Truist raised the firm’s price target on Paylocity (PCTY) to $240 from $210 and keeps a Buy rating on the shares. The company reported “solid” Q2 results with upside in recurring revenue, total revenue, and adjusted EBITDA, driven by solid selling season performance, sales and operational execution, and stable macro backdrop, the analyst tells investors in a research note.
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Read More on PCTY:
- Paylocity price target raised to $242 from $228 at TD Cowen
- Paylocity price target raised to $245 from $235 at Mizuho
- Paylocity price target raised to $265 from $215 at Raymond James
- Paylocity price target raised to $250 from $240 at BMO Capital
- Paylocity price target raised to $254 from $212 at Piper Sandler
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