BMO Capital analyst Daniel Jester maintains $Dayforce (DAY.US)$ with a buy rating, and adjusts the target price from $70 to $80.
According to TipRanks data, the analyst has a success rate of 58.5% and a total average return of 9.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Dayforce (DAY.US)$'s main analysts recently are as follows:
The company showcased robust headline results, outperforming revenue expectations by 2.7%, driven by professional services and float revenue. Analysts are buoyed by Dayforce's consistent solid performance and positive future prospects, notwithstanding apprehensions regarding interest rates.
The company has reported another solid quarter, demonstrating ongoing market share gains amidst a scenario of moderating industry growth.
Dayforce surpassed Q3 expectations, largely due to float and professional services revenue. It is anticipated that the forthcoming investor day on November 12 will shed light on the company's mid-term targets along with growth and profitability drivers, potentially acting as a catalyst for the shares. Preliminary guidance appears to address investor concerns regarding free cash flow generation.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
