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Paylocity price target raised to $250 from $220 at KeyBanc

Paylocity price target raised to $250 from $220 at KeyBanc

KeyBanc analyst Jason Celino raised the firm’s price target on Paylocity (PCTY) to $250 from $220 and keeps an Overweight rating on the shares. The firm notes Paylocity reported solid Q2 results and raised FY25 guidance by more than it beat. KeyBanc is encouraged by the company’s continued strong execution, stable macro commentary, and the positive FY25 guidance net raise.

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