Truist analyst Terry Tillman raised the firm’s price target on Paylocity (PCTY) to $210 from $195 and keeps a Buy rating on the shares. The company reported solid Q1 results with upside across the top and bottom lines, in addition to raising its FY25 revenue guidance, though the anticipated Airbase-related EBITDA margin dilution tempers its estimatesthe analyst tells investors in a research note. Truist adds that Paylocity’s top-line momentum is supported by stable demand, favorable sales execution, and referral channel contributions.
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Read More on PCTY:
- Paylocity price target raised to $203 from $175 at BMO Capital
- Paylocity price target raised to $212 from $172 at Piper Sandler
- Paylocity price target raised to $180 from $174 at Barclays
- Paylocity price target raised to $210 from $187 at KeyBanc
- Paylocity price target raised to $215 from $200 at Jefferies
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