Jefferies analyst Samad Samana raised the firm’s price target on Paylocity (PCTY) to $215 from $200 and keeps a Buy rating on the shares. The company started FY25 “strong out the gate” with a total revenue beat and margin upside, says the analyst, who also notes that management flowed through slightly more than the fiscal Q1 upside and the Airbase contribution into the revised FY25 revenue guidance in what the firm calls “an important signal of mgmt’s confidence.” The firm believes investors will “reward PCTY’s return to the beat-and-raise club,” the analyst added.
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Read More on PCTY:
- Paylocity’s Strong Start in Fiscal Year 2025
- Paylocity reports Q1 EPS 88c, may not compare to consensus $1.41
- Paylocity sees Q2 revenue$364M-$369M, consensus $358.23M
- Paylocity sees FY25 revenue $1.535B-$1.55B, consensus $1.52B
- PCTY Earnings Report this Week: Is It a Buy, Ahead of Earnings?
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