Piper Sandler analyst Arvind Ramnani raised the firm’s price target on Paylocity to $297 from $276 and keeps an Overweight rating on the shares. The company continued its trend of beat and raises, with Q2 results ahead of expectations, the analyst tells investors in a research note. The firm remains optimistic on Paylocity’s investments in driving employee engagement.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on PCTY:
- 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
- Paylocity sees Q3 revenue $330.5M-$334.5M, consensus $318.65M
- Paylocity reports Q2 non-GAAP EPS $1.12, consensus 73c