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Fly News Breaks for March 15, 2018
PCTY
Mar 15, 2018 | 08:59 EDT
Needham analyst Scott Berg raised his price target on Paylocity to $65 after meeting with the company CEO Steve Beauchamp, saying he is more positive about the health of end-market demand and subscription revenue growth objective of 20%. Berg keeps his Buy rating, adding that the CEO commentary highlighted some recent smaller customer deals within the multi-year SaaS upgrade cycle in HR/payroll that has several years left to run.
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