Baird analyst Mark Marcon raised the firm’s price target on Paylocity to $311 from $305 and keeps an Outperform rating on the shares. The analyst said they posted another impressive quarter of better-than-expected revenue and earnings growth driven by continued new logo share gains and higher float income.
Published first on TheFly
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Read More on PCTY:
- 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
- Paylocity sees Q3 revenue $330.5M-$334.5M, consensus $318.65M
