Paylocity (PCTY) Stock Forecast, Price Target & Predictions
PCTY Stock Forecast
Paylocity stock forecast is as follows: an average price target of $218.64 (represents a 11.96% upside from PCTY’s last price of $195.28) 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 $218.64 based on 1-year price targets from 16 Wall Street analysts in the past 3 months, with a price target range of $320.00 to $171.00. This represents a potential 11.96% upside from PCTY's last price of $195.28.
PCTY Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 31, 2024 | Daniel Jester | BMO Capital | $203.00 | $184.57 | 9.99% | 3.95% |
| Oct 31, 2024 | Arvind Ramnani | Piper Sandler | $212.00 | $178.16 | 18.99% | 8.56% |
| Oct 31, 2024 | Scott Berg | Needham | $220.00 | $178.16 | 23.48% | 12.66% |
| Oct 21, 2024 | Samad Samana | Jefferies | $200.00 | $171.45 | 16.65% | 2.42% |
| Oct 17, 2024 | Scott Berg | Needham | $200.00 | $171.42 | 16.67% | 2.42% |
| Oct 14, 2024 | Siti Panigrahi | Mizuho Securities | $175.00 | $164.51 | 6.38% | -10.39% |
| Sep 05, 2024 | Daniel Jester | BMO Capital | $175.00 | $156.27 | 11.99% | -10.39% |
| Aug 02, 2024 | Brad Reback | Stifel Nicolaus | $205.00 | $151.55 | 35.27% | 4.98% |
| Jul 31, 2024 | Terry Tillman | Truist Financial | $195.00 | $148.65 | 31.18% | -0.14% |
| Jul 19, 2024 | Jason Celino | KeyBanc | $171.00 | $140.89 | 21.37% | -12.43% |
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 3.95% increase from PCTY last price ($195.28).
Paylocity Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 4 | 7 | 14 |
| Avg Price Target | $208.75 | $197.86 | $192.14 |
| Last Closing Price | $195.28 | $195.28 | $195.28 |
| Upside/Downside | 6.90% | 1.32% | -1.61% |
In the current month, the average price target of Paylocity stock is $208.75, according to 4 Wall Street analysts offering twelve months forecast. The average price target represents a 6.90% increase as opposed to Paylocity's last price of $195.28. This month's average price target is up 5.50% compared to last quarter, and up 8.64% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 31, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Oct 31, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Oct 22, 2024 | Citigroup | Neutral | Buy | Upgrade |
| Oct 22, 2024 | Needham | Underperform | Underperform | Hold |
| Oct 21, 2024 | Jefferies | Hold | Buy | Upgrade |
| Oct 17, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Oct 17, 2024 | Needham | Buy | Buy | Hold |
| Oct 11, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Oct 02, 2024 | Piper Sandler | Market Outperform | Market Outperform | Hold |
| Sep 05, 2024 | Cowen & Co. | Buy | Buy | Hold |
Paylocity's last stock rating was published by Piper Sandler on Oct 31, 2024. The company gave PCTY a "Overweight" rating, the same as its previous rate.
