Guggenheim analyst Jacob Smith upgraded Paylocity (PCTY) to Buy from Neutral with an $180 price target which represents 27% potential upside. Despite employment headwinds and the emergence of artificial intelligence in the workforce, shares of Paylocity offer more reward than risk, the analyst tells investors in a research note. The firm says the company has proven it can properly set and execute on expectations. It believes Paylocity is positioned for a “beat-and-raise cadence” throughout fiscal 2026.
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