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Analysts Are Neutral on These Technology Stocks: Paylocity (PCTY), Cloudflare (NET)

Analysts fell to the sidelines weighing in on Paylocity (PCTYResearch Report) and Cloudflare (NETResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Paylocity (PCTY)

Jefferies analyst Samad Samana maintained a Hold rating on Paylocity yesterday and set a price target of $180.00. The company’s shares closed last Thursday at $171.91.

According to TipRanks.com, Samana is a 4-star analyst with an average return of 5.2% and a 50.8% success rate. Samana covers the Technology sector, focusing on stocks such as Bill.com Holdings, Presto Automation, and Verint Systems.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Paylocity with a $186.83 average price target, implying an 11.7% upside from current levels. In a report issued on January 31, Citi also maintained a Hold rating on the stock with a $182.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Cloudflare (NET)

In a report released yesterday, Brent Thill from Jefferies maintained a Hold rating on Cloudflare, with a price target of $110.00. The company’s shares closed last Thursday at $90.31.

According to TipRanks.com, Thill is a 1-star analyst with an average return of -1.8% and a 46.5% success rate. Thill covers the Technology sector, focusing on stocks such as International Business Machines, Palantir Technologies, and Instructure Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cloudflare with a $87.67 average price target.

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