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Paylocity (PCTY) Stock Forecast, Price Target & Predictions

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PCTY Stock Forecast

Paylocity stock forecast is as follows: an average price target of $197.33 (represents a 0.58% upside from PCTY’s last price of $196.20) and a rating consensus of 'Buy', based on 16 wall street analysts offering a 1-year stock forecast.

PCTY Price Target

The average price target for Paylocity (PCTY) is $197.33 based on 1-year price targets from 16 Wall Street analysts in the past 3 months, with a price target range of $220.00 to $171.00. This represents a potential 0.58% upside from PCTY's last price of $196.20.

PCTY Analyst Ratings

Buy

According to 16 Wall Street analysts, Paylocity's rating consensus is 'Buy'. The analyst rating breakdown for PCTY stock is 0 'Strong Buy' (0.00%), 11 'Buy' (68.75%), 5 'Hold' (31.25%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Paylocity Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 31, 2024Daniel JesterBMO Capital$203.00$184.579.99%3.47%
Oct 31, 2024Arvind RamnaniPiper Sandler$212.00$178.1618.99%8.05%
Oct 31, 2024Scott BergNeedham$220.00$178.1623.48%12.13%
Oct 21, 2024Samad SamanaJefferies$200.00$171.4516.65%1.94%
Oct 17, 2024Scott BergNeedham$200.00$171.4216.67%1.94%
Oct 14, 2024Siti PanigrahiMizuho Securities$175.00$164.516.38%-10.81%
Sep 05, 2024Daniel JesterBMO Capital$175.00$156.2711.99%-10.81%
Aug 02, 2024Brad RebackStifel Nicolaus$205.00$151.5535.27%4.49%
Jul 31, 2024Terry TillmanTruist Financial$195.00$148.6531.18%-0.61%
Jul 19, 2024Jason CelinoKeyBanc$171.00$140.8921.37%-12.84%
Jun 23, 2024Samad SamanaJefferies$145.00$135.986.63%-26.10%
Jun 18, 2024Mark MarconRobert W. Baird$195.00$133.8745.66%-0.61%
May 03, 2024Arvind RamnaniPiper Sandler$194.00$171.8812.87%-1.12%
May 03, 2024Josh BeckKeyBanc$200.00$171.9516.31%1.94%
Feb 03, 2023Piper Sandler$297.00$226.0431.39%51.38%
Aug 08, 2022Wolfe Research$290.00$255.2613.61%47.81%
Aug 05, 2022Piper Sandler$269.00$257.604.43%37.10%
Aug 05, 2022Raymond James$265.00$226.4617.02%35.07%
Aug 05, 2022Robert W. Baird$305.00$226.4634.68%55.45%
Aug 05, 2022Mizuho Securities$230.00$226.461.56%17.23%
Jul 18, 2022Piper Sandler$195.00$180.548.01%-0.61%
Jun 23, 2022Josh BeckKeyBanc$205.00$172.2319.03%4.49%
May 23, 2022Jefferies$200.00$166.2620.29%1.94%
May 06, 2022Credit Suisse$195.00$181.127.66%-0.61%
May 06, 2022Piper Sandler$232.00$188.8722.84%18.25%
Feb 04, 2022Siti PanigrahiMizuho Securities$200.00$217.00-7.83%1.94%
Jan 25, 2022Josh BeckKeyBanc$225.00$185.6821.18%14.68%
Jan 10, 2022Patrick WalravensJMP Securities$320.00$212.1050.87%63.10%
May 07, 2021Matthew HedbergRBC Capital$215.00$168.4427.64%9.58%
Apr 22, 2021Alex ZukinWolfe Research$200.00$194.063.06%1.94%

The latest Paylocity stock forecast, released on Oct 31, 2024 by Daniel Jester from BMO Capital, set a price target of $203.00, which represents a 9.99% increase from the stock price at the time of the forecast ($184.57), and a 3.47% increase from PCTY last price ($196.20).

