On Nov 13, major Wall Street analysts update their ratings for $Dayforce (DAY.US)$, with price targets ranging from $80 to $95.
Barclays analyst Raimo Lenschow maintains with a hold rating, and adjusts the target price from $63 to $80.
BMO Capital analyst Daniel Jester maintains with a buy rating.
Mizuho Securities analyst Siti Panigrahi maintains with a buy rating.
Needham analyst Scott Berg maintains with a buy rating, and adjusts the target price from $82 to $95.
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:
Investor confidence in Dayforce's long-term potential is expected to rise following recent discussions. The company's trajectory for revenue expansion is well-defined, and achieving the anticipated 13%-15% growth target appears feasible according to an analyst.
The firm's optimism regarding Dayforce is supported by the product's robustness, the development of its partner ecosystem, moderate investments in sales, and a heightened emphasis on cost efficiency and cash flow generation.
During its investor day, Dayforce set forth ambitious revenue and free cash flow objectives for fiscal 2031. The growth is being propelled by acquiring new customers, leveraging cross-selling opportunities within the Dayforce platform, including managed services, targeting larger-scale clients, and pursuing international expansion. The outlook provided has reinforced the belief in the company's sustainable growth trajectory and its potential to enhance free cash flow production.
After attending Dayforce's investor day in Las Vegas, which concentrated on financial details as expected, the outlook for Dayforce's recurring revenue growth is now anticipated to be in the upper-to-mid teens range, a minor deceleration from the previously projected high teens. This update is balanced by the company's sustained dedication to enhancing margins while progressing towards its long-term free cash flow objective of $1B. The increased emphasis on profitability left a positive impression.
Here are the latest investment ratings and price targets for $Dayforce (DAY.US)$ from 6 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
