Dayforce (CDAY) Stock Forecast, Price Target & Predictions
CDAY Stock Forecast
Dayforce stock forecast is as follows: an average price target of $81.33 (represents a 14.47% upside from CDAY’s last price of $71.05) and a rating consensus of 'Hold', based on 7 wall street analysts offering a 1-year stock forecast.
CDAY Price Target
The average price target for Dayforce (CDAY) is $81.33 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $110.00 to $64.00. This represents a potential 14.47% upside from CDAY's last price of $71.05.
CDAY Analyst Ratings
According to 7 Wall Street analysts, Dayforce's rating consensus is 'Hold'. The analyst rating breakdown for CDAY stock is 0 'Strong Buy' (0.00%), 3 'Buy' (42.86%), 4 'Hold' (57.14%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Dayforce Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jan 09, 2023 | - | MoffettNathanson | $68.00 | $63.53 | 7.03% | -4.29% |
| Nov 14, 2022 | - | Cowen & Co. | $77.00 | $67.79 | 13.59% | 8.37% |
| Oct 31, 2022 | Raimo Lenschow | Barclays | $64.00 | $65.95 | -2.96% | -9.92% |
| Aug 18, 2022 | Bhavin Shah | Deutsche Bank | $80.00 | $66.46 | 20.37% | 12.60% |
| Aug 04, 2022 | Kevin McVeigh | Credit Suisse | $75.00 | $64.81 | 15.72% | 5.56% |
| Aug 04, 2022 | Raimo Lenschow | Barclays | $52.00 | $64.81 | -19.77% | -26.81% |
| Aug 04, 2022 | Daniel Jester | BMO Capital | $73.00 | $64.81 | 12.64% | 2.74% |
| Aug 04, 2022 | Siti Panigrahi | Mizuho Securities | $80.00 | $64.81 | 23.44% | 12.60% |
| Jan 13, 2022 | Arvind Ramnani | Piper Sandler | $105.00 | $85.28 | 23.12% | 47.78% |
| Jan 06, 2022 | Samad Samana | Jefferies | $110.00 | $90.25 | 21.88% | 54.82% |
The latest Dayforce stock forecast, released on Jan 09, 2023 by MoffettNathanson company, set a price target of $68.00, which represents a 7.03% increase from the stock price at the time of the forecast ($63.53), and a -4.29% decrease from CDAY last price ($71.05).
Dayforce Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $71.05 | $71.05 | $71.05 |
| Upside/Downside | -100.00% | -100.00% | -100.00% |
In the current month, the average price target of Dayforce stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Dayforce's last price of $71.05. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jan 10, 2024 | Needham | Underperform | Underperform | Hold |
| Jan 10, 2024 | UBS | Buy | Buy | Hold |
| Oct 05, 2023 | Needham | - | Buy | Upgrade |
| Jan 09, 2023 | MoffettNathanson | - | Market Perform | Initialise |
| Nov 14, 2022 | Cowen & Co. | Outperform | Outperform | Hold |
| Oct 31, 2022 | Barclays | - | Equal-Weight | Upgrade |
| Sep 01, 2022 | Citigroup | - | Neutral | Initialise |
| Aug 18, 2022 | Deutsche Bank | Buy | Buy | Hold |
| May 23, 2022 | Jefferies | Hold | Hold | Hold |
Dayforce's last stock rating was published by Needham on Jan 10, 2024. The company gave CDAY a "Underperform" rating, the same as its previous rate.
