JMP Securities Maintains Market Outperform on Paylocity Holding, Lowers Price Target to $250
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Patrick Walravens maintains a Market Outperform rating on Paylocity Holding (NASDAQ:PCTY) but lowers the price target from $320 to $250.
November 03, 2023 | 7:46 pm
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NEUTRAL IMPACT
Despite the lowered price target from $320 to $250, JMP Securities maintains a Market Outperform rating on Paylocity Holding.
The news is directly about Paylocity Holding and its rating by JMP Securities. The lowered price target might indicate a potential downside, but the maintained Market Outperform rating suggests that the analyst still sees the company as a good investment. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100