BMO Capital analyst Daniel Jester lowered the firm’s price target on Paylocity (PCTY) to $185 from $200 and keeps an Outperform rating on the shares. The company’s Q1 results were consistent with the upside flagged in the firm’s preview, and the small lift to FY26 recurring ex float growth guidance was an “okay outcome” against tempered expectations following ADP‘s (ADP) results, the analyst tells investors in a research note.
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Read More on PCTY:
- Paylocity’s Strong Performance and Growth Potential Justify Buy Rating
- Balanced Outlook for Paylocity: Strong Q1 Results and Long-term Targets Amid Growth Challenges
- Paylocity price target lowered to $180 from $225 at Jefferies
- Paylocity price target lowered to $245 from $270 at Citizens JMP
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