Dayforce (CDAY) Stock Forecast, Price Target & Predictions


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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


Hold

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


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jan 09, 2023-MoffettNathanson$68.00$63.537.03%-4.29%
Nov 14, 2022-Cowen & Co.$77.00$67.7913.59%8.37%
Oct 31, 2022Raimo LenschowBarclays$64.00$65.95-2.96%-9.92%
Aug 18, 2022Bhavin ShahDeutsche Bank$80.00$66.4620.37%12.60%
Aug 04, 2022Kevin McVeighCredit Suisse$75.00$64.8115.72%5.56%
Aug 04, 2022Raimo LenschowBarclays$52.00$64.81-19.77%-26.81%
Aug 04, 2022Daniel JesterBMO Capital$73.00$64.8112.64%2.74%
Aug 04, 2022Siti PanigrahiMizuho Securities$80.00$64.8123.44%12.60%
Jan 13, 2022Arvind RamnaniPiper Sandler$105.00$85.2823.12%47.78%
Jan 06, 2022Samad SamanaJefferies$110.00$90.2521.88%54.82%
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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


1M3M12M
# 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


DateCompanyPrevious RatingNew RatingRating Change
Jan 10, 2024NeedhamUnderperformUnderperformHold
Jan 10, 2024UBSBuyBuyHold
Oct 05, 2023Needham-BuyUpgrade
Jan 09, 2023MoffettNathanson-Market PerformInitialise
Nov 14, 2022Cowen & Co.OutperformOutperformHold
Oct 31, 2022Barclays-Equal-WeightUpgrade
Sep 01, 2022Citigroup-NeutralInitialise
Aug 18, 2022Deutsche BankBuyBuyHold
May 23, 2022JefferiesHoldHoldHold
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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 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18Jun 18Mar 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
# Analysts3361014131092093474446491313131377715
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 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18Jun 18Mar 18
# Analysts3361014131092093474446491313131377715
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 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18Jun 18Mar 18
# Analysts3361014131092093474446491313131377715
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 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18Jun 18Mar 18
# Analysts3361014131092093474446491313131377715
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 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18Jun 18Mar 18
# Analysts3361014131092093474446491313131377715
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


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
PAYCPaycom Software$211.46$339.8860.73%Hold
ETWOE2open Parent$2.94$4.4049.66%Hold
PYCRPaycor HCM$15.71$22.0040.04%Hold
ALKTAlkami$36.53$45.6725.02%Buy
CDAYDayforce$69.52$81.3316.99%Hold
PCTYPaylocity$191.35$216.6413.22%Buy
AGYSAgilysys$102.95$116.2012.87%Buy
ROPRoper$542.08$605.1111.63%Buy
ANSSANSYS$324.16$359.6010.93%Buy
ENVEnvestnet$62.79$67.868.07%Hold
AZPNAspen$237.59$250.005.22%Buy
MANHManhattan Associates$266.64$276.573.72%Buy
CWANClearwater Analytics$26.31$26.330.08%Buy
GWREGuidewire Software$185.52$164.70-11.22%Buy
CVLTCommvault Systems$157.29$123.20-21.67%Hold

CDAY Forecast FAQ


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.

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.

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.

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.

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).

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%