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的財季首季對股票略有益處。根據分析師向投資者的註釋，在上一季度銷售預測減少後，Paylocity報告了強勁的業績和前景改善。
公司根據Paylocity改善的第一季度表現和更加樂觀的淨流通股和流通股營業收入預測調整了估計。
Paylocity的第一季度財務結果超出預期，銷售/需求評論顯着改善，並與最近幾個季度相比更加一致。公司的業務正在恢復其通常的可預測性，展現出更加常規的業績超越和提升預測的模式，即使在具有挑戰性的宏觀銷售環境中也是如此。
投資者對Paylocity進入其第一季度結果的情緒是積極的，這得益於一個強勁的季度超出預期和隨後提高的預測，展示出堅實的基礎執行。Airbase的收購被視爲公司長期定位的戰略利好，同時Paylocity在利用其基礎利潤率方面保持了值得稱讚的紀律，以在可能降低利率和Airbase的稀釋影響的氛圍中航行。
Paylocity在第一季度表現出色，營業收入和利潤均超出預期，這在很大程度上得益於強勁的銷售執行和增強的成本管理。公司已將其FY25營收展望上調，以包括Airbase的貢獻，併爲潛在有機增長增加了適度增長。儘管如此，EBITDA預測已略微調整，以顧及可能出現的利率下降和Airbase帶來的稀釋影響。
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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