
Paylocity Hlds (PCTY) Stock Forecast & Price Target
Paylocity Hlds (PCTY) Analyst Ratings
Bulls say
Paylocity Holding has demonstrated significant growth, increasing its client count by 7% year-over-year to 41,650 in fiscal 2025, which supports the company's strong market position in the cloud-based human capital management sector. The company also reported a 14% year-over-year rise in recurring revenue to $379 million, driven by higher client workforce levels and improved productivity, alongside an 8% increase in realized average revenue per user (ARPU) to $35,337. Additionally, the adjusted free cash flow margin has expanded from 11.9% in fiscal 2023 to 14.5% in fiscal 2025, reflecting enhanced operational efficiency and sustainable profitability trends.
Bears say
Paylocity Holding's Recurring and Other Revenue growth has declined to 14.8% in fiscal 2025, down from 16.7% in fiscal 2024, indicating a potential slowdown in revenue momentum. Furthermore, trends in ADP's Net Job Adds, which have shown a decline of over 20% year-over-year through August 2025, may negatively impact Paylocity's growth as it primarily services midmarket companies. Additionally, the performance of Paylocity's stock has lagged behind major indices and growth metrics, suggesting a challenging environment for the company's future performance.
This aggregate rating is based on analysts' research of Paylocity Hlds and is not a guaranteed prediction by Public.com or investment advice.
Paylocity Hlds (PCTY) Analyst Forecast & Price Prediction
Start investing in Paylocity Hlds (PCTY)
Order type
Buy in
Order amount
Est. shares
0 shares