The Analyst Verdict: Paylocity Holding In The Eyes Of 7 Experts
Portfolio Pulse from Benzinga Insights
Analysts have mixed views on Paylocity Holding (NASDAQ:PCTY), with ratings ranging from bullish to bearish. The average 12-month price target is $201.0, a decrease of 2.19% from previous estimates. Recent actions by analysts include maintaining, raising, and lowering ratings and price targets. Paylocity, a provider of payroll and HCM solutions, has shown strong market presence, revenue growth, and financial health but faces challenges in ROE and ROA.
February 09, 2024 | 12:00 pm
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NEUTRAL IMPACT
Analysts' mixed ratings and a slight decrease in the average price target may create short-term volatility in Paylocity's stock. Strong revenue growth and financial health indicators could support positive sentiment.
The mixed analyst ratings and the slight decrease in the average price target suggest uncertainty, which could lead to short-term volatility. However, Paylocity's strong revenue growth and financial health indicators, such as above-average market capitalization and net margin, may provide a buffer against negative sentiment. The challenges in ROE and ROA are areas of concern but may already be factored into analysts' evaluations.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100