BMO Capital analyst Daniel Jester maintains $Dayforce (DAY.US)$ with a buy rating.
According to TipRanks data, the analyst has a success rate of 67.4% and a total average return of 12.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Dayforce (DAY.US)$'s main analysts recently are as follows:
Analyst sentiment indicates that investor confidence in Dayforce's long-term prospects is poised to grow following their analyst day. The clarity of the drivers for future revenue growth is apparent, and the company's target for 13%-15% growth appears to be within reach.
The resilience of the company's product, the growth of its partnership network, restrained sales investments, and a heightened emphasis on cost leverage and cash generation all contribute positively to the narrative of Dayforce.
The company's presentation of its financial goals for fiscal 2031, which include a revenue target of $5 billion and $1 billion in free cash flow, was noted by an analyst. Growth is being propelled by securing new clients, leveraging the Dayforce platform's cross-selling opportunities, including managed services, targeting larger market segments, and widening its international presence. Following the investor event, there is a reinforced conviction in the company's robust growth trajectory and its potential to enhance free cash flow production.
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.
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