A Glimpse Into The Expert Outlook On Dayforce Through 7 Analysts
Portfolio Pulse from Benzinga Insights
Dayforce (NYSE:DAY) has received a range of analyst ratings from bullish to indifferent over the past three months. The average 12-month price target has increased by 7.87% to $73.71. Analysts have adjusted their ratings and price targets, reflecting a positive shift in sentiment. Despite strong revenue growth, Dayforce faces challenges with profitability and returns on equity and assets.
October 31, 2024 | 2:00 pm
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POSITIVE IMPACT
Dayforce has seen a positive shift in analyst sentiment, with the average 12-month price target rising by 7.87% to $73.71. Analysts have adjusted their ratings, reflecting a more optimistic outlook. However, the company faces challenges with profitability and returns on equity and assets.
The increase in the average price target and the positive shift in analyst ratings suggest a likely short-term positive impact on Dayforce's stock price. However, the company's challenges with profitability and returns may temper this optimism. The overall sentiment is more bullish, which is likely to drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100