Dayforce Reports Third Quarter 2024 Results¹
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Dayforce (DAY) PT Raised to $63 at JPMorgan
October 30, 2024 4:25 PM EDTJPMorgan analyst Mark Murphy raised the price target on Dayforce (NYSE: DAY) to $63.00 (from $58.00) while maintaining a Neutral rating.
The analyst comments "Dayforce delivers another quarter of fairly stable results, with total revenue and margin upside in Q3, combined with a slight raise to FY24 targets in reported total revenue and Adj. EBITDA terms, though partially float driven. Aligning with the constructive tone in our preview, the company reiterates healthy underlying sales pipeline trends, though this is balanced by a somewhat surprising indication of a ~25% elongation in sales cycles in the period,... More
