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Home โบ Stocks โบ Dayforce Inc. (CDAY) Stock Forecast & Price Prediction United States | NYSE | Technology | Software - Application
$69.86
+0.94 (1.36%)Did CDAY Make This Month's Elite Buy List?
We don't follow just any analyst โ only the top 3% with a proven track record make our cut. See if Ceridian is one of their latest high-conviction picks.
CDAY has shown a year-to-date change of 1.0% and a 1-year change of 19.9%, reflecting upward momentum over the past year. Comprehensive analyst forecasts are currently unavailable for CDAY. Please refer to the price chart above for recent performance and trends.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for CDAY.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Feb 12, 2024 | Needham | Buy | Reiterates | $N/A | |
| Feb 8, 2024 | Needham | Buy | Reiterates | $N/A | |
| Feb 8, 2024 | Piper Sandler | Neutral | Maintains | $N/A | |
| Feb 8, 2024 | Barclays | Equal-Weight | Maintains | $N/A | |
| Jan 19, 2024 | Baird | Mark Marcon | Outperform | Reiterates | $86.00 |
| Jan 10, 2024 | Stifel | Brad Reback | Buy | Initiates | $75.00 |
| Dec 5, 2023 | Needham | Scott Berg | Buy | Reiterates | $82.00 |
| Nov 7, 2023 | UBS | Kevin Mcveigh | Buy | Initiates | $87.00 |
| Nov 2, 2023 | JP Morgan | Mark Murphy | Neutral | Maintains | $62.00 |
| Nov 2, 2023 | Needham | Scott Berg | Buy | Reiterates | $82.00 |
| Oct 23, 2023 | Goldman Sachs | Kevin Kumar | Neutral | Initiates | $74.00 |
| Oct 12, 2023 | Piper Sandler | Arvind Ramnani | Neutral | Reiterates | $73.00 |
| Oct 5, 2023 | Needham | Scott Berg | Buy | Upgrade | $82.00 |
| Aug 3, 2023 | Piper Sandler | Arvind Ramnani | Neutral | Maintains | $73.00 |
| Aug 3, 2023 | Barclays | Raimo Lenschow | Equal-Weight | Maintains | $74.00 |
| Jul 21, 2023 | Citigroup | Buy | Maintains | $N/A | |
| Jul 13, 2023 | TD Cowen | Market Perform | Downgrade | $N/A | |
| May 9, 2023 | TD Cowen | Bryan Bergin | Outperform | Maintains | $69.00 |
| May 4, 2023 | Piper Sandler | Arvind Ramnani | Neutral | Maintains | $70.00 |
| May 4, 2023 | Barclays | Raimo Lenschow | Equal-Weight | Maintains | $73.00 |
The following stocks are similar to Ceridian based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Dayforce Inc. has a market capitalization of $10.94B with a P/E ratio of 2,317.3x. The company generates $1.51B in trailing twelve-month revenue with a 42.7% profit margin.
Revenue growth is +5.9% quarter-over-quarter, while maintaining an operating margin of +8.7% and return on equity of +2.3%.
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Offers cloud-based human capital management solutions.
The company generates revenue by providing a comprehensive cloud-based human capital management platform that integrates various HR functions such as payroll, benefits, and talent management. By leveraging AI technology and real-time data processing, Dayforce Inc. enhances operational efficiency and compliance for organizations of all sizes, creating a scalable and flexible solution that customers rely on.
Dayforce Inc. supports a global client base with local expertise through trusted partners in multiple regions, including North America, Europe, the Middle East, Africa, and Asia Pacific Japan. The company's innovative approach focuses on improving employee experiences and decision-making through actionable insights and features like the Dayforce mobile app and Dayforce Wallet for wage access.
Technology
Software - Application
9,600
Mr. David D. Ossip
United States
2018
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Ceridian (CDAY) is expected to report earnings that may exceed forecasts due to strong performance indicators. Investors should prepare for the upcoming earnings report.
Ceridian (CDAY) may surpass earnings expectations, indicating strong financial performance, which could positively influence stock price and investor confidence.
Ceridian HCM will rebrand as Dayforce and change its ticker to DAY on February 1, 2024. Analysts project a return to profitability in 2023 and increased earnings per share in the coming years.
Ceridian's rebranding and ticker change signal a strategic shift, potentially attracting investor interest. A return to profitability and rising EPS forecasts could enhance stock value.
Ceridian HCM Holding Inc. will change its ticker symbol from CDAY to DAY on NYSE and TSX, effective February 1, 2024.
Ceridian HCM's ticker symbol change to DAY may impact liquidity and investor recognition, potentially affecting stock performance and trading volume in both U.S. and Canadian markets.
Ceridian (CDAY) has a strong earnings surprise history and favorable conditions for a potential earnings beat in its upcoming quarterly report.
Ceridian's strong earnings surprise history and favorable conditions signal potential positive results, which could boost investor confidence and stock performance.
Ceridian HCM Holding Inc. (NYSE:CDAY) will announce its Q4 and full-year 2023 financial results on February 7, 2024, before market open.
Ceridian HCM's upcoming financial results announcement may impact stock performance, influencing investor sentiment and trading strategies based on earnings expectations.
Analyst forecasts for Dayforce Inc. (CDAY) are not currently available. The stock is trading at $69.86.
According to current analyst ratings, CDAY has 4 Buy ratings, 8 Hold ratings, and 0 Sell ratings. The stock is currently trading at $69.86. Always conduct your own research and consider your investment goals before making investment decisions.
Price predictions from Wall Street analysts for CDAY are not currently available. The stock is trading at $69.86.
The company generates revenue by providing a comprehensive cloud-based human capital management platform that integrates various HR functions such as payroll, benefits, and talent management. By leveraging AI technology and real-time data processing, Dayforce Inc. enhances operational efficiency and compliance for organizations of all sizes, creating a scalable and flexible solution that customers rely on.
Price targets from Wall Street analysts for CDAY are not currently available. The stock is trading at $69.86.
Price targets from Wall Street analysts for CDAY are not currently available. The stock is trading at $69.86.
The overall analyst consensus for CDAY is neutral. Out of 21 Wall Street analysts, 4 rate it as Buy, 8 as Hold, and 0 as Sell.
Stock price projections, including those for Dayforce Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.