On Nov 01, major Wall Street analysts update their ratings for $Dayforce (DAY.US)$, with price targets ranging from $74 to $85.
Citi analyst Steve Enders maintains with a buy rating, and adjusts the target price from $75 to $81.
TD Cowen analyst Jared Levine maintains with a hold rating, and adjusts the target price from $62 to $74.
BMO Capital analyst Daniel Jester maintains with a buy rating, and adjusts the target price from $70 to $80.
Mizuho Securities analyst Siti Panigrahi maintains with a buy rating, and maintains the target price at $85.
KeyBanc analyst Jason Celino maintains with a buy rating.
Furthermore, according to the comprehensive report, the opinions of $Dayforce (DAY.US)$'s main analysts recently are as follows:
The company delivered impressive headline results, outperforming revenue expectations by 2.7%, bolstered by professional services and float revenue. Analysts are optimistic about the firm's consistent strong performance and promising future prospects despite prevailing concerns about interest rates.
The company has delivered yet another robust quarter, indicating ongoing market share gains amidst a scenario of tempering industry expansion.
Dayforce surpassed Q3 expectations, mainly due to revenue from float and professional services. The company's preliminary guidance is likely to reassure investors with an interest in free cash flow generation. Further insights into Dayforce's mid-term targets and growth and profitability drivers are anticipated to be shared at the investor day on November 12, which could potentially act as a catalyst for the stock.
Dayforce's recent Q3 results surpassed expectations, and the Q4 guidance met predictions. The company's preliminary commentary on its 2025 outlook, although lacking detailed Dayforce guidance, indicated a total revenue growth in constant currency of 14%-15%. While analysts perceive this forecast as generally consistent, it may attract close examination from investors.
Here are the latest investment ratings and price targets for $Dayforce (DAY.US)$ from 5 analysts:
Note:
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