Cowen analyst Bryan Bergin raised the firm’s price target on Paylocity to $265 from $231 and keeps an Outperform rating on the shares. The analyst said momentum persisted in 2Q with another outsized beat versus guide and solid raise to 2023 guides including robust profitability despite growth investments.
Published first on TheFly
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- Paylocity price target raised to $297 from $276 at Piper Sandler
- 3 Stocks to Buy Today, 2/3/2023, According to Top Analysts
- Paylocity Announces Second Quarter Fiscal Year 2023 Financial Results
- Paylocity sees FY23 revenue $1.156B-$1.161B, consensus $1.12B
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