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The latest announcement is out from Dayforce Inc ( (DAY) ).
Dayforce, Inc. announced a merger agreement with Dawn Bidco, LLC, where Dayforce will become a wholly owned subsidiary of Dawn Bidco. The company has received demand letters and complaints from stockholders alleging disclosure deficiencies in the merger proxy statement. To avoid delays and costs, Dayforce is voluntarily providing additional disclosures while denying any wrongdoing.
The most recent analyst rating on (DAY) stock is a Hold with a $70.00 price target. To see the full list of analyst forecasts on Dayforce Inc stock, see the DAY Stock Forecast page.
Spark’s Take on DAY Stock
According to Spark, TipRanks’ AI Analyst, DAY is a Outperform.
Dayforce Inc’s overall stock score is driven by strong financial performance and a highly positive earnings call, which highlight impressive revenue growth and strategic advancements. Technical analysis supports a positive trend, though valuation concerns due to a high P/E ratio and lack of dividend yield weigh on the score. The absence of notable corporate events does not impact the overall assessment.
To see Spark’s full report on DAY stock, click here.
More about Dayforce Inc
Average Trading Volume: 2,839,642
Technical Sentiment Signal: Buy
Current Market Cap: $10.98B
See more insights into DAY stock on TipRanks’ Stock Analysis page.