Paylocity (PCTY) Stock Forecast & Price Target

$184.57

+6.41 (+3.60%)

(As of 10/31/2024 ET)

Paylocity - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 15 Analyst Ratings

Sell
0

Hold
4

Buy
11

Based on 15 Wall Street analysts who have issued ratings for Paylocity in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 15 analysts, 4 have given a hold rating, and 11 have given a buy rating for PCTY.

Consensus Price Target

$192.87
4.50% Upside

According to the 15 analysts' twelve-month price targets for Paylocity, the average price target is $192.87. The highest price target for PCTY is $250.00, while the lowest price target for PCTY is $153.00. The average price target represents a forecasted upside of 4.50% from the current price of $184.57.

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PCTY Analyst Ratings Over Time

Type	Current Forecast 11/1/23 to 10/31/24	1 Month Ago 10/2/23 to 10/1/24	3 Months Ago 8/3/23 to 8/2/24	1 Year Ago 11/1/22 to 11/1/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	11 Buy rating(s)	9 Buy rating(s)	10 Buy rating(s)	8 Buy rating(s)
Hold	4 Hold rating(s)	6 Hold rating(s)	7 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$192.87	$179.13	$185.41	$256.80
Forecasted Upside	4.50% Upside	9.99% Upside	17.28% Upside	56.45% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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PCTY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PCTY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Paylocity Stock vs. The Competition

Type	Paylocity	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.73	2.67	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	4.50% Upside	624.21% Upside	10.62% Upside
News Sentiment Rating	Positive News See Recent PCTY News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/31/2024	KeyCorp 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$187.00 ➝ $210.00	+12.26%
10/31/2024	Barclays 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$174.00 ➝ $180.00	-4.03%
10/31/2024	Jefferies Financial Group 2 of 5 stars		Boost Target	Buy ➝ Buy	$200.00 ➝ $215.00	+13.51%
10/31/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$175.00 ➝ $203.00	+13.41%
10/31/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$172.00 ➝ $212.00	+18.99%
10/31/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$200.00 ➝ $220.00	+23.48%
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10/14/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$155.00 ➝ $175.00	+6.38%
8/5/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Outperform ➝ Market Outperform	$250.00 ➝ $250.00	+60.79%
8/2/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$200.00 ➝ $185.00	+17.02%
7/31/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$200.00 ➝ $195.00	+28.96%
6/20/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$180.00 ➝ $153.00	+13.70%
6/18/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$178.00 ➝ $155.00	+15.78%
6/18/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$225.00 ➝ $195.00	+41.34%
6/5/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$205.00 ➝ $185.00	+35.02%
11/7/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$160.00	+12.76%
10/26/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$210.00	+18.25%
8/4/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$215.00	+5.39%
3/30/2023	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Simmons Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$245.00	+27.87%
2/3/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$231.00 ➝ $265.00	+17.24%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 08:39 PM ET.

PCTY Forecast - Frequently Asked Questions

: According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Paylocity is $192.87, with a high forecast of $250.00 and a low forecast of $153.00.
: 15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paylocity in the last twelve months. There are currently 4 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PCTY shares.
: According to analysts, Paylocity's stock has a predicted upside of 4.50% based on their 12-month stock forecasts.
: Over the previous 90 days, Paylocity's stock had 1 upgrade by analysts.
: Paylocity has been rated by research analysts at Barclays, BMO Capital Markets, BTIG Research, Jefferies Financial Group, JMP Securities, KeyCorp, Mizuho, Needham & Company LLC, and Piper Sandler in the past 90 days.
: Analysts like Paylocity more than other "computer and technology" companies. The consensus rating score for Paylocity is 2.73 while the average consensus rating score for "computer and technology" companies is 2.67. Learn more on how PCTY compares to other companies.

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This page (NASDAQ:PCTY) was last updated on 10/31/2024 by MarketBeat.com Staff

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Paylocity (PCTY) Stock Forecast & Price Target