Forecasting The Future: 4 Analyst Projections For Dayforce
Portfolio Pulse from Benzinga Insights
Dayforce (NYSE:DAY) has received mixed analyst ratings over the past three months, with 2 bullish and 2 indifferent ratings. The average 12-month price target for DAY has increased by 5.74% to $78.25. Analysts from Needham and Piper Sandler have maintained or raised their price targets, while Barclays lowered theirs. Dayforce, a cloud HCM provider, has shown strong financial performance with a revenue growth rate of 5.88% and a net margin of 11.41%, but below-average ROE and ROA.
February 12, 2024 | 12:00 pm
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Dayforce has received mixed ratings from analysts, with an updated average price target of $78.25. The company's financial performance is strong, with significant revenue growth and net margin, but it faces challenges in ROE and ROA.
The mixed analyst ratings with an upward revision in the price target suggest a cautiously optimistic outlook for Dayforce. The strong financial performance, particularly in revenue growth and net margin, supports a positive short-term impact. However, the challenges in ROE and ROA may temper expectations, hence the score is not maximally positive.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100