Paylocity Price Target by Period

1M3M12M
# Anlaysts-614
Avg Price Target-$201.67$192.14
Last Closing Price$196.20$196.20$196.20
Upside/Downside-100.00%2.79%-2.07%

In the current month, the average price target of Paylocity stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Paylocity's last price of $196.20. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Dec 09, 2024JefferiesBuyBuyHold
Dec 09, 2024Cowen & Co.BuyBuyHold
Oct 31, 2024Piper SandlerOverweightOverweightHold
Oct 31, 2024KeyBancOverweightOverweightHold
Oct 22, 2024CitigroupNeutralBuyUpgrade
Oct 22, 2024NeedhamUnderperformUnderperformHold
Oct 21, 2024JefferiesHoldBuyUpgrade
Oct 17, 2024BMO CapitalOutperformOutperformHold
Oct 17, 2024NeedhamBuyBuyHold
Oct 11, 2024BarclaysEqual-WeightEqual-WeightHold
Oct 02, 2024Piper SandlerMarket OutperformMarket OutperformHold
Sep 05, 2024Cowen & Co.BuyBuyHold
Sep 05, 2024NeedhamUnderperformUnderperformHold
Sep 05, 2024Piper SandlerMarket OutperformMarket OutperformHold
Sep 05, 2024BMO CapitalOutperformOutperformHold
Aug 02, 2024NeedhamBuyBuyHold
Aug 02, 2024Cowen & Co.BuyBuyHold
Jul 19, 2024KeyBancOverweightOverweightHold
Jul 16, 2024NeedhamUnderperformUnderperformHold
Jul 16, 2024Piper SandlerBuyBuyHold
Jun 23, 2024JefferiesHoldHoldHold
Jun 20, 2024Cowen & Co.BuyBuyHold
Jun 18, 2024Piper SandlerBuyBuyHold
Jun 18, 2024NeedhamUnderperformUnderperformHold
May 22, 2024Piper SandlerBuyBuyHold
May 22, 2024NeedhamUnderperformUnderperformHold
May 22, 2024CitigroupNeutralNeutralHold
May 03, 2024Piper SandlerOverweightOverweightHold
May 03, 2024Sandler O'NeilUnderperformUnderperformHold
May 03, 2024Sandler O'NeillBuyBuyHold
May 03, 2024Cowen & Co.BuyBuyHold
May 03, 2024BarclaysEqual-WeightEqual-WeightHold
May 03, 2024KeyBancOverweightOverweightHold
Feb 09, 2024Piper SandlerOverweightOverweightHold
Feb 09, 2024Piper SandlerMarket OutperformMarket OutperformHold
Feb 09, 2024NeedhamUnderperformUnderperformHold
Jan 22, 2024Piper SandlerUnderperformUnderperformHold
Jan 22, 2024UBSMarket OutperformMarket OutperformHold
Jan 05, 2024Sandler O'NeillUnderperformUnderperformHold
Jan 05, 2024UBSBuyBuyHold
Nov 03, 2023Piper SandlerOverweightOverweightHold
Nov 03, 2023NeedhamBuyBuyHold
Aug 04, 2023Piper SandlerOverweightOverweightHold
Mar 30, 2023Morgan StanleyEqual-WeightDowngrade
Mar 30, 2023Canaccord GenuityHoldInitialise
Mar 30, 2023Argus ResearchHoldDowngrade
Mar 30, 2023Goldman SachsNeutralUpgrade
Mar 30, 2023MoffettNathansonOutperformUpgrade
Feb 03, 2023Cowen & Co.OutperformOutperformHold
Feb 03, 2023Piper SandlerOverweightOverweightHold
Aug 08, 2022Wolfe ResearchOutperformOutperformHold
Aug 05, 2022Raymond JamesOutperformOutperformHold
Jul 18, 2022Piper SandlerOverweightOverweightHold
Jun 23, 2022KeyBancOverweightOverweightHold
May 23, 2022JefferiesBuyBuyHold

Paylocity's last stock rating was published by Jefferies on Dec 09, 2024. The company gave PCTY a "Buy" rating, the same as its previous rate.