Dayforce Financial Forecast
Dayforce Revenue Forecast
| Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | Jun 18 | Mar 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | $377.50M | $365.90M | $370.60M | $336.10M | $315.60M | $301.20M | $293.30M | $282.10M | $257.20M | $250.40M | $234.50M | $222.80M | $204.40M | $192.60M | $222.70M | $221.80M | $202.30M | $196.30M | $203.70M | $200.30M | $179.60M | $179.30M | $208.90M |
| Avg Forecast | $755.00M | $660.63M | $418.44M | $400.22M | $369.43M | $358.40M | $361.07M | $435.40M | $220.05M | $251.60M | $272.22M | $349.67M | $200.04M | $185.92M | $223.83M | $217.89M | $85.00M | $178.76M | $163.31M | $332.70M | $183.91M | $130.87M | $174.60M | $389.60M | $35.92M | $157.60M | $172.34M |
| High Forecast | $774.48M | $677.67M | $434.82M | $404.70M | $373.60M | $367.65M | $370.39M | $446.63M | $264.06M | $301.92M | $279.24M | $358.69M | $205.21M | $190.72M | $229.60M | $223.51M | $87.19M | $183.37M | $167.53M | $341.28M | $188.65M | $134.24M | $179.10M | $399.65M | $36.85M | $161.67M | $206.81M |
| Low Forecast | $744.66M | $651.58M | $408.16M | $398.01M | $368.00M | $353.49M | $356.12M | $429.44M | $176.04M | $201.28M | $268.49M | $344.88M | $197.30M | $183.38M | $220.76M | $214.91M | $83.84M | $176.31M | $161.08M | $328.14M | $181.39M | $129.07M | $172.21M | $384.26M | $35.43M | $155.44M | $137.87M |
| # Analysts | 3 | 3 | 6 | 10 | 14 | 13 | 10 | 9 | 20 | 9 | 3 | 4 | 7 | 4 | 4 | 4 | 6 | 4 | 9 | 13 | 13 | 13 | 13 | 7 | 7 | 7 | 15 |
| Surprise % | - | - | - | - | 1.02% | 1.02% | 1.03% | 0.77% | 1.43% | 1.20% | 1.08% | 0.81% | 1.29% | 1.35% | 1.05% | 1.02% | 2.40% | 1.08% | 1.36% | 0.67% | 1.10% | 1.50% | 1.17% | 0.51% | 5.00% | 1.14% | 1.21% |
Dayforce's average Quarter revenue forecast for Dec 23 based on 10 analysts is $400.22M, with a low forecast of $398.01M, and a high forecast of $404.70M. CDAY's average Quarter revenue forecast represents a 6.02% increase compared to the company's last Quarter revenue of $377.50M (Sep 23).
Dayforce EBITDA Forecast
| Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | Jun 18 | Mar 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 6 | 10 | 14 | 13 | 10 | 9 | 20 | 9 | 3 | 4 | 7 | 4 | 4 | 4 | 6 | 4 | 9 | 13 | 13 | 13 | 13 | 7 | 7 | 7 | 15 |
| EBITDA | - | - | - | - | $60.10M | $43.70M | $59.70M | $6.20M | $12.30M | $9.30M | $2.30M | $18.10M | $1.60M | $-4.60M | $8.00M | $-7.00M | $12.60M | $15.80M | $35.50M | $32.00M | $19.80M | $31.80M | $40.20M | $24.70M | $26.60M | $-7.80M | $41.80M |
| Avg Forecast | $65.93M | $57.69M | $1.15M | $15.51M | $1.51M | $883.13K | $1.04M | $14.10M | $1.37M | $802.84K | $948.75K | $15.08M | $1.24M | $-3.00M | $8.00M | $-5.00M | $5.54M | $14.58M | $22.59M | $42.67M | $17.82M | $17.49M | $33.50M | $33.34M | $3.14M | $-7.80M | $32.93M |
| High Forecast | $67.63M | $59.18M | $1.38M | $18.62M | $1.81M | $1.06M | $1.25M | $16.92M | $1.64M | $963.41K | $1.14M | $18.10M | $1.49M | $-2.40M | $9.60M | $-4.00M | $6.65M | $17.49M | $27.11M | $51.20M | $21.38M | $20.99M | $40.20M | $40.01M | $3.22M | $-6.24M | $39.52M |
| Low Forecast | $65.03M | $56.90M | $918.39K | $12.41M | $1.20M | $706.50K | $834.90K | $11.28M | $1.10M | $642.27K | $759.00K | $12.07M | $995.55K | $-3.61M | $6.40M | $-6.00M | $4.44M | $11.66M | $18.07M | $34.13M | $14.26M | $13.99M | $26.80M | $26.68M | $3.09M | $-9.36M | $26.35M |
| Surprise % | - | - | - | - | 39.91% | 49.48% | 57.20% | 0.44% | 8.99% | 11.58% | 2.42% | 1.20% | 1.29% | 1.53% | 1.00% | 1.40% | 2.27% | 1.08% | 1.57% | 0.75% | 1.11% | 1.82% | 1.20% | 0.74% | 8.48% | 1.00% | 1.27% |
10 analysts predict CDAY's average Quarter EBITDA for Dec 23 to be $15.51M, with a high of $18.62M and a low of $12.41M. This is -74.19% lower than Dayforce's previous annual EBITDA (Sep 23) of $60.10M.
