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 | - | - | 7.03% | -4.29% | |
| Nov 14, 2022 | Cowen & Co. | - | - | 13.59% | 8.37% | |
| Oct 31, 2022 | Raimo Lenschow | Barclays | - | - | -2.96% | -9.92% |
| Aug 18, 2022 | Bhavin Shah | Deutsche Bank | - | - | 20.37% | 12.60% |
| Aug 04, 2022 | Kevin McVeigh | Credit Suisse | - | - | 15.72% | 5.56% |
| Aug 04, 2022 | Raimo Lenschow | Barclays | - | - | -19.77% | -26.81% |
| Aug 04, 2022 | Daniel Jester | BMO Capital | - | - | 12.64% | 2.74% |
| Aug 04, 2022 | Siti Panigrahi | Mizuho Securities | - | - | 23.44% | 12.60% |
| Jan 13, 2022 | Arvind Ramnani | Piper Sandler | - | - | 23.12% | 47.78% |
| Jan 06, 2022 | Samad Samana | Jefferies | - | - | 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 | - | - | 47.76% | Hold |
| ETWO | E2open Parent | - | - | 45.21% | Hold |
| PYCR | Paycor HCM | - | - | 25.86% | Hold |
| CDAY | Dayforce | - | - | 16.99% | Hold |
| ALKT | Alkami | - | - | 12.24% | Buy |
| ROP | Roper | - | - | 8.03% | Buy |
| ENV | Envestnet | - | - | 7.48% | Hold |
| PCTY | Paylocity | - | - | 6.51% | Buy |
| ANSS | ANSYS | - | - | 2.74% | Buy |
| AZPN | Aspen | - | - | 1.42% | Buy |
| MANH | Manhattan Associates | - | - | -1.37% | Buy |
| CWAN | Clearwater Analytics | - | - | -10.77% | Buy |
| AGYS | Agilysys | - | - | -15.48% | Buy |
| GWRE | Guidewire Software | - | - | -18.79% | Buy |
| CVLT | Commvault Systems | - | - | -29.44% | Hold |