Dayforce (DAY) Stock Forecast, Price Target & Predictions
DAY Stock Forecast
Dayforce stock forecast is as follows: an average price target of $68.50 (represents a -8.37% downside from DAY’s last price of $74.76) and a rating consensus of 'Buy', based on 8 wall street analysts offering a 1-year stock forecast.
DAY Price Target
The average price target for Dayforce (DAY) is $68.50 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $80.00 to $53.00. This represents a potential -8.37% downside from DAY's last price of $74.76.
DAY Analyst Ratings
According to 8 Wall Street analysts, Dayforce's rating consensus is 'Buy'. The analyst rating breakdown for DAY stock is 0 'Strong Buy' (0.00%), 5 'Buy' (62.50%), 3 'Hold' (37.50%), 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 |
|---|---|---|---|---|---|---|
| Nov 01, 2024 | Daniel Jester | BMO Capital | $80.00 | $75.23 | 6.34% | 7.01% |
| Sep 23, 2024 | Jason Celino | KeyBanc | $70.00 | $59.20 | 18.24% | -6.37% |
| Jul 31, 2024 | Arvind Ramnani | Piper Sandler | $71.00 | $59.28 | 19.77% | -5.03% |
| Jul 02, 2024 | Arvind Ramnani | Piper Sandler | $68.00 | $50.33 | 35.11% | -9.04% |
| May 31, 2024 | Caydee Blankenship | CFRA | $53.00 | $49.46 | 7.16% | -29.11% |
| May 06, 2024 | Daniel Jester | BMO Capital | $75.00 | $58.40 | 28.42% | 0.32% |
The latest Dayforce stock forecast, released on Nov 01, 2024 by Daniel Jester from BMO Capital, set a price target of $80.00, which represents a 6.34% increase from the stock price at the time of the forecast ($75.23), and a 7.01% increase from DAY last price ($74.76).
Dayforce Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 2 | 6 |
| Avg Price Target | $80.00 | $75.00 | $69.50 |
| Last Closing Price | $74.76 | $74.76 | $74.76 |
| Upside/Downside | 7.01% | 0.32% | -7.04% |
In the current month, the average price target of Dayforce stock is $80.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 7.01% increase as opposed to Dayforce's last price of $74.76. This month's average price target is up 6.67% compared to last quarter, and up 15.11% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 31, 2024 | Citigroup | Buy | Buy | Hold |
| Oct 31, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Oct 22, 2024 | Jefferies | Hold | Hold | Hold |
| Oct 14, 2024 | Piper Sandler | Buy | Buy | Hold |
| Oct 14, 2024 | Needham | Underperform | Underperform | Hold |
| Oct 07, 2024 | Cowen & Co. | Hold | Hold | Hold |
| Sep 25, 2024 | Citigroup | Buy | Buy | Hold |
| Sep 24, 2024 | Sandler O'Neill | Buy | Buy | Hold |
| Sep 23, 2024 | KeyBanc | - | Overweight | Initialise |
| Aug 01, 2024 | BMO Capital | Outperform | Outperform | Hold |
Dayforce's last stock rating was published by Citigroup on Oct 31, 2024. The company gave DAY a "Buy" rating, the same as its previous rate.
Dayforce Financial Forecast
Dayforce Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $399.70M | $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 |
| Avg Forecast | $717.40M | $673.60M | $663.30M | $684.30M | $584.81M | $555.04M | $532.62M | $540.12M | $514.20M | $492.26M | $474.12M | $483.94M | $455.46M | $428.34M | $417.51M | $426.12M | $399.84M | $369.44M | $358.25M | $361.13M | $325.03M | $305.53M | $294.50M | $289.32M | $275.44M | $253.79M | $238.45M | $222.79M | $217.59M | $200.50M |
| High Forecast | $730.81M | $686.19M | $675.70M | $697.09M | $595.74M | $565.42M | $542.58M | $550.22M | $523.81M | $501.45M | $482.98M | $497.67M | $460.11M | $428.38M | $417.51M | $426.12M | $404.99M | $376.34M | $364.95M | $367.88M | $331.11M | $305.53M | $294.50M | $289.32M | $275.44M | $253.79M | $238.45M | $222.79M | $217.59M | $200.50M |
| Low Forecast | $702.25M | $659.38M | $649.29M | $669.85M | $572.46M | $543.32M | $521.38M | $528.72M | $503.35M | $481.86M | $464.10M | $474.34M | $453.62M | $428.30M | $417.51M | $426.12M | $397.78M | $361.64M | $350.69M | $353.51M | $318.17M | $305.53M | $294.50M | $289.32M | $275.44M | $253.79M | $238.45M | $222.79M | $217.59M | $200.50M |
| # Analysts | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 10 | 12 | 6 | 3 | 4 | 7 | 5 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 3 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.02% | 1.02% | 1.03% | 1.03% | 1.03% | 1.02% | 1.01% | 1.02% | 1.01% | 1.05% | 1.05% | 1.02% | 1.02% |
Dayforce's average Quarter revenue forecast for Mar 24 based on 4 analysts is $426.12M, with a low forecast of $426.12M, and a high forecast of $426.12M. DAY's average Quarter revenue forecast represents a 6.61% increase compared to the company's last Quarter revenue of $399.70M (Dec 23).
