Paylocity price target raised to $210 from $207 at Piper Sandler

Piper Sandler raised the firm’s price target on Paylocity to $210 from $207 and keeps an Overweight rating on the shares. Paylocity’s Q2 results were ahead of expectations, with revenue growth up 20% and adjusted EBITDA of 34.5%, the analyst tells investors in a research note. The firm expects the stock to be pressured in the near-time.