Baird Maintains Outperform on Paylocity Holding, Lowers Price Target to $195
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Mark Marcon maintains an Outperform rating on Paylocity Holding (NASDAQ:PCTY) but lowers the price target from $225 to $195.
June 18, 2024 | 11:39 am
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Baird analyst Mark Marcon maintains an Outperform rating on Paylocity Holding but lowers the price target from $225 to $195.
The Outperform rating suggests continued confidence in Paylocity's performance, but the lowered price target indicates some caution about its near-term growth potential. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100