BTIG assumed coverage of Paylocity (PCTY) with a Buy rating and $180 price target The company’s core business remains resilient and the shares are attractively valued after dropping 23% year-to-date, the analyst tells investors in a research note. BTIG sees potential for an inflection in Paylocity for finance after the Airbase integration is fully complete.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PCTY:
- Paylocity initiated with a Buy at BTIG
- Paylocity Shareholders Approve Key Proposals at Annual Meeting
- Paylocity price target raised to $184 from $172 at TD Cowen
- Paylocity’s Strategic Expansion and Positive Outlook Justify Buy Rating
- Positive Outlook for Paylocity: Anticipated Growth through Airbase Up-sells and Stabilizing Market Conditions