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Dayforce, Inc. (DAY) Stock Forecast & Price Prediction

Live DAY Stock Price & Analysis

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$65.03

-0.64 (-0.97%)

12 Month Price Forecast For DAY

$65.03
Current Price
$10.44B
Market Cap
20 Ratings
Buy 11
Hold 9
Sell 0
Wall St Analyst Ratings

Distance to DAY Price Forecasts

+46.1%
To High Target of $95.00
+20.8%
To Median Target of $78.56
+3.0%
To Low Target of $67.00

DAY Price Momentum

-8.1%
1 Week Change
-7.3%
1 Month Change
-7.1%
1 Year Change
-10.5%
Year-to-Date Change
-21.4%
From 52W High of $82.69
+38.1%
From 52W Low of $47.08

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Disclaimer: 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.

Data last updated: February 8, 2025 10:08 AM UTC

DAY Analyst Ratings & Price Targets

Based on our analysis of 12 Wall Street analysts, DAY has a consensus that is bullish. The median price target is $78.56, with forecasts ranging from $67.00 to $95.00. Currently, there are 11 Buy ratings, 9 Hold ratings, and 0 Sell ratings.

With DAY currently trading at $65.03, the median price forecast suggests a 20.8% upside. The most optimistic forecast comes from Scott Berg at Needham, projecting a 46.1% upside, while at provides the most conservative target, suggesting a 3.0% upside.

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.

DAY Analyst Consensus

11
Buy
9
Hold
0
Sell

DAY Price Target Range

Low
$67.00
Average
$78.56
High
$95.00
Current: $65.03

Latest DAY Stock Forecasts by Analyst

These are the latest 20 analyst ratings and price targets for DAY.

Date Firm Analyst Rating Change Price Target
Feb 6, 2025 Barclays Raimo Lenschow Equal-Weight Maintains $69.00
Feb 6, 2025 Needham Scott Berg Buy Reiterates $95.00
Feb 6, 2025 Jefferies Samad Samana Hold Maintains $75.00
Feb 6, 2025 Scotiabank Allan Verkhovski Sector Perform Maintains $72.00
Feb 6, 2025 Stifel Brad Reback Buy Maintains $85.00
Feb 5, 2025 Piper Sandler Arvind Ramnani Overweight Reiterates $83.00
Jan 16, 2025 Citigroup Steven Enders Buy Maintains $83.00
Jan 10, 2025 Barclays Raimo Lenschow Equal-Weight Maintains $80.00
Jan 8, 2025 Deutsche Bank Hold Downgrade $0.00
Dec 18, 2024 Stifel Buy Maintains $0.00
Dec 6, 2024 Barclays Equal-Weight Maintains $0.00
Nov 18, 2024 Scotiabank Allan Verkhovski Sector Perform Initiates $75.00
Nov 13, 2024 BMO Capital Daniel Jester Outperform Maintains $90.00
Nov 13, 2024 Barclays Raimo Lenschow Equal-Weight Maintains $80.00
Nov 13, 2024 Mizuho Arvind Ramnani Outperform Maintains $95.00
Nov 13, 2024 Piper Sandler Arvind Ramnani Overweight Reiterates $94.00
Nov 13, 2024 Keybanc Jason Celino Overweight Maintains $92.00
Nov 13, 2024 Needham Scott Berg Buy Maintains $95.00
Nov 1, 2024 BMO Capital Daniel Jester Outperform Maintains $80.00
Oct 31, 2024 Mizuho Arvind Ramnani Outperform Maintains $85.00

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Dayforce, Inc. (DAY) Financial Data

Dayforce, Inc. has a market capitalization of $10.44B with a P/E ratio of 597.0x. The company generates $1.69B in trailing twelve-month revenue with a 3.1% profit margin.

Revenue growth is +16.6% quarter-over-quarter, while maintaining an operating margin of +6.2% and return on equity of +2.2%.

Valuation Metrics

Market Cap $10.44B
Enterprise Value $12.06B
P/E Ratio 597.0x
PEG Ratio 29.7x
Price/Sales 6.2x

Growth & Margins

Revenue Growth (YoY) +16.6%
Gross Margin +45.8%
Operating Margin +6.2%
Net Margin +3.1%
EPS Growth +16.6%

Financial Health

Cash/Price Ratio +4.8%
Current Ratio 1.1x
Debt/Equity 48.4x
ROE +2.2%
ROA +0.8%

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Dayforce, Inc. logo

Dayforce, Inc. (DAY) Company Overview

About Dayforce, Inc.

What They Do

Provides human capital management software solutions.

Business Model

The company operates on a subscription-based model, offering a cloud-based HCM platform that includes various functionalities such as HR, payroll, workforce management, and benefits. It generates revenue through direct sales and partnerships, targeting both large enterprises and small businesses with tailored solutions.

