On Nov 01, major Wall Street analysts update their ratings for $Paylocity (PCTY.US)$, with price targets ranging from $180 to $250.
BofA Securities analyst Michael Funk maintains with a hold rating, and adjusts the target price from $195 to $205.
Barclays analyst Raimo Lenschow maintains with a hold rating, and adjusts the target price from $174 to $180.
UBS analyst Kevin Mcveigh maintains with a hold rating, and adjusts the target price from $175 to $184.
Jefferies analyst Samad Samana maintains with a buy rating, and adjusts the target price from $200 to $215.
TD Cowen analyst Jared Levine maintains with a buy rating, and maintains the target price at $208.
Furthermore, according to the comprehensive report, the opinions of $Paylocity (PCTY.US)$'s main analysts recently are as follows:
The firm views Paylocity's fiscal first quarter as slightly beneficial for the stock. Following a reduction in sales forecasts in the previous quarter, Paylocity reported a robust performance and outlook improvement, according to the analyst's notes to investors.
The firm has adjusted its estimates in light of Paylocity's improved Q1 performance and a more optimistic growth prognosis for both ex-float and float revenue streams.
Paylocity's Q1 financial results surpassed expectations, with the sales/demand commentary appearing significantly improved and more consistent compared to recent quarters. The company's business is showing a return to its usual predictability, demonstrating a more regular pattern of outperforming and elevating forecasts, even amidst challenging macro sales conditions.
Investor sentiment was positive for Paylocity heading into its Q1 results, which were reinforced by a strong quarter exceeding expectations and subsequent raised forecasts, demonstrating solid underlying execution. The acquisition of Airbase is seen as strategically beneficial for the long-term positioning of the company, with Paylocity also maintaining commendable discipline in leveraging its underlying margins as it navigates a climate of potentially lower rates.
Paylocity's solid performance in Q1, surpassing expectations for both revenue and earnings, is largely due to robust sales execution and enhanced cost management. The company has revised its FY25 revenue outlook upwards to include contributions from Airbase, and has added a modest increase for potential organic growth. Nevertheless, EBITDA projections have been marginally adjusted to accommodate for potential headwinds from interest rate reductions and the dilutive impact of Airbase.
Here are the latest investment ratings and price targets for $Paylocity (PCTY.US)$ from 13 analysts:
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美東時間11月1日，多家華爾街大行更新了$Paylocity (PCTY.US)$的評級，目標價介於180美元至250美元。
美銀證券分析師Michael Funk維持持有評級，並將目標價從195美元上調至205美元。
巴克萊銀行分析師Raimo Lenschow維持持有評級，並將目標價從174美元上調至180美元。
瑞士銀行分析師Kevin Mcveigh維持持有評級，並將目標價從175美元上調至184美元。
富瑞集團分析師Samad Samana維持買入評級，並將目標價從200美元上調至215美元。
TD Cowen分析師Jared Levine維持買入評級，維持目標價208美元。
此外，綜合報道，$Paylocity (PCTY.US)$近期主要分析師觀點如下：
公司認爲paylocity的第一個財季對股票略有益處。 鑑於上一季銷售預測下調，paylocity報告顯示業績強勁，展望改善，根據分析師向投資者提供的筆記。
公司根據paylocity改善的Q1表現和對浮股和流通股營業收入預測更爲樂觀，調整了其估計值。
paylocity的Q1財務業績超出預期，銷售/需求評論顯著改善，並且與最近幾個季度相比更爲一致。 公司的業務正在恢復其通常的可預測性，展現了更爲常規的業績優於預期和提振預測的模式，即使在具有挑戰性的宏觀銷售條件下也是如此。
投資者情緒在paylocity的Q1成果之前是積極的，這得到了強勁季度超出預期並隨後提高預測的支撐，顯示了紮實的基礎執行。 雖然Airbase的收購被視爲對公司長期定位有利，paylocity在利用其基本利潤率的能力上保持着令人稱讚的紀律，同時在導航潛在較低利率時考慮Airbase帶來的抵消衝擊。
paylocity在Q1表現出色，營收和收益均超出預期，這在很大程度上歸功於強勁的銷售執行和增強的成本管理。 公司已將其2025財年的營收展望上調，以包括來自Airbase的貢獻，併爲潛在的有機增長增加了適度的增長。 然而，EBITDA預測已經略微調整以適應潛在的利率下降和Airbase的抵消性衝擊。
以下爲今日13位分析師對$Paylocity (PCTY.US)$的最新投資評級及目標價：
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