Stifel analyst Brad Reback maintains $Dayforce (DAY.US)$ with a buy rating, and maintains the target price at $82.
According to TipRanks data, the analyst has a success rate of 58.8% and a total average return of 13.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Dayforce (DAY.US)$'s main analysts recently are as follows:
It is anticipated that investor confidence in Dayforce's long-term prospects will be bolstered following recent discussions. The company has articulated clear drivers for future revenue growth, with the goal of achieving 13%-15% growth appearing to be within reach.
The firm is more optimistic about the company following its Analyst Day presentation, which emphasized its trajectory towards $5B in revenue and a $1B / 20% free cash flow margin. The expectation is that heightened adoption of higher margin solutions will contribute to an enhancement of the gross margin.
The robustness of Dayforce's product, the development of its partner ecosystem, the moderate investments in sales, along with a heightened emphasis on cost leverage and cash generation, contribute positively to the company's narrative.
Note:
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