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Paylocity Holding Corp has a consensus price target of $208.48 based on the ratings of 21 analysts. The high is $290 issued by Wolfe Research on August 8, 2022. The low is $153 issued by TD Cowen on June 20, 2024. The 3 most-recent analyst ratings were released by Mizuho, Needham, and Truist Securities on November 4, 2024, November 4, 2024, and November 1, 2024, respectively. With an average price target of $203.33 between Mizuho, Needham, and Truist Securities, there's an implied -1.20% downside for Paylocity Holding Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Paylocity Holding (NASDAQ:PCTY) was reported by Mizuho on November 4, 2024. The analyst firm set a price target for $180.00 expecting PCTY to fall to within 12 months (a possible -12.54% downside). 45 analyst firms have reported ratings in the last year.
The latest analyst rating for Paylocity Holding (NASDAQ:PCTY) was provided by Mizuho, and Paylocity Holding maintained their neutral rating.
The last upgrade for Paylocity Holding Corp happened on October 22, 2024 when Jefferies raised their price target to $200. Jefferies previously had a hold for Paylocity Holding Corp.
The last downgrade for Paylocity Holding Corp happened on January 5, 2024 when Jefferies changed their price target from $240 to $180 for Paylocity Holding Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Paylocity Holding, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Paylocity Holding was filed on November 4, 2024 so you should expect the next rating to be made available sometime around November 4, 2025.
While ratings are subjective and will change, the latest Paylocity Holding (PCTY) rating was a maintained with a price target of $175.00 to $180.00. The current price Paylocity Holding (PCTY) is trading at is $205.80, which is out of the analyst’s predicted range.
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