What's Going On With Ceridian HCM Holdings Stock Thursday?
Portfolio Pulse from Anusuya Lahiri
Ceridian HCM Holding Inc launched a range of offerings including Dayforce Autonomous Payroll, Dayforce Exchange, Dayforce Co-Pilot, and Dayforce Alumni Network at its annual customer conference. The new offerings aim to modernize payroll processing and elevate user experience with AI-powered features. Needham upgraded Ceridian HCM Holding to Buy, with a price target of $82. CDAY shares traded higher by 2.14% premarket on the last check Thursday.
October 05, 2023 | 12:45 pm
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POSITIVE IMPACT
Ceridian HCM Holding launched new offerings and received an upgrade from Needham, leading to a 2.14% increase in premarket trading.
The launch of new offerings by Ceridian HCM Holding indicates a positive development in the company's product portfolio, which could attract more customers and increase revenues. Additionally, the upgrade from Needham is a strong endorsement of the company's prospects, which could boost investor confidence and drive the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100