Paylocity Financial Forecast

Paylocity Revenue Forecast

Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
Revenue--------------$326.36M$317.59M$308.45M$339.86M$273.01M$253.28M$228.95M$245.97M$196.04M$181.70M$167.45M$186.05M$146.33M$135.79M$130.59M$171.65M
Avg Forecast$486.56M$549.83M$457.64M$447.25M$422.86M$482.73M$400.86M$393.04M$381.47M$433.33M$367.01M$358.34M$350.29M$397.23M$324.58M$316.43M$301.59M$333.16M$259.68M$239.83M$217.96M$241.65M$188.63M$174.09M$162.17M$185.26M$143.40M$134.02M$126.58M$166.28M
High Forecast$490.08M$553.81M$460.95M$450.48M$425.92M$486.23M$403.76M$395.89M$384.23M$435.82M$369.48M$359.34M$350.29M$397.23M$326.24M$319.41M$303.77M$335.57M$261.56M$239.83M$217.96M$241.65M$188.63M$174.09M$162.17M$185.26M$143.40M$134.02M$126.58M$166.28M
Low Forecast$483.05M$545.87M$454.34M$444.03M$419.81M$479.26M$397.98M$390.21M$378.72M$430.92M$366.07M$357.35M$350.29M$397.23M$323.14M$314.81M$299.41M$330.76M$257.81M$239.83M$217.96M$241.65M$188.63M$174.09M$162.17M$185.26M$143.40M$134.02M$126.58M$166.28M
# Analysts55107558541111574916891277813889131599
Surprise %--------------1.01%1.00%1.02%1.02%1.05%1.06%1.05%1.02%1.04%1.04%1.03%1.00%1.02%1.01%1.03%1.03%

Paylocity's average Quarter revenue forecast for Mar 24 based on 4 analysts is $397.23M, with a low forecast of $397.23M, and a high forecast of $397.23M. PCTY's average Quarter revenue forecast represents a 21.71% increase compared to the company's last Quarter revenue of $326.36M (Dec 23).

Paylocity EBITDA Forecast

Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
# Analysts55107558541111574916891277813889131599
EBITDA--------------$49.71M$41.19M$49.35M$95.76M$33.03M$21.36M$32.63M$60.41M$19.83M$21.46M$19.91M$49.94M$16.81M$13.43M$16.15M$57.75M
Avg Forecast$90.13M$101.85M$84.77M$82.85M$78.33M$89.42M$74.26M$72.81M$70.66M$80.27M$67.98M$66.38M$64.89M$64.82M$60.13M$58.62M$55.87M$51.24M$9.60M$44.40M$40.36M$40.50M$34.93M$32.23M$30.03M$34.28M$26.55M$24.81M$23.44M$47.02M
High Forecast$90.78M$102.59M$85.39M$83.45M$78.90M$90.07M$74.79M$73.33M$71.17M$80.73M$68.44M$66.56M$64.89M$77.78M$60.43M$59.17M$56.27M$61.49M$11.52M$44.40M$40.36M$48.61M$34.93M$32.23M$30.03M$41.14M$26.55M$24.81M$23.44M$56.43M
Low Forecast$89.48M$101.12M$84.16M$82.25M$77.77M$88.78M$73.72M$72.28M$70.15M$79.82M$67.81M$66.19M$64.89M$51.85M$59.86M$58.32M$55.46M$40.99M$7.68M$44.40M$40.36M$32.40M$34.93M$32.23M$30.03M$27.43M$26.55M$24.81M$23.44M$37.62M
Surprise %--------------0.83%0.70%0.88%1.87%3.44%0.48%0.81%1.49%0.57%0.67%0.66%1.46%0.63%0.54%0.69%1.23%

4 analysts predict PCTY's average Quarter EBITDA for Mar 24 to be $64.82M, with a high of $77.78M and a low of $51.85M. This is 30.40% upper than Paylocity's previous annual EBITDA (Dec 23) of $49.71M.

