Mizuho Securities analyst Siti Panigrahi maintains $Dayforce (DAY.US)$ with a buy rating, and adjusts the target price from $80 to $85.
According to TipRanks data, the analyst has a success rate of 50.3% and a total average return of -0.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Dayforce (DAY.US)$'s main analysts recently are as follows:
Dayforce reported robust headline results, surpassing revenue expectations by 2.7%, bolstered by contributions from pro services and float. The continued steady execution and solid outlook for the company, despite concerns over rates, is seen as a promising indicator.
The company demonstrated another robust quarter, indicating ongoing market share gains amidst a scenario of stabilizing industry expansion.
Dayforce's performance exceeded Q3 expectations, primarily due to an increase in float and professional services revenue. Further insights into Dayforce's mid-term targets, along with growth and profitability drivers, are anticipated at the investor day on November 12, which may act as a catalyst for the shares. Preliminary guidance is likely to address investor concerns regarding free cash flow generation.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
