Paylocity price target lowered to $194 from $210 at Piper Sandler

Piper Sandler lowered the firm’s price target on Paylocity to $194 from $210 and keeps an Overweight rating on the shares. The company reported upside to fiscal Q3 estimates as sales continues to benefit from channel performance, the analyst tells investors in a research note. The firm says that while the Q4 guidance came in above consensus, fiscal 2024 targets were lowered on the February earnings call.