Paylocity Net Income Forecast

Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
# Analysts55107558541111574916891277813889131599
Net Income--------------$38.12M$34.52M$90.78M$57.62M$15.60M$30.35M$15.15M$34.85M$9.85M$30.93M$11.88M$36.83M$9.64M$12.46M$4.95M$40.13M
Avg Forecast$126.30M$167.00M$107.42M$101.93M$92.64M$131.57M$87.37M$88.00M$79.65M$118.70M$79.80M$83.66M$72.66M$37.58M$71.75M$63.42M$64.44M$29.71M$4.77M$36.49M$30.23M$23.48M$23.76M$21.80M$16.99M$25.29M$14.38M$8.60M$7.23M$32.68M
High Forecast$127.49M$168.57M$108.43M$102.89M$93.51M$132.81M$88.19M$88.83M$80.40M$125.75M$92.53M$87.39M$74.11M$45.09M$83.61M$76.22M$65.76M$35.65M$5.72M$36.49M$30.23M$28.18M$23.76M$21.80M$16.99M$30.35M$14.38M$8.60M$7.23M$39.21M
Low Forecast$125.12M$165.43M$106.41M$100.98M$91.77M$130.34M$86.56M$87.17M$78.91M$115.76M$76.33M$79.94M$71.21M$30.06M$65.82M$55.63M$63.11M$23.76M$3.82M$36.49M$30.23M$18.79M$23.76M$21.80M$16.99M$20.23M$14.38M$8.60M$7.23M$26.14M
Surprise %--------------0.53%0.54%1.41%1.94%3.27%0.83%0.50%1.48%0.41%1.42%0.70%1.46%0.67%1.45%0.68%1.23%

Paylocity's average Quarter net income forecast for Mar 24 is $37.58M, with a range of $30.06M to $45.09M. PCTY's average Quarter net income forecast represents a -1.41% decrease compared to the company's last Quarter net income of $38.12M (Dec 23).

Paylocity SG&A Forecast

Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
# Analysts55107558541111574916891277813889131599
SG&A--------------$123.12M$130.32M$121.85M$121.44M$123.69M$121.56M$103.84M$97.38M$91.80M$85.12M$79.04M$71.13M$67.10M$64.32M$61.05M$60.21M
Avg Forecast$206.39M$233.23M$194.12M$189.71M$179.37M$204.77M$170.04M$166.72M$161.81M$183.81M$155.68M$152.00M$148.58M$105.02M$137.68M$134.22M$127.93M$83.02M$44.43M$101.41M$92.16M$65.63M$79.76M$73.61M$68.57M$48.83M$60.64M$56.67M$53.52M$49.03M
High Forecast$207.88M$234.91M$195.53M$191.09M$180.67M$206.25M$171.27M$167.93M$162.98M$184.87M$156.73M$152.42M$148.58M$126.02M$138.39M$135.49M$128.85M$99.62M$53.32M$101.41M$92.16M$78.75M$79.76M$73.61M$68.57M$58.60M$60.64M$56.67M$53.52M$58.84M
Low Forecast$204.90M$231.55M$192.72M$188.35M$178.08M$203.29M$168.81M$165.52M$160.65M$182.79M$155.28M$151.58M$148.58M$84.02M$137.07M$133.54M$127.01M$66.42M$35.54M$101.41M$92.16M$52.50M$79.76M$73.61M$68.57M$39.07M$60.64M$56.67M$53.52M$39.22M
Surprise %--------------0.89%0.97%0.95%1.46%2.78%1.20%1.13%1.48%1.15%1.16%1.15%1.46%1.11%1.13%1.14%1.23%

Paylocity's average Quarter SG&A projection for Mar 24 is $105.02M, based on 4 Wall Street analysts, with a range of $84.02M to $126.02M. The forecast indicates a -14.70% fall compared to PCTY last annual SG&A of $123.12M (Dec 23).

Paylocity EPS Forecast

Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
# Analysts55107558541111574916891277813889131599
EPS--------------$0.68$0.62$1.62$1.03$0.28$0.55$0.27$0.63$0.18$0.56$0.22$0.68$0.18$0.23$0.09$0.75
Avg Forecast$2.24$2.97$1.91$1.81$1.65$2.34$1.55$1.56$1.42$2.11$1.42$1.49$1.29$1.98$1.28$1.13$1.15$1.53$0.74$0.64$0.53$0.91$0.42$0.38$0.30$0.67$0.25$0.15$0.13$0.70
High Forecast$2.27$3.00$1.93$1.83$1.66$2.36$1.57$1.58$1.43$2.23$1.64$1.55$1.32$1.98$1.49$1.35$1.17$1.58$0.74$0.64$0.53$0.91$0.42$0.38$0.30$0.67$0.25$0.15$0.13$0.70
Low Forecast$2.22$2.94$1.89$1.79$1.63$2.32$1.54$1.55$1.40$2.06$1.36$1.42$1.27$1.98$1.17$0.99$1.12$1.48$0.73$0.64$0.53$0.91$0.42$0.38$0.30$0.67$0.25$0.15$0.13$0.70
Surprise %--------------0.53%0.55%1.41%0.67%0.38%0.86%0.51%0.69%0.43%1.46%0.74%1.02%0.71%1.52%0.71%1.07%

According to 4 Wall Street analysts, Paylocity's projected average Quarter EPS for Mar 24 is $1.98, with a low estimate of $1.98 and a high estimate of $1.98. This represents a 191.91% increase compared to PCTY previous annual EPS of $0.68 (Dec 23).

