TD Cowen analyst Jared Levine maintained a Buy rating on Paylocity today and set a price target of $225.00.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Jared Levine’s rating is based on a combination of factors including the adjustments made to Paylocity’s future financial estimates. Despite minor changes to the fiscal year 2025 projections, Levine anticipates a reduction in fiscal year 2026 revenue due to a conservative initial guidance, although this is somewhat balanced by expected higher float revenue.
Levine has also adjusted the out-year estimates for adjusted EBITDA, free cash flow, and earnings per share, reflecting the anticipated revenue changes and additional investments in fiscal year 2026. The price target is set at $225, which is derived from a 32 times multiple of the calendar year 2026 estimated enterprise value to free cash flow ratio.
According to TipRanks, Levine is an analyst with an average return of -4.6% and a 35.48% success rate. Levine covers the Technology sector, focusing on stocks such as Paycom, Paylocity, and Dayforce Inc.