Additional Information

Dayforce Inc. has a rich history dating back to 1992 and is headquartered in Minneapolis, Minnesota. The company rebranded from Ceridian HCM Holding Inc. in February 2024, indicating a shift or evolution in its business strategy. Its services also include implementation and professional consulting, enhancing customer support and engagement.

Company Information

Sector

Technology

Industry

Software - Application

Employees

9,084

CEO

Mr. David D. Ossip

Country

United States

IPO Year

2018

Dayforce, Inc. (DAY) Latest News & Analysis

DAY stock latest news image
Quick Summary

Dayforce projects first-quarter revenue below estimates, citing decreased demand for payroll and HR services as small- and medium-sized businesses reduce spending amid economic uncertainty.

Why It Matters

Dayforce's reduced revenue forecast signals weakening demand, likely impacting its stock performance and indicating broader economic challenges for small and medium enterprises.

Source: Reuters
Market Sentiment: Negative
DAY stock latest news image
Quick Summary

Dayforce Inc. (NYSE: DAY) will host its Q4 2024 earnings conference call on February 5, 2025, at 8:00 AM ET, featuring key executives and analysts from major firms.

Why It Matters

Dayforce's Q4 earnings call will provide insights into its financial performance and strategic direction, influencing investor sentiment and stock valuation.

Source: Seeking Alpha
Market Sentiment: Neutral
DAY stock latest news image
Quick Summary

Dayforce reported Q4 recurring revenue of $347.9M, up 19% YoY, with total revenue of $465.2M, up 16% YoY. Full-year net cash from operations was $281.1M, up 28%. Gross revenue retention rate was 98%.

Why It Matters

Strong revenue growth and high retention rates indicate robust demand for Dayforce's services, suggesting solid future cash flow and potential for continued market leadership.

Source: GlobeNewsWire
Market Sentiment: Neutral
DAY stock latest news image
Quick Summary

Dayforce (DAY) reported quarterly earnings of $0.60 per share, surpassing the Zacks Consensus Estimate of $0.46 and up from $0.50 per share a year earlier.

Why It Matters

Dayforce's earnings beat expectations, indicating strong performance and growth, which can boost investor confidence and potentially drive stock prices higher.

Source: Zacks Investment Research
Market Sentiment: Positive
DAY stock latest news image
Quick Summary

Dayforce (DAY) reported its revenue and EPS for Q4 2024, with a focus on comparing key metrics against Wall Street estimates and year-ago figures.

Why It Matters

Comparing Dayforce's revenue and EPS against Wall Street estimates and previous year's figures helps gauge performance, influencing investor sentiment and stock valuation.

Source: Zacks Investment Research
Market Sentiment: Positive
DAY stock latest news image
Quick Summary

DAY's fourth-quarter 2024 results show strong performance driven by an innovative portfolio and significant growth in recurring revenue.

Why It Matters

Strong fourth-quarter results indicate effective product innovation and sustainable revenue growth, signaling potential for continued profitability and stability, which can boost investor confidence.

Source: Zacks Investment Research
Market Sentiment: Positive

Frequently Asked Questions About DAY Stock

What is Dayforce, Inc.'s (DAY) stock forecast for 2025?

Based on our analysis of 12 Wall Street analysts, Dayforce, Inc. (DAY) has a median price target of $78.56. The highest price target is $95.00 and the lowest is $67.00.

Is DAY stock a good investment in 2025?

According to current analyst ratings, DAY has 11 Buy ratings, 9 Hold ratings, and 0 Sell ratings. The stock is currently trading at $65.03. Always conduct your own research and consider your investment goals before making investment decisions.

What is the price prediction for DAY stock?

Wall Street analysts predict DAY stock could reach $78.56 in the next 12 months. This represents a 20.8% increase from the current price of $65.03. Please note that this is a projection by Wall Street analysts and not a guarantee.

What is Dayforce, Inc.'s business model?

The company operates on a subscription-based model, offering a cloud-based HCM platform that includes various functionalities such as HR, payroll, workforce management, and benefits. It generates revenue through direct sales and partnerships, targeting both large enterprises and small businesses with tailored solutions.

What is the highest forecasted price for DAY Dayforce, Inc.?

The highest price target for DAY is $95.00 from Scott Berg at Needham, which represents a 46.1% increase from the current price of $65.03.

What is the lowest forecasted price for DAY Dayforce, Inc.?

The lowest price target for DAY is $67.00 from at , which represents a 3.0% increase from the current price of $65.03.

What is the overall DAY consensus from analysts for Dayforce, Inc.?

The overall analyst consensus for DAY is bullish. Out of 12 Wall Street analysts, 11 rate it as Buy, 9 as Hold, and 0 as Sell, with a median price target of $78.56.

How accurate are DAY stock price projections?

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.