Paylocity Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
PROPROS$23.97$32.0033.50%Buy
ALKTAlkami$39.10$45.6716.80%Buy
BSYBentley Systems$48.54$55.5014.34%Buy
BLKBBlackbaud$77.68$87.5012.64%Buy
AZPNAspen$249.25$274.009.93%Buy
SSNCSS&C Technologies$76.03$83.509.83%Buy
CWANClearwater Analytics$29.55$31.336.02%Buy
MLNKMeridianLink$22.18$22.752.57%Buy
TYLTyler$607.94$620.001.98%Buy
PCTYPaylocity$203.08$197.33-2.83%Buy
DDOGDatadog$156.91$148.25-5.52%Buy
TTDTrade Desk$135.02$123.63-8.44%Buy
PYCRPaycor HCM$20.16$18.25-9.47%Hold
HUBSHubSpot$741.67$671.25-9.49%Buy
NOWServiceNow$1.11K$973.56-12.66%Buy
TEAMAtlassian$269.79$231.46-14.21%Buy

PCTY Forecast FAQ

Is Paylocity a good buy?

Yes, according to 16 Wall Street analysts, Paylocity (PCTY) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 11 'Buy' recommendations, accounting for 68.75% of PCTY's total ratings.

What is PCTY's price target?

Paylocity (PCTY) average price target is $197.33 with a range of $171 to $220, implying a 0.58% from its last price of $196.2. The data is based on 16 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Paylocity stock go up soon?

According to Wall Street analysts' prediction for PCTY stock, the company can go up by 0.58% (from the last price of $196.2 to the average price target of $197.33), up by 12.13% based on the highest stock price target, and down by -12.84% based on the lowest stock price target.

Can Paylocity stock reach $300?

PCTY's average twelve months analyst stock price target of $197.33 does not support the claim that Paylocity can reach $300 in the near future.

What are Paylocity's analysts' financial forecasts?

Paylocity's analysts financial forecasts for the fiscal year (Jun 2026) are as follows: average revenue is $1.7B (high $1.71B, low $1.69B), average EBITDA is $314.81M (high $317.09M, low $312.55M), average net income is $399.58M (high $403.34M, low $395.84M), average SG&A $720.9M (high $726.11M, low $715.71M), and average EPS is $7.1 (high $7.17, low $7.04). PCTY's analysts financial forecasts for the fiscal year (Jun 2027) are as follows: average revenue is $1.94B (high $1.96B, low $1.93B), average EBITDA is $359.6M (high $362.2M, low $357.01M), average net income is $502.64M (high $507.37M, low $497.94M), average SG&A $823.45M (high $829.41M, low $817.52M), and average EPS is $8.93 (high $9.02, low $8.85).

Did the PCTY's actual financial results beat the analysts' financial forecasts?

Based on Paylocity's last annual report (Jun 2023), the company's revenue was $1.17B, beating the average analysts forecast of $1.13B by 3.56%. Apple's EBITDA was $155.03M, missing the average prediction of $161.1M by -3.77%. The company's net income was $140.82M, beating the average estimation of $135.4M by 4.01%. Apple's SG&A was $488.54M, beating the average forecast of $356.79M by 36.93%. Lastly, the company's EPS was $2.53, missing the average prediction of $4.06 by -37.61%. In terms of the last quarterly report (Dec 2023), Paylocity's revenue was $326.36M, beating the average analysts' forecast of $324.58M by 0.55%. The company's EBITDA was $49.71M, missing the average prediction of $60.13M by -17.33%. Paylocity's net income was $38.12M, missing the average estimation of $71.75M by -46.88%. The company's SG&A was $123.12M, missing the average forecast of $137.68M by -10.58%. Lastly, the company's EPS was $0.68, missing the average prediction of $1.28 by -46.67%