Dayforce Net Income Forecast
| Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | Jun 18 | Mar 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 6 | 10 | 14 | 13 | 10 | 9 | 20 | 9 | 3 | 4 | 7 | 4 | 4 | 4 | 6 | 4 | 9 | 13 | 13 | 13 | 13 | 7 | 7 | 7 | 15 |
| Net Income | - | - | - | - | $-3.80M | $3.10M | $9.90M | $-5.20M | $-21.00M | $-19.80M | $-27.40M | $-9.50M | $-20.90M | $-25.80M | $-19.20M | $-17.30M | $-800.00K | $5.50M | $8.60M | $-1.50M | $62.70M | $6.30M | $11.20M | $-200.00K | $4.40M | $-65.50M | $-2.10M |
| Avg Forecast | $239.99M | $209.03M | $-13.68M | $-8.14M | $-19.67M | $-17.49M | $-12.43M | $-7.40M | $-17.88M | $-15.90M | $-11.30M | $-7.92M | $-16.26M | $-16.85M | $-19.20M | $-12.36M | $-352.00K | $5.07M | $5.47M | $-2.00M | $56.43M | $3.46M | $9.33M | $-270.00K | $11.88M | $-65.50M | $-1.65M |
| High Forecast | $273.63M | $238.34M | $-10.94M | $-6.51M | $-15.74M | $-13.99M | $-9.95M | $-5.92M | $-14.30M | $-12.72M | $-9.04M | $-6.33M | $-13.00M | $-13.48M | $-15.36M | $-9.89M | $-281.60K | $6.09M | $6.57M | $-1.60M | $67.72M | $4.16M | $11.20M | $-216.00K | $14.26M | $-52.40M | $-1.32M |
| Low Forecast | $213.07M | $185.59M | $-16.41M | $-9.77M | $-23.60M | $-20.98M | $-14.92M | $-8.88M | $-21.46M | $-19.08M | $-13.56M | $-9.50M | $-19.51M | $-20.22M | $-23.04M | $-14.83M | $-422.40K | $4.06M | $4.38M | $-2.40M | $45.14M | $2.77M | $7.47M | $-324.00K | $9.50M | $-78.60M | $-1.99M |
| Surprise % | - | - | - | - | 0.19% | -0.18% | -0.80% | 0.70% | 1.17% | 1.25% | 2.42% | 1.20% | 1.29% | 1.53% | 1.00% | 1.40% | 2.27% | 1.08% | 1.57% | 0.75% | 1.11% | 1.82% | 1.20% | 0.74% | 0.37% | 1.00% | 1.27% |
Dayforce's average Quarter net income forecast for Sep 23 is $-19.67M, with a range of $-23.60M to $-15.74M. CDAY's average Quarter net income forecast represents a -734.49% decrease compared to the company's last Quarter net income of $3.10M (Jun 23).
