expected. This could have a neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100