
Dayforce Inc (DAY) Stock Forecast & Price Target
Dayforce Inc (DAY) Analyst Ratings
Bulls say
Dayforce has demonstrated a strong financial performance, with total revenue increasing by 16.4% year-over-year, driven by a significant rise in recurring revenue ex-float, which grew by 19.1% year-over-year. The company is also seeing robust growth in its add-on sales, which comprised over 40% of total bookings, reflecting effective cross-selling strategies. Additionally, the forecast for fiscal year 2025 projects revenue ex-float to grow by 11.9%-12.8%, underscoring strong demand for its cloud-based human capital management solutions.
Bears say
The financial outlook for Dayforce appears negative due to several concerning metrics, including float revenue guidance of $180 million, which reflects a decline of approximately $20 million compared to the previous fiscal year. Additionally, the company's full suite attach rates for new sales bookings have dropped to 42%, down from 51% in the prior quarter, indicating potential challenges in customer engagement or product adoption. Furthermore, operating cash flow and free cash flow saw year-over-year declines of $8.9 million and $9.6 million, respectively, signaling a deterioration in the company’s financial health amid ongoing foreign exchange headwinds impacting revenue growth.
This aggregate rating is based on analysts' research of Dayforce Inc and is not a guaranteed prediction by Public.com or investment advice.
Dayforce Inc (DAY) Analyst Forecast & Price Prediction
Start investing in Dayforce Inc (DAY)
Order type
Buy in
Order amount
Est. shares
0 shares