The Latest Analyst Ratings For Paylocity Holding
Portfolio Pulse from Benzinga Insights
Paylocity Holding (NASDAQ:PCTY) has been analyzed by 7 analysts in the last three months, showing a mix of bullish to indifferent sentiments. The recent ratings indicate a shift towards a more cautious outlook, with one somewhat bullish rating in the last 30 days compared to three bullish and two somewhat bullish ratings three months ago. The average 12-month price target for PCTY has decreased to $192.14 from $206.80, reflecting a 7.09% drop. Analysts from firms like Piper Sandler, Truist Securities, and Keybanc have adjusted their price targets and ratings, indicating a nuanced view of Paylocity's market position. Despite the mixed analyst outlook, Paylocity has shown strong financial performance with a 19.54% revenue growth rate, an impressive net margin of 11.68%, and efficient asset management as indicated by its ROA of 0.94%.
May 03, 2024 | 1:00 pm
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Paylocity Holding has received mixed analyst ratings with a recent shift towards a more cautious outlook, alongside a decrease in the average 12-month price target. However, the company's strong financial performance, including significant revenue growth and high net margin, may counterbalance the negative sentiment from the lowered price targets.
The mixed analyst ratings and lowered price targets suggest a cautious outlook for PCTY in the short term. However, the company's strong financial indicators, such as high revenue growth and net margin, suggest underlying strength. This contrast may lead to neutral short-term price movement as investors weigh the analyst sentiments against the company's financial performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100