Dayforce SG&A Forecast
| Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | Jun 18 | Mar 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 6 | 10 | 14 | 13 | 10 | 9 | 20 | 9 | 3 | 4 | 7 | 4 | 4 | 4 | 6 | 4 | 9 | 13 | 13 | 13 | 13 | 7 | 7 | 7 | 15 |
| SG&A | - | - | - | - | $134.00M | $126.50M | $121.90M | $131.80M | $122.70M | $122.50M | $122.00M | $101.30M | $109.10M | $111.80M | $95.60M | $107.40M | $77.30M | $74.60M | $74.20M | $78.10M | $82.30M | $69.30M | $66.20M | $70.40M | $59.40M | $84.10M | $65.60M |
| Avg Forecast | $288.81M | $252.71M | $60.89M | $86.82M | $102.68M | $108.18M | $55.36M | $78.93M | $93.34M | $98.35M | $50.33M | $84.42M | $84.86M | $73.03M | $95.60M | $76.71M | $34.01M | $68.82M | $47.22M | $104.13M | $74.07M | $38.12M | $55.17M | $95.04M | $13.74M | $84.10M | $51.68M |
| High Forecast | $296.26M | $259.23M | $73.07M | $104.19M | $123.21M | $129.82M | $66.43M | $94.72M | $112.01M | $118.02M | $60.39M | $101.30M | $101.83M | $87.63M | $114.72M | $92.06M | $40.81M | $82.59M | $56.66M | $124.96M | $88.88M | $45.74M | $66.20M | $114.05M | $14.09M | $100.92M | $62.02M |
| Low Forecast | $284.85M | $249.25M | $48.71M | $69.46M | $82.14M | $86.55M | $44.29M | $63.14M | $74.67M | $78.68M | $40.26M | $67.53M | $67.88M | $58.42M | $76.48M | $61.37M | $27.21M | $55.06M | $37.77M | $83.31M | $59.26M | $30.49M | $44.13M | $76.03M | $13.55M | $67.28M | $41.35M |
| Surprise % | - | - | - | - | 1.31% | 1.17% | 2.20% | 1.67% | 1.31% | 1.25% | 2.42% | 1.20% | 1.29% | 1.53% | 1.00% | 1.40% | 2.27% | 1.08% | 1.57% | 0.75% | 1.11% | 1.82% | 1.20% | 0.74% | 4.32% | 1.00% | 1.27% |
Dayforce's average Quarter SG&A projection for Dec 23 is $86.82M, based on 10 Wall Street analysts, with a range of $69.46M to $104.19M. The forecast indicates a -35.21% fall compared to CDAY last annual SG&A of $134.00M (Sep 23).
Dayforce EPS Forecast
| Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | Jun 18 | Mar 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 6 | 10 | 14 | 13 | 10 | 9 | 20 | 9 | 3 | 4 | 7 | 4 | 4 | 4 | 6 | 4 | 9 | 13 | 13 | 13 | 13 | 7 | 7 | 7 | 15 |
| EPS | - | - | - | - | $-0.02 | $0.02 | $0.06 | $-0.03 | $-0.14 | $-0.13 | $-0.18 | $-0.06 | $-0.14 | $-0.17 | $-0.13 | $-0.12 | $-0.01 | $0.04 | $0.06 | $-0.01 | $0.44 | $0.04 | $0.08 | $-0.00 | $0.03 | $-0.60 | $-0.02 |
| Avg Forecast | $1.54 | $1.34 | $0.45 | $0.31 | $0.29 | $0.29 | $0.33 | $0.13 | $0.12 | $0.11 | $0.08 | $0.03 | $0.05 | $0.05 | $0.09 | $0.08 | $0.06 | $0.05 | $0.12 | $0.11 | $0.10 | $0.07 | $0.12 | $0.08 | $0.01 | $-0.20 | $0.02 |
| High Forecast | $1.76 | $1.53 | $0.50 | $0.35 | $0.32 | $0.33 | $0.38 | $0.15 | $0.14 | $0.13 | $0.09 | $0.04 | $0.05 | $0.06 | $0.10 | $0.09 | $0.07 | $0.06 | $0.14 | $0.13 | $0.11 | $0.08 | $0.14 | $0.09 | $0.01 | $-0.23 | $0.03 |
| Low Forecast | $1.37 | $1.19 | $0.41 | $0.27 | $0.25 | $0.26 | $0.29 | $0.12 | $0.11 | $0.10 | $0.07 | $0.03 | $0.04 | $0.04 | $0.08 | $0.07 | $0.05 | $0.04 | $0.11 | $0.10 | $0.09 | $0.06 | $0.11 | $0.07 | $0.01 | $-0.18 | $0.02 |
| Surprise % | - | - | - | - | -0.08% | 0.07% | 0.18% | -0.26% | -1.17% | -1.18% | -2.25% | -1.98% | -3.10% | -3.40% | -1.44% | -1.50% | -0.09% | 0.80% | 0.50% | -0.09% | 4.40% | 0.57% | 0.67% | -0.02% | 2.55% | 3.00% | -0.78% |
According to 14 Wall Street analysts, Dayforce's projected average Quarter EPS for Sep 23 is $0.29, with a low estimate of $0.25 and a high estimate of $0.32. This represents a 1370.00% increase compared to CDAY previous annual EPS of $0.02 (Jun 23).
