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Analysts Offer Insights on Technology Companies: Paylocity (PCTY) and PFSweb (PFSW)


There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Paylocity (NASDAQ:PCTY) and PFSweb (NASDAQ:PFSW) with bullish sentiments.

Paylocity (PCTY)

Northland Securities analyst Robert Breza reiterated a Buy rating on Paylocity on August 10 and set a price target of $67. The company’s shares closed on Friday at $67.65, close to its 52-week high of $68.14.

According to TipRanks.com, Breza is a 4-star analyst with an average return of 10.9% and a 59.5% success rate. Breza covers the Technology sector, focusing on stocks such as Coupa Software Inc, Workday Inc, and Qualys.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Paylocity with a $71.50 average price target, which is a 5.7% upside from current levels. In a report issued on August 9, Stifel Nicolaus also reiterated a Buy rating on the stock with a $78 price target.

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PFSweb (PFSW)

Northland Securities analyst Tim Klasell reiterated a Buy rating on PFSweb on August 10 and set a price target of $11. The company’s shares closed on Friday at $9.90.

According to TipRanks.com, Klasell is a 5-star analyst with an average return of 24.0% and a 73.5% success rate. Klasell covers the Technology sector, focusing on stocks such as Carbonite Inc, PROS Holdings, and SPS Commerce.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PFSweb with a $14 average price target, a 41.4% upside from current levels. In a report issued on August 10, B.Riley FBR also maintained a Buy rating on the stock with a $14 price target.

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