Navigating 10 Analyst Ratings For Paylocity Holding
Portfolio Pulse from Benzinga Insights
Over the past three months, 10 analysts have provided ratings for Paylocity Holding (NASDAQ:PCTY), with a mix of bullish and bearish outlooks. The average 12-month price target has decreased by 4.2% to $187.1. Analysts have adjusted their ratings and price targets in response to market conditions, with some maintaining their stance and others lowering their targets. Paylocity has shown strong financial performance with a 15.83% revenue growth rate, a 13.66% net margin, and a low debt-to-equity ratio of 0.05.
October 02, 2024 | 12:01 pm
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Analysts have mixed ratings for Paylocity Holding, with a decrease in the average price target by 4.2% to $187.1. Despite this, the company shows strong financial performance with significant revenue growth and profitability.
The mixed analyst ratings and decrease in average price target suggest uncertainty in the short-term stock price movement. However, Paylocity's strong financial performance, including high revenue growth and profitability, may counterbalance the negative sentiment, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100