Baird lowered the firm’s price target on Paylocity (PCTY) to $220 from $245 and keeps an Outperform rating on the shares. The firm updated its model following results which showed outstanding progress on margins and free cash flow.
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Read More on PCTY:
- Paylocity price target lowered to $178 from $188 at TD Cowen
- Paylocity price target lowered to $145 from $150 at UBS
- Paylocity price target lowered to $150 from $185 at BMO Capital
- Paylocity price target lowered to $165 from $188 at Stifel
- Reaffirming Paylocity as a Buy: Consistent Outperformance, Expanding Product Suite, and Reinvestment-Fueled Growth