TD Cowen analyst Bryan Bergin raised the firm’s price target on Paylocity to $260 from $253 and keeps an Outperform rating on the shares. The firm said a solid 4Q and healthy outlook with consistent demand while PPC weighs on initial FY24 outlook as expected, but they believe managment is being prudent.
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Read More on PCTY:
- Paylocity sees fiscal 2024 revenue $1.405B-$1.41B, consensus $1.41B
- Paylocity sees Q1 revenue $314.1M-$318.1M, consensus $315.7M
- Paylocity reports Q4 EPS $1.32, consensus $1.14
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