Investment banking giant UBS has recently given Dayforce a raised price target of $72 (NYSE:DAY), which has stirred multiple responses in the market. Many investors have been bearish, with Artisan Small Cap Fund electing to exit their position in Dayforce and a downgrade stating there's no compelling reason to stay invested. Questions have also been raised about Dayforce's use of debt with analysts expressing concern about an over-leverage.
In stark contrast, Hubexo has opted to choose Dayforce for workforce transformation, indicating trust in the human capital management (HCM) company. Dayforce has secured a significant HCM deal with 2,400 employees across 25 countries set to benefit from their AI-powered platform.
Earnings, however, seem to be a mixed bag. While Q1 sales reportedly beat expectations, the stock still dropped, and full-year sales guidance has missed expectations. Nevertheless, Dayforce managed to surpass Q1 earnings and revenue estimates.
Despite some negative feedback, there seem to be consistent moments of positivity for Dayforce, such as the company being welcomed to Microsoft Azure Marketplace and a major NFL team doubling down on Dayforce. Notably, analyst consensus suggests a 16% upside potential.
Dayforce DAY News Analytics from Wed, 31 Jul 2019 07:00:00 GMT to Fri, 06 Jun 2025 15:03:42 GMT - Rating 6 - Innovation 4 - Information 7 - Rumor -3