Dayforce EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 10 | 12 | 6 | 3 | 4 | 7 | 5 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 3 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $63.40M | $71.00M | $57.80M | $64.80M | $34.40M | $25.10M | $25.10M | $22.00M | $6.70M | $8.90M | $9.50M | $22.70M | $13.00M | $14.10M |
| Avg Forecast | $65.86M | $61.84M | $60.89M | $62.82M | $53.69M | $50.95M | $48.90M | $49.58M | $47.21M | $45.19M | $43.53M | $44.43M | $41.81M | $39.32M | $38.33M | $39.12M | $36.71M | $33.92M | $32.89M | $33.15M | $29.84M | $28.05M | $27.04M | $26.56M | $25.29M | $23.30M | $21.89M | $20.45M | $19.98M | $18.41M |
| High Forecast | $67.09M | $62.99M | $62.03M | $63.99M | $54.69M | $51.91M | $49.81M | $50.51M | $48.09M | $46.03M | $44.34M | $45.69M | $42.24M | $39.33M | $38.33M | $39.12M | $37.18M | $34.55M | $33.50M | $33.77M | $30.40M | $28.05M | $27.04M | $26.56M | $25.29M | $23.30M | $21.89M | $20.45M | $19.98M | $18.41M |
| Low Forecast | $64.47M | $60.53M | $59.61M | $61.49M | $52.55M | $49.88M | $47.86M | $48.54M | $46.21M | $44.24M | $42.61M | $43.55M | $41.64M | $39.32M | $38.33M | $39.12M | $36.52M | $33.20M | $32.19M | $32.45M | $29.21M | $28.05M | $27.04M | $26.56M | $25.29M | $23.30M | $21.89M | $20.45M | $19.98M | $18.41M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.73% | 2.09% | 1.76% | 1.95% | 1.15% | 0.89% | 0.93% | 0.83% | 0.26% | 0.38% | 0.43% | 1.11% | 0.65% | 0.77% |
4 analysts predict DAY's average Quarter EBITDA for Mar 24 to be $39.12M, with a high of $39.12M and a low of $39.12M. This is -38.30% lower than Dayforce's previous annual EBITDA (Dec 23) of $63.40M.
Dayforce Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 10 | 12 | 6 | 3 | 4 | 7 | 5 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 3 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $45.60M | $-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 |
| Avg Forecast | $140.54M | $137.34M | $138.94M | $167.69M | $113.52M | $106.29M | $96.37M | $111.70M | $93.79M | $87.62M | $80.67M | $91.58M | $72.56M | $68.60M | $57.99M | $67.81M | $50.84M | $46.90M | $46.70M | $49.99M | $18.52M | $18.67M | $16.27M | $12.24M | $4.78M | $6.45M | $5.04M | $13.89M | $11.12M | $8.72M |
| High Forecast | $143.95M | $140.68M | $142.32M | $171.76M | $116.28M | $108.87M | $98.72M | $114.41M | $96.07M | $89.75M | $82.63M | $97.58M | $75.65M | $68.81M | $58.00M | $67.84M | $55.61M | $48.04M | $47.84M | $51.20M | $18.97M | $18.67M | $16.27M | $12.24M | $4.78M | $6.45M | $5.04M | $13.89M | $11.12M | $8.72M |
| Low Forecast | $136.68M | $133.57M | $135.13M | $163.08M | $110.40M | $103.37M | $93.73M | $108.63M | $91.22M | $85.22M | $78.46M | $87.08M | $69.47M | $68.40M | $57.98M | $67.78M | $44.49M | $45.62M | $45.42M | $48.62M | $18.01M | $18.67M | $16.27M | $12.24M | $4.78M | $6.45M | $5.04M | $13.89M | $11.12M | $8.72M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.90% | -0.08% | 0.07% | 0.20% | -0.28% | -1.13% | -1.22% | -2.24% | -1.99% | -3.24% | -5.12% | -1.38% | -1.56% | -0.09% |
Dayforce's average Quarter net income forecast for Mar 24 is $67.81M, with a range of $67.78M to $67.84M. DAY's average Quarter net income forecast represents a 48.71% increase compared to the company's last Quarter net income of $45.60M (Dec 23).
