Dayforce (DAY) Stock Forecast, Price Target & Predictions


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DAY Stock Forecast


Dayforce stock forecast is as follows: an average price target of $73.67 (represents a -1.56% downside from DAY’s last price of $74.84) 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 $73.67 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 $70.00. This represents a potential -1.56% downside from DAY's last price of $74.84.

DAY Analyst Ratings


Buy

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


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 01, 2024Daniel JesterBMO Capital$80.00$75.236.34%6.89%
Sep 23, 2024Jason CelinoKeyBanc$70.00$59.2018.24%-6.47%
Jul 31, 2024Arvind RamnaniPiper Sandler$71.00$59.2819.77%-5.13%
Jul 02, 2024Arvind RamnaniPiper Sandler$68.00$50.3335.11%-9.14%
May 31, 2024Caydee BlankenshipCFRA$53.00$49.467.16%-29.18%
May 06, 2024Daniel JesterBMO Capital$75.00$58.4028.42%0.21%

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 6.89% increase from DAY last price ($74.84).

Dayforce Price Target by Period


1M3M12M
# Anlaysts-26
Avg Price Target-$75.00$69.50
Last Closing Price$74.84$74.84$74.84
Upside/Downside-100.00%0.21%-7.14%

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 $74.84. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Oct 31, 2024CitigroupBuyBuyHold
Oct 31, 2024KeyBancOverweightOverweightHold
Oct 22, 2024JefferiesHoldHoldHold
Oct 14, 2024Piper SandlerBuyBuyHold
Oct 14, 2024NeedhamUnderperformUnderperformHold
Oct 07, 2024Cowen & Co.HoldHoldHold
Sep 25, 2024CitigroupBuyBuyHold
Sep 24, 2024Sandler O'NeillBuyBuyHold
Sep 23, 2024KeyBancOverweightInitialise
Aug 01, 2024BMO CapitalOutperformOutperformHold
Aug 01, 2024BarclaysEqual-WeightEqual-WeightHold
Jul 31, 2024CitigroupBuyBuyHold
Jul 31, 2024JefferiesHoldHoldHold
Jul 31, 2024Piper SandlerNeutralOverweightUpgrade
Jul 02, 2024Piper SandlerNeutralNeutralHold
Jun 28, 2024Cowen & Co.BuyBuyHold
Jun 28, 2024Cowen & Co.HoldHoldHold
Jun 18, 2024CitigroupBuyBuyHold
Jun 11, 2024Sandler O'NeillBuyBuyHold
Jun 11, 2024BMO CapitalOutperformOutperformHold
May 06, 2024BMO CapitalOutperformOutperformHold
May 02, 2024Sandler O'NeillBuyBuyHold
May 02, 2024Sandler O'NeilUnderperformUnderperformHold
Feb 12, 2024Piper SandlerBuyBuyHold

