The Analyst Landscape: 11 Takes On Paylocity Holding
Portfolio Pulse from Benzinga Insights
Analysts have provided mixed reviews on Paylocity Holding (NASDAQ:PCTY) over the past three months, with a total of 11 ratings ranging from bullish to indifferent. The average 12-month price target is now $205.00, down 18.29% from the previous average, with a high estimate of $250.00 and a low of $160.00. Several analysts have lowered their price targets and ratings, while one has raised their target. Paylocity is a payroll and HCM solutions provider, showing strong revenue growth and net margin but lagging in ROE and ROA compared to industry standards.
January 05, 2024 | 1:00 pm
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NEGATIVE IMPACT
Analysts have mixed opinions on Paylocity, with recent downgrades in price targets and ratings, but one upgrade. The average price target has decreased, indicating potential pressure on the stock price in the short term.
The reduction in the average price target by analysts suggests that there is a negative sentiment towards the stock, which could lead to a decrease in its price in the short term. The mixed ratings indicate uncertainty, but the predominance of lowered targets and the significant drop in the average target price are likely to weigh on investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100