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Analysts Conflicted on These Technology Names: Paycor HCM (PYCR), Rapid7 (RPD) and Paylocity (PCTY)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Paycor HCM (PYCRResearch Report), Rapid7 (RPDResearch Report) and Paylocity (PCTYResearch Report).

Paycor HCM (PYCR)

In a report released yesterday, Mark Marcon from Robert W. Baird maintained a Buy rating on Paycor HCM, with a price target of $36.00. The company’s shares closed last Thursday at $20.48.

According to TipRanks.com, Marcon is a 5-star analyst with an average return of 11.4% and a 58.5% success rate. Marcon covers the Industrial Goods sector, focusing on stocks such as Automatic Data Processing, HireRight Holdings Corp, and Resources Connection.

Currently, the analyst consensus on Paycor HCM is a Moderate Buy with an average price target of $27.56, implying a 42.6% upside from current levels. In a report issued on February 5, BTIG also initiated coverage with a Buy rating on the stock with a $26.00 price target.

See the top stocks recommended by analysts >>

Rapid7 (RPD)

In a report released yesterday, Gregg Moskowitz from Mizuho Securities maintained a Hold rating on Rapid7, with a price target of $62.00. The company’s shares closed last Thursday at $58.73, close to its 52-week high of $60.15.

According to TipRanks.com, Moskowitz is a top 100 analyst with an average return of 18.6% and a 63.4% success rate. Moskowitz covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Palo Alto Networks, and CyberArk Software.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Rapid7 with a $61.25 average price target, implying a 13.9% upside from current levels. In a report issued on February 7, Canaccord Genuity also maintained a Hold rating on the stock with a $60.00 price target.

Paylocity (PCTY)

TD Cowen analyst Jared Levine maintained a Buy rating on Paylocity today and set a price target of $186.00. The company’s shares closed last Thursday at $171.91.

According to TipRanks.com, Levine is a 2-star analyst with an average return of 5.5% and a 66.7% success rate. Levine covers the Technology sector, focusing on stocks such as Dayforce Inc, Paycor HCM, and Paycom.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Paylocity with a $187.00 average price target, which is an 11.8% upside from current levels. In a report issued on February 5, BTIG also initiated coverage with a Buy rating on the stock with a $200.00 price target.

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