Cantor Fitzgerald reiterates Overweight rating on Paylocity stock
Cantor Fitzgerald has reiterated an Overweight rating and a $190.00 price target for Paylocity Holding (NASDAQ:PCTY), indicating a 43% upside from its current price. Despite industry headwinds like market saturation and slowing employment, Paylocity maintains 13.3% revenue growth, expanded into Finance and IT, and continues a significant share repurchase program. Other analysts like Guggenheim, KeyBanc Capital Markets, and TD Cowen also maintain positive ratings, reflecting confidence in the company's growth and strategic initiatives.
https://www.investing.com/news/analyst-ratings/cantor-fitzgerald-reiterates-overweight-rating-on-paylocity-stock-93CH-4473850