Needham analyst Scott Berg maintained a Buy rating on Paylocity (NASDAQ:PCTY) on Friday, setting a price target of $260, which is approximately 18.57% above the present share price of $219.28.
Berg expects Paylocity to post earnings per share (EPS) of $0.68 for the third quarter of 2021.
The current consensus among 9 TipRanks analysts is for a Strong Buy rating of shares in Paylocity, with an average price target of $215.86.
The analysts price targets range from a high of $260 to a low of $184.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $186.05 million and a net profit of $39.14 million. The company's market cap is $11.95 billion.
According to TipRanks.com, Needham analyst Scott Berg is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 33.4% and a 76.29% success rate.
Paylocity Holding Corp. engages in the development and provision of cloud-based software solution. It offers cloud-based payroll, human capital management applications, time labor tracking, benefits administration, and talent management. The company was founded on November 6, 2013 and is headquartered in Arlington Heights, IL.