TD Cowen Maintains Outperform on Paylocity Holding, Lowers Price Target to $185
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Bryan Bergin has maintained an Outperform rating on Paylocity Holding (NASDAQ:PCTY) but has reduced the price target from $195 to $185.

December 11, 2023 | 4:37 pm
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TD Cowen analyst Bryan Bergin maintains an Outperform rating on Paylocity Holding but lowers the price target from $195 to $185.
While the reduction in price target could suggest a slightly more cautious view on the stock's valuation or growth prospects, maintaining an Outperform rating indicates that the analyst still sees positive performance in the future. The impact on the stock price is likely to be neutral in the short term as the positive rating is counterbalanced by the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100