
Dayforce Inc (DAY) Stock Forecast & Price Target
Dayforce Inc (DAY) Analyst Ratings
Bulls say
Dayforce is experiencing successful customer acquisition, highlighted by robust global expansion and increased penetration within the enterprise segment, positioning the company for low 20% revenue growth in its core Dayforce platform. With nearly 7.62 million employees across 6,876 clients and a revenue contribution of almost 80% from the Dayforce platform, the company demonstrates significant market strength and visibility. The combination of a large market opportunity, a strong profitability profile, and steady improvements in cash flow further bolsters the positive financial outlook for Dayforce.
Bears say
Dayforce's recent downgrade from Buy to Hold indicates a shift in investor sentiment, driven primarily by the all-cash takeout offer from Thoma Bravo, which has influenced the anticipated financial performance of the company. The adjustment of the price target to $70 suggests a reevaluation of Dayforce's growth potential following this acquisition interest, potentially signaling concerns over its long-term sustainability in a competitive market. Additionally, with the Dayforce platform representing nearly 80% of total revenue, any downturn in its client base or market share could have significant implications for the company's overall financial health.
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