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Paylocity Holding Corp has a consensus price target of $205.57 based on the ratings of 23 analysts. The high is $315 issued by DA Davidson on October 13, 2021. The low is $145 issued by Jefferies on June 24, 2024. The 3 most-recent analyst ratings were released by Needham, Barclays, and JMP Securities on September 5, 2024, August 5, 2024, and August 5, 2024, respectively. With an average price target of $202 between Needham, Barclays, and JMP Securities, there's an implied 25.65% upside 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 Needham on September 5, 2024. The analyst firm set a price target for $200.00 expecting PCTY to rise to within 12 months (a possible 24.41% upside). 39 analyst firms have reported ratings in the last year.
The latest analyst rating for Paylocity Holding (NASDAQ:PCTY) was provided by Needham, and Paylocity Holding reiterated their buy rating.
The last upgrade for Paylocity Holding Corp happened on March 30, 2023 when DA Davidson raised their price target to $245. DA Davidson previously had a neutral 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 September 5, 2024 so you should expect the next rating to be made available sometime around September 5, 2025.
While ratings are subjective and will change, the latest Paylocity Holding (PCTY) rating was a reiterated with a price target of $200.00 to $200.00. The current price Paylocity Holding (PCTY) is trading at is $160.76, which is out of the analyst’s predicted range.
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