Needham analyst Scott Berg maintained a Buy rating on Paylocity today and set a price target of $250.00.
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Scott Berg has given his Buy rating due to a combination of factors, including Paylocity’s strong third-quarter performance and consistent execution in a stable demand environment. He also notes that the Grayscale acquisition should enhance revenue per employee per month by introducing a new premium offering, reinforcing the company’s ability to drive incremental growth.
In addition, Berg highlights Paylocity’s track record of successfully integrating smaller acquisitions and cross-selling them, as well as the launch of a managed service solution that improves the client experience across implementation, payroll, and HR. With fiscal 2026 largely de-risked, he views the company as well positioned to sustain double-digit recurring revenue growth into fiscal 2027, supporting his unchanged $250 price target and Buy rating.
In another report released today, William Blair also reiterated a Buy rating on the stock with a $109.00 price target.