US-based human capital management firm Dayforce (DAY) has seen significant developments. It reported better-than-expected Q1 sales, but faced a drop in share prices, leading S&P decliners due to falling profit and Q2 outlook. Analysts offered insights into Q1 earnings, with Citigroup raising its price target to $70. However, revenue guidance didn't meet expectations, causing the share price to slide. Barclays maintained its rating for Dayforce, while Needham maintained a price target of $95.
Despite a price target cut, Dayforce sustains a positive outlook and surpassed Q1 earnings with a 11.7% revenue growth. The company, listed on the Microsoft Azure Marketplace, has seen a possibility of stocks rising by 40.52%, analysts report. Amid macro concerns, Citi reduced the target price. Meanwhile, the company's Q4 2024 results reveal strong revenue growth despite a one-year earnings decline. The stock had been accused of being overvalued, leading to a price target lowered from $72 to $55 by Scotiabank. In response to mixed financials, Dayforce executed workforce reductions for expected savings, announcing Dayforce AI Agents.
Dayforce DAY News Analytics from Fri, 16 Mar 2018 07:00:00 GMT to Sat, 10 May 2025 09:11:22 GMT - Rating 2 - Innovation 6 - Information 8 - Rumor 4
