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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美东时间11月1日，多家华尔街大行更新了$Paylocity (PCTY.US)$的评级，目标价介于180美元至250美元。
美银证券分析师Michael Funk维持持有评级，并将目标价从195美元上调至205美元。
巴克莱银行分析师Raimo Lenschow维持持有评级，并将目标价从174美元上调至180美元。
瑞士银行分析师Kevin Mcveigh维持持有评级，并将目标价从175美元上调至184美元。
富瑞集团分析师Samad Samana维持买入评级，并将目标价从200美元上调至215美元。
TD Cowen分析师Jared Levine维持买入评级，维持目标价208美元。
此外，综合报道，$Paylocity (PCTY.US)$近期主要分析师观点如下：
该公司认为paylocity的财务第一季度对股票稍有利好。根据分析师向投资者的报告，前一个季度销售预测下调后，Paylocity报告了强劲的业绩和前景改善。
该公司根据Paylocity改进的Q1业绩和更乐观的业务增长预期，调整了其估算。
Paylocity的Q1财务业绩超出预期，销售/需求评论明显改善，与最近几个季度相比更加一致。公司的业务正在回归其通常的可预测性，展示了更加常规的业绩优于预期和提高预测的模式，即使在具有挑战性的宏观销售环境中也是如此。
投资者对Paylocity进入Q1成果的情绪是积极的，这得益于超出预期的强劲季度和随后提高的预测，展示了坚实的基础执行。Airbase的收购被视为公司长期定位的战略有利因素，Paylocity在利用基础利润率时保持了值得称赞的纪律，以应对潜在的利率下降和Airbase带来的稀释影响。
Paylocity在Q1表现稳健，超出了营业收入和收益的预期，主要归功于强劲的销售执行和增强的成本管理。公司已将FY25营业收入展望上调，以包括来自Airbase的贡献，并为潜在的有机增长增加了适度。然而，由于利率降低和Airbase的稀释影响可能带来阻力，EBITDA预测已经略作调整。
以下为今日13位分析师对$Paylocity (PCTY.US)$的最新投资评级及目标价：
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