Mizuho Remains Bullish on Paylocity Holding (PCTY) Post Earnings

1 month ago 27

Noor Ul Ain Rehman

Thu, February 12, 2026 astatine 5:54 AM CST 2 min read

Paylocity Holding Corporation (NASDAQ:PCTY) is 1 of the astir oversold NASDAQ stocks to put in. Mizuho reiterated a Buy standing connected Paylocity Holding Corporation (NASDAQ:PCTY) connected February 10, mounting a terms people of $150.00. Paylocity Holding Corporation (NASDAQ:PCTY) announced its fiscal Q2 2026 fiscal results connected February 5, with recurring and different gross coming up to $387.0 million, and reflecting a maturation of 11.3% compared to the anterior twelvemonth period. Total gross for the 4th was $416.1 million, up 10.4% compared to fiscal Q2 2025. The institution besides reported continued maturation successful currency flows, with a trailing 12 months nett currency provided by operating activities borderline of 28.3% and escaped currency travel borderline of 23.6%.

Paylocity Holding Corporation (NASDAQ:PCTY) received respective standing updates pursuing the results, including Baird adjusting the terms people connected the banal to $220 from $245 connected February 6 and maintaining an Outperform standing connected the shares. It told investors that it updated its exemplary aft the results showed outstanding advancement connected margins and escaped currency flow. The aforesaid day, TD Cowen besides adjusted the terms people connected Paylocity Holding Corporation (NASDAQ:PCTY) to $178 from $188 portion maintaining a Buy standing connected the shares. The steadfast stated that the institution reported a respectable fiscal Q2 bushed and delivered a assured connection connected moat from AI displacement and depressed valuation, supportive to shares.

Paylocity Holding Corporation (NASDAQ:PCTY) develops and provides cloud-based bundle solutions, including cloud-based payroll, applications, quality superior management, benefits administration, clip labour tracking, and endowment management.

While we admit the imaginable of PCTY arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.