Barclays Lowered the PT on Paylocity Holding Corporation (PCTY), Keeps Equal Weight

​Paylocity Holding Corporation (NASDAQ:PCTY) is one of the Best 52-Week Low Mid Cap Stocks to Buy Now. On October 21, Raimo Lenschow from Barclays lowered the firm’s price target on Paylocity Holding Corporation (NASDAQ:PCTY) from $196 to $175, while keeping an Equal Weight rating on the stock.

​The analyst noted that the reduced price targets reflect the company’s preview of the Q3 earnings for the software group. Barclays’ model suggests the group would deliver solid earnings in the third quarter; however, their outlook looks “ok, but not stellar.”

​Paylocity Holding Corporation (NASDAQ:PCTY) is set to release its fiscal first quarter 2026 results on November 4, 2025. Management expects recurring and other revenue to be in the range of $397.5 million to $402.5 million, reflecting 12% growth year-over-year.

​Paylocity Holding Corporation (NASDAQ:PCTY) provides cloud-based human capital management and payroll software that helps businesses manage HR processes, payroll, and employee engagement.

While we acknowledge the potential of PCTY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PCTY and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.