Paylocity Financial Forecast
Paylocity Revenue Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 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 | $422.24M | $482.19M | $400.65M | $393.07M | $381.35M | $433.17M | $366.96M | $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 | $490.39M | $554.16M | $461.24M | $450.77M | $425.56M | $485.99M | $403.81M | $396.16M | $384.35M | $436.37M | $369.14M | $359.34M | $350.29M | $397.23M | $326.24M | $319.41M | $303.96M | $335.79M | $261.72M | $239.83M | $217.96M | $241.65M | $188.63M | $174.09M | $162.17M | $185.26M | $143.40M | $134.02M | $126.58M | $166.28M |
| Low Forecast | $479.05M | $541.34M | $450.57M | $440.34M | $415.72M | $474.75M | $394.47M | $387.00M | $375.46M | $428.09M | $365.94M | $357.35M | $350.29M | $397.23M | $323.14M | $314.81M | $296.93M | $328.02M | $255.67M | $239.83M | $217.96M | $241.65M | $188.63M | $174.09M | $162.17M | $185.26M | $143.40M | $134.02M | $126.58M | $166.28M |
| # Analysts | 5 | 5 | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 11 | 11 | 5 | 7 | 4 | 9 | 16 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 | 8 | 9 | 13 | 15 | 9 | 9 |
| 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 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 5 | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 11 | 11 | 5 | 7 | 4 | 9 | 16 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 | 8 | 9 | 13 | 15 | 9 | 9 |
| 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 | $78.21M | $89.32M | $74.22M | $72.81M | $70.64M | $80.24M | $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 | $90.84M | $102.65M | $85.44M | $83.50M | $78.83M | $90.02M | $74.80M | $73.39M | $71.20M | $80.83M | $68.38M | $66.56M | $64.89M | $77.78M | $60.43M | $59.17M | $56.31M | $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 | $88.74M | $100.28M | $83.46M | $81.57M | $77.01M | $87.94M | $73.07M | $71.69M | $69.55M | $79.30M | $67.79M | $66.19M | $64.89M | $51.85M | $59.86M | $58.32M | $55.00M | $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 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 5 | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 11 | 11 | 5 | 7 | 4 | 9 | 16 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 | 8 | 9 | 13 | 15 | 9 | 9 |
| 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 | $92.23M | $131.16M | $87.17M | $87.91M | $79.56M | $118.62M | $79.77M | $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 | $127.59M | $168.71M | $108.52M | $102.97M | $93.17M | $132.51M | $88.07M | $88.81M | $80.38M | $125.05M | $92.49M | $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 | $123.76M | $163.64M | $105.26M | $99.88M | $90.37M | $128.53M | $85.42M | $86.14M | $77.96M | $115.11M | $76.31M | $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 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 5 | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 11 | 11 | 5 | 7 | 4 | 9 | 16 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 | 8 | 9 | 13 | 15 | 9 | 9 |
| 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 | $179.10M | $204.54M | $169.95M | $166.73M | $161.76M | $183.74M | $155.66M | $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 | $208.01M | $235.06M | $195.65M | $191.21M | $180.51M | $206.15M | $171.29M | $168.05M | $163.04M | $185.10M | $156.58M | $152.42M | $148.58M | $126.02M | $138.39M | $135.49M | $128.93M | $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 | $203.20M | $229.63M | $191.12M | $186.79M | $176.34M | $201.38M | $167.33M | $164.16M | $159.26M | $181.59M | $155.23M | $151.58M | $148.58M | $84.02M | $137.07M | $133.54M | $125.95M | $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 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 5 | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 11 | 11 | 5 | 7 | 4 | 9 | 16 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 | 8 | 9 | 13 | 15 | 9 | 9 |
| 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 | $1.64 | $2.33 | $1.55 | $1.56 | $1.41 | $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 | $2.22 | $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 | $2.20 | $2.91 | $1.87 | $1.78 | $1.61 | $2.28 | $1.52 | $1.53 | $1.39 | $2.05 | $1.36 | $1.42 | $1.27 | $1.98 | $1.17 | $0.99 | $1.12 | $1.48 | $0.72 | $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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| PRO | PROS | $22.52 | $32.67 | 45.07% | Buy |
| PYCR | Paycor HCM | $16.40 | $22.00 | 34.15% | Hold |
| ALKT | Alkami | $37.75 | $45.67 | 20.98% | Buy |
| BSY | Bentley Systems | $46.69 | $52.33 | 12.08% | Buy |
| PCTY | Paylocity | $195.28 | $218.64 | 11.96% | Buy |
| DDOG | Datadog | $135.45 | $145.31 | 7.28% | Buy |
| AZPN | Aspen | $245.30 | $254.40 | 3.71% | Buy |
| MLNK | MeridianLink | $22.06 | $22.75 | 3.13% | Buy |
| SSNC | SS&C Technologies | $73.43 | $75.50 | 2.82% | Buy |
| TEAM | Atlassian | $245.45 | $246.52 | 0.44% | Buy |
| TYL | Tyler | $601.14 | $558.00 | -7.18% | Buy |
| CWAN | Clearwater Analytics | $30.90 | $28.50 | -7.77% | Buy |
| TTD | Trade Desk | $123.90 | $113.04 | -8.77% | Buy |
| BLKB | Blackbaud | $83.02 | $74.33 | -10.47% | Buy |
| HUBS | HubSpot | $694.48 | $599.36 | -13.70% | Buy |
| NOW | ServiceNow | $1.02K | $831.13 | -18.75% | Buy |