Dayforce, a leading HR technology firm with the ticker NYSE:DAY, has had a transformative year. Numerous factors have influenced its stock, including varied analyses of its financial performance and valuation, fluctuating share prices, and investment news, as well as new product launches. Q3 and Q4 2024 earnings beat expectations, despite Barclays issuing a pessimistic forecast for the firm's stock price.
Analysts at Citigroup cut their price target to $83.00 while it received a $79.93 average target price from other analysts. The company's stock has occasionally underperformed the tech sector, despite outperforming the Dow.
Dayforce continually innovates, with the launch of Dayforce AI Agents and Strategic Workforce Planning features. They have also boosted partner experiences via the Dayforce Partner Network and announced network expansion. In a significant move, Dayforce completed the acquisition of
eloomi and introduced Direct-to-Bank Pay solutions after hitting a $5B milestone. Mixed analyses of
Dayforce's financials beg the question of whether to buy, hold, or sell before Q3 earnings.
The company's Share Repurchase Program worth $500 million and dramatic Q3 earnings with revenue surging to $440 million were other significant events.
Dayforce DAY News Analytics from Wed, 31 Jul 2019 07:00:00 GMT to Sat, 25 Jan 2025 13:02:26 GMT -
Rating 2
- Innovation 6
- Information 8
- Rumor -3
