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 influencing Paylocity’s performance. Despite a slight reduction in the FY26 recurring revenue and EPS estimates, this adjustment reflects a cautious approach towards macroeconomic uncertainties rather than a decline in demand or sales cycles. Berg notes that while the growth rate is expected to moderate, the company’s ability to maintain over 10% recurring revenue growth in a typical market remains intact.
Furthermore, the anticipated cross-selling opportunities with Airbase are expected to contribute more significantly in the latter half of FY26, suggesting potential for future growth. This strategic outlook, combined with management’s expected conservative guidance, supports the Buy rating as Paylocity is positioned to navigate current market conditions effectively.
In another report released on July 9, KeyBanc also reiterated a Buy rating on the stock with a $220.00 price target.
Based on the recent corporate insider activity of 177 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PCTY in relation to earlier this year.