Rain Partnership and Vegas Golden Knights Deal Could Be a Game Changer for Paylocity (PCTY)

• In October 2025, Rain announced a new integration with Paylocity that gives the HR platform’s 41,650+ clients streamlined earned wage access solutions, while Paylocity revealed a multi-year partnership as the Official Human Capital Management Partner for the NHL’s Vegas Golden Knights.
• These collaborations expand Paylocity’s presence across both sports and payroll markets, unlocking broader visibility and enhanced functionality for existing and prospective enterprise customers.
• Next, we’ll explore how Paylocity’s direct integration with Rain may strengthen its unified HR and financial service proposition for clients.

Trump has pledged to "unleash" American oil and gas and these 22 US stocks have developments that are poised to benefit.

Paylocity Holding Investment Narrative Recap

To be a Paylocity shareholder, you need to believe in the company’s ability to drive higher recurring revenue per client by expanding its unified HR and finance offerings, aided by integrations with third-party platforms. The recent Rain integration could support this thesis by improving client stickiness, but it does not materially alter the immediate catalyst of accelerating module adoption or address the biggest risk: potentially slowing revenue growth signaled by fiscal 2026 guidance.

Of the recent company announcements, the launch of Paylocity for Finance in July stands out as especially relevant. This product expansion is intended to increase average revenue per client and diversify the business model, but its early-stage adoption and elevated price point introduce execution risk that could delay or dampen the expected benefits to growth and profitability.

However, investors should be aware that, despite these product moves, guidance for fiscal 2026 continues to imply...

Read the full narrative on Paylocity Holding (it's free!)

Paylocity Holding's narrative projects $2.1 billion in revenue and $380.9 million in earnings by 2028. This requires 9.6% yearly revenue growth and a $153.8 million earnings increase from $227.1 million.

Uncover how Paylocity Holding's forecasts yield a $215.63 fair value, a 42% upside to its current price.

Exploring Other Perspectives

Retail investor fair value estimates for Paylocity span a range from US$190 to US$236, based on three distinct projections from the Simply Wall St Community. With management’s forecast of slowing recurring revenue growth, the spread underscores how your growth expectations could influence your own view of opportunity and risk.

Explore 3 other fair value estimates on Paylocity Holding - why the stock might be worth just $190.00!

Build Your Own Paylocity Holding Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Paylocity Holding research is our analysis highlighting 4 key rewards that could impact your investment decision.
• Our free Paylocity Holding research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Paylocity Holding's overall financial health at a glance.

Ready For A Different Approach?

Our top stock finds are flying under the radar-for now. Get in early:

• Outshine the giants: these 26 early-stage AI stocks could fund your retirement.
• We've found 17 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.
• Uncover the next big thing with financially sound penny stocks that balance risk and reward.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com