Truist Financial analyst Terry Tillman maintains $Paylocity (PCTY.US)$ with a buy rating, and maintains the target price at $210.
According to TipRanks data, the analyst has a success rate of 61.9% and a total average return of 14.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Paylocity (PCTY.US)$'s main analysts recently are as follows:
The perception of Paylocity's fiscal Q1 results has been slightly positive for the stock. Following a reduction in sales forecasts in the previous quarter, the company has announced a commendable performance with results exceeding expectations.
The firm has revised its estimates following Paylocity's stronger than expected performance in the first quarter, coupled with an improved growth forecast for both ex-float and float revenue.
Paylocity has exhibited stronger than anticipated financial outcomes for Q1, with sales and demand commentary appearing significantly improved and more consistent compared to previous quarters. The company has seen a return to its usual predictability, achieving a more regular pattern of surpassing expectations and upgrading projections, even amid challenging macroeconomic sales conditions.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