Dayforce Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| PAYC | Paycom Software | $169.38 | $349.50 | 106.34% | Buy |
| PYCR | Paycor HCM | $13.89 | $23.11 | 66.38% | Hold |
| PCTY | Paylocity | $159.53 | $215.00 | 34.77% | Buy |
| CDAY | Dayforce | $69.52 | $81.33 | 16.99% | Hold |
| ALKT | Alkami | $30.17 | $34.50 | 14.35% | Buy |
| ANSS | ANSYS | $318.51 | $359.60 | 12.90% | Buy |
| ENV | Envestnet | $62.62 | $68.52 | 9.42% | Hold |
| AGYS | Agilysys | $102.17 | $108.33 | 6.03% | Buy |
| PWSC | PowerSchool | $22.76 | $24.08 | 5.80% | Hold |
| ROP | Roper | $551.84 | $582.88 | 5.62% | Buy |
| ETWO | E2open Parent | $4.40 | $4.40 | - | Hold |
| AZPN | Aspen | $225.21 | $220.00 | -2.31% | Buy |
| CWAN | Clearwater Analytics | $24.01 | $22.50 | -6.29% | Buy |
| GWRE | Guidewire Software | $171.81 | $156.30 | -9.03% | Buy |
| MANH | Manhattan Associates | $263.74 | $229.33 | -13.05% | Buy |
| CVLT | Commvault Systems | $147.81 | $116.60 | -21.11% | Hold |
CDAY Forecast FAQ
Is Dayforce a good buy?
No, according to 7 Wall Street analysts, Dayforce (CDAY) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 42.86% of CDAY's total ratings.
What is CDAY's price target?
Dayforce (CDAY) average price target is $81.33 with a range of $64 to $110, implying a 14.47% from its last price of $71.05. The data is based on 7 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Dayforce stock go up soon?
According to Wall Street analysts' prediction for CDAY stock, the company can go up by 14.47% (from the last price of $71.05 to the average price target of $81.33), up by 54.82% based on the highest stock price target, and down by -9.92% based on the lowest stock price target.
Can Dayforce stock reach $110?
CDAY's average twelve months analyst stock price target of $81.33 does not support the claim that Dayforce can reach $110 in the near future.
What are Dayforce's analysts' financial forecasts?
CDAY's analysts financial forecasts for the fiscal year (Dec 2023) are as follows: average revenue is $1.49B (high $1.52B, low $1.48B), average EBITDA is $18.95M (high $22.73M, low $15.16M), average net income is $-57.73M (high $-46.184M, low $-69.276M), average SG&A $353.04M (high $423.65M, low $282.43M), and average EPS is $1.22 (high $1.38, low $1.07).
Did the CDAY's actual financial results beat the analysts' financial forecasts?
Based on Dayforce's last annual report (Dec 2022), the company's revenue was $1.25B, beating the average analysts forecast of $1.18B by 5.68%. Apple's EBITDA was $54.7M, beating the average prediction of $17.22M by 217.59%. The company's net income was $-73.4M, beating the average estimation of $-52.482M by 39.86%. Apple's SG&A was $499M, beating the average forecast of $320.94M by 55.48%. Lastly, the company's EPS was $-0.48, missing the average prediction of $0.44 by -209.09%. In terms of the last quarterly report (Sep 2023), Dayforce's revenue was $377.5M, beating the average analysts' forecast of $369.43M by 2.18%. The company's EBITDA was $60.1M, beating the average prediction of $1.51M by 3891.30%. Dayforce's net income was $-3.8M, missing the average estimation of $-19.669M by -80.68%. The company's SG&A was $134M, beating the average forecast of $102.68M by 30.51%. Lastly, the company's EPS was $-0.0244, missing the average prediction of $0.294 by -108.30%