Dayforce SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 10 | 12 | 6 | 3 | 4 | 7 | 5 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 3 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $125.80M | $106.60M | $113.10M | $110.80M | $119.30M | $110.50M | $110.50M | $108.70M | $111.20M | $97.40M | $97.10M | $86.40M | $87.90M | $77.20M |
| Avg Forecast | $272.96M | $256.29M | $252.37M | $260.36M | $222.51M | $211.19M | $202.65M | $205.51M | $195.65M | $187.30M | $180.39M | $184.13M | $173.30M | $162.98M | $158.86M | $162.13M | $152.13M | $140.57M | $136.31M | $137.41M | $123.67M | $116.25M | $112.05M | $110.08M | $104.80M | $96.56M | $90.72M | $84.77M | $82.79M | $76.29M |
| High Forecast | $278.06M | $261.08M | $257.09M | $265.23M | $226.67M | $215.13M | $206.44M | $209.35M | $199.30M | $190.80M | $183.76M | $189.36M | $175.06M | $162.99M | $158.86M | $162.13M | $154.09M | $143.19M | $138.86M | $139.97M | $125.98M | $116.25M | $112.05M | $110.08M | $104.80M | $96.56M | $90.72M | $84.77M | $82.79M | $76.29M |
| Low Forecast | $267.20M | $250.88M | $247.05M | $254.87M | $217.81M | $206.73M | $198.38M | $201.17M | $191.52M | $183.34M | $176.58M | $180.48M | $172.59M | $162.96M | $158.86M | $162.13M | $151.35M | $137.60M | $133.43M | $134.50M | $121.06M | $116.25M | $112.05M | $110.08M | $104.80M | $96.56M | $90.72M | $84.77M | $82.79M | $76.29M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.83% | 0.76% | 0.83% | 0.81% | 0.96% | 0.95% | 0.99% | 0.99% | 1.06% | 1.01% | 1.07% | 1.02% | 1.06% | 1.01% |
Dayforce's average Quarter SG&A projection for Mar 24 is $162.13M, based on 4 Wall Street analysts, with a range of $162.13M to $162.13M. The forecast indicates a 28.88% rise compared to DAY last annual SG&A of $125.80M (Dec 23).
Dayforce EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 10 | 12 | 6 | 3 | 4 | 7 | 5 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 3 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.29 | $-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 |
| Avg Forecast | $0.88 | $0.86 | $0.87 | $1.05 | $0.71 | $0.67 | $0.60 | $0.70 | $0.59 | $0.55 | $0.51 | $0.57 | $0.45 | $0.43 | $0.36 | $0.42 | $0.32 | $0.29 | $0.29 | $0.31 | $0.12 | $0.12 | $0.10 | $0.08 | $0.03 | $0.04 | $0.03 | $0.09 | $0.07 | $0.06 |
| High Forecast | $0.90 | $0.88 | $0.89 | $1.08 | $0.73 | $0.68 | $0.62 | $0.72 | $0.60 | $0.56 | $0.52 | $0.61 | $0.47 | $0.43 | $0.36 | $0.42 | $0.35 | $0.30 | $0.30 | $0.32 | $0.12 | $0.12 | $0.10 | $0.08 | $0.03 | $0.04 | $0.03 | $0.09 | $0.07 | $0.06 |
| Low Forecast | $0.86 | $0.84 | $0.85 | $1.02 | $0.69 | $0.65 | $0.59 | $0.68 | $0.57 | $0.53 | $0.49 | $0.55 | $0.44 | $0.43 | $0.36 | $0.42 | $0.28 | $0.29 | $0.28 | $0.30 | $0.11 | $0.12 | $0.10 | $0.08 | $0.03 | $0.04 | $0.03 | $0.09 | $0.07 | $0.06 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.91% | -0.08% | 0.07% | 0.21% | -0.29% | -1.18% | -1.26% | -2.32% | -2.07% | -3.43% | -5.33% | -1.48% | -1.70% | -0.10% |
According to 4 Wall Street analysts, Dayforce's projected average Quarter EPS for Mar 24 is $0.42, with a low estimate of $0.42 and a high estimate of $0.42. This represents a 46.42% increase compared to DAY previous annual EPS of $0.29 (Dec 23).