Beyond The Numbers: 12 Analysts Discuss Paylocity Holding Stock
Portfolio Pulse from Benzinga Insights
Over the past three months, 12 analysts have evaluated Paylocity Holding (NASDAQ:PCTY), showing a range of opinions from bullish to bearish. Recent ratings reveal a shift in sentiment, with a notable decrease in the average 12-month price target. Analysts have adjusted their ratings and price targets, reflecting their evolving views on the company's performance and market conditions.
July 16, 2024 | 9:01 pm
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NEGATIVE IMPACT
Analysts have shown a range of opinions on Paylocity Holding (NASDAQ:PCTY) over the past three months, with recent ratings indicating a shift in sentiment. The average 12-month price target has decreased by 6.55%, reflecting concerns about the company's future performance.
The decrease in the average 12-month price target by 6.55% and the lowering of ratings by several analysts indicate a negative shift in sentiment towards Paylocity Holding. This suggests potential short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100