Needham analyst Scott Berg maintains $Paylocity (PCTY.US)$ with a buy rating, and maintains the target price at $220.
According to TipRanks data, the analyst has a success rate of 39.6% and a total average return of -8.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Paylocity (PCTY.US)$'s main analysts recently are as follows:
Paylocity, along with Paycom, reported September quarter results that surpassed expectations, indicating a stabilization in growth despite the prevailing economic uncertainties.
The firm has revised its estimates for Paylocity following a stronger than anticipated performance in Q1, paired with an enhanced growth forecast that spans both ex-float and float revenue segments.
Note:
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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.
