Ceridian HCM Holding shares are trading higher after the company reported better-than-expected Q2 financial results and issued Q3 and FY23 revenue guidance. Additionally, multiple firms raised their respective price targets on the stock.
Portfolio Pulse from Benzinga Newsdesk
Ceridian HCM Holding reported better-than-expected Q2 financial results and issued Q3 and FY23 revenue guidance. Following the announcement, multiple firms raised their price targets on the stock, leading to a rise in the company's share price.
August 04, 2023 | 1:47 pm
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POSITIVE IMPACT
Ceridian HCM Holding's strong Q2 results and positive future revenue guidance have led to raised price targets by multiple firms, positively impacting the stock price.
Ceridian HCM Holding's better-than-expected Q2 results and positive future revenue guidance have led to a positive sentiment among investors and analysts. This has resulted in multiple firms raising their price targets for the stock, indicating a bullish outlook. This positive news is likely to drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100