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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 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$584.49M$555.00M$532.31M$539.01M$514.44M$492.30M$474.15M$483.42M$455.42M$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$732.96M$688.21M$677.68M$699.14M$597.17M$567.04M$543.85M$550.70M$525.59M$502.97M$484.43M$497.13M$460.07M$428.38M$417.51M$426.12M$404.99M$377.45M$366.02M$368.97M$332.08M$305.53M$294.50M$289.32M$275.44M$253.79M$238.45M$222.79M$217.59M$200.50M
Low Forecast$698.52M$655.87M$645.85M$666.29M$569.11M$540.40M$518.30M$524.83M$500.90M$479.34M$461.67M$473.83M$453.58M$428.30M$417.51M$426.12M$397.78M$359.72M$348.83M$351.63M$316.48M$305.53M$294.50M$289.32M$275.44M$253.79M$238.45M$222.79M$217.59M$200.50M
# Analysts585510755854111263475632222345663
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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts585510755854111263475632222345663
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$53.66M$50.95M$48.87M$49.48M$47.23M$45.19M$43.53M$44.38M$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$67.29M$63.18M$62.21M$64.18M$54.82M$52.06M$49.93M$50.56M$48.25M$46.17M$44.47M$45.64M$42.24M$39.33M$38.33M$39.12M$37.18M$34.65M$33.60M$33.87M$30.49M$28.05M$27.04M$26.56M$25.29M$23.30M$21.89M$20.45M$19.98M$18.41M
Low Forecast$64.13M$60.21M$59.29M$61.17M$52.25M$49.61M$47.58M$48.18M$45.98M$44.00M$42.38M$43.50M$41.64M$39.32M$38.33M$39.12M$36.52M$33.02M$32.02M$32.28M$29.05M$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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts585510755854111263475632222345663
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$93.84M$87.67M$80.73M$91.57M$72.55M$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$144.50M$141.21M$142.85M$172.41M$116.72M$109.28M$99.09M$114.85M$96.48M$90.14M$83.01M$97.58M$75.63M$68.81M$58.00M$67.84M$55.61M$48.23M$48.02M$51.40M$19.04M$18.67M$16.27M$12.24M$4.78M$6.45M$5.04M$13.89M$11.12M$8.72M
Low Forecast$135.73M$132.64M$134.19M$161.95M$109.63M$102.65M$93.08M$107.87M$90.63M$84.67M$77.97M$87.07M$69.46M$68.40M$57.98M$67.78M$44.49M$45.30M$45.11M$48.28M$17.88M$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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts585510755854111263475632222345663
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$222.39M$211.17M$202.53M$205.09M$195.74M$187.31M$180.40M$183.93M$173.28M$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$278.88M$261.85M$257.85M$266.01M$227.21M$215.75M$206.93M$209.53M$199.98M$191.37M$184.32M$189.15M$175.05M$162.99M$158.86M$162.13M$154.09M$143.61M$139.27M$140.39M$126.35M$116.25M$112.05M$110.08M$104.80M$96.56M$90.72M$84.77M$82.79M$76.29M
Low Forecast$265.78M$249.55M$245.73M$253.51M$216.54M$205.61M$197.21M$199.69M$190.58M$182.38M$175.66M$180.28M$172.58M$162.96M$158.86M$162.13M$151.35M$136.87M$132.72M$133.79M$120.42M$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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts585510755854111263475632222345663
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$0.85$0.83$0.84$1.01$0.69$0.64$0.58$0.68$0.57$0.53$0.49$0.55$0.43$0.43$0.36$0.42$0.28$0.28$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).

DAY Forecast FAQ


Is Dayforce a good buy?

Yes, according to 8 Wall Street analysts, Dayforce (DAY) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 62.50% of DAY's total ratings.

What is DAY's price target?

Dayforce (DAY) average price target is $73.67 with a range of $70 to $80, implying a -1.56% from its last price of $74.84. The data is based on 8 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 DAY stock, the company can go down by -1.56% (from the last price of $74.84 to the average price target of $73.67), up by 6.89% based on the highest stock price target, and down by -6.47% based on the lowest stock price target.

Can Dayforce stock reach $110?

DAY's average twelve months analyst stock price target of $73.67 does not support the claim that Dayforce can reach $110 in the near future.

What are Dayforce's analysts' financial forecasts?

Dayforce's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $2.21B (high $2.26B, low $2.15B), average EBITDA is $202.96M (high $207.36M, low $197.62M), average net income is $427.87M (high $439.94M, low $413.23M), average SG&A $841.18M (high $859.42M, low $819.04M), and average EPS is $2.68 (high $2.75, low $2.59). DAY's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $2.74B (high $2.8B, low $2.67B), average EBITDA is $251.41M (high $256.86M, low $244.79M), average net income is $584.5M (high $600.98M, low $564.51M), average SG&A $1.04B (high $1.06B, low $1.01B), and average EPS is $3.66 (high $3.76, low $3.53).

Did the DAY's actual financial results beat the analysts' financial forecasts?

Based on Dayforce's last annual report (Dec 2023), the company's revenue was $1.51B, beating the average analysts forecast of $1.49B by 1.68%. Apple's EBITDA was $265.6M, beating the average prediction of $136.66M by 94.35%. The company's net income was $54.8M, missing the average estimation of $194.44M by -71.82%. Apple's SG&A was $447.7M, missing the average forecast of $566.41M by -20.96%. Lastly, the company's EPS was $0.35, missing the average prediction of $1.22 by -71.25%. In terms of the last quarterly report (Dec 2023), Dayforce's revenue was $399.7M, missing the average analysts' forecast of $399.84M by -0.03%. The company's EBITDA was $63.4M, beating the average prediction of $36.71M by 72.72%. Dayforce's net income was $45.6M, missing the average estimation of $50.84M by -10.31%. The company's SG&A was $125.8M, missing the average forecast of $152.13M by -17.31%. Lastly, the company's EPS was $0.29, missing the average prediction of $0.318 by -8.91%