Dayforce Reports Fourth Quarter and Full Year 2024 Results1
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Dayforce (DAY) PT Lowered to $68 at JPMorgan
February 5, 2025 2:19 PM ESTJPMorgan analyst Mark Murphy lowered the price target on Dayforce (NYSE: DAY) to $68.00 (from $73.00) while maintaining a Neutral rating.
The analyst comments "In our preview, we shared our structurally positive stance on Dayforce, including its technical product differentiation, though noted some moving variables into the print and guide, namely incremental FX headwinds. Mostly aligning with this, Dayforce reports FQ4 results that land ahead in total revenue terms though guides FQ1 below (partially due to FX), this occurring simultaneously with an uptick in positive sales (bookings) commentary, trends that appeared to continue from... More
