William Blair analyst Jake Roberge has maintained their bullish stance on DAY stock, giving a Buy rating today.
Jake Roberge has given his Buy rating due to a combination of factors, including Dayforce Inc’s strong performance and promising future outlook. The company reported first-quarter results that exceeded expectations for total revenue, driven by a significant increase in professional services revenue. This growth suggests a robust demand for Dayforce’s platform, which could lead to increased customer adoption and go-live activities.
Additionally, Dayforce’s management has maintained a positive outlook for 2025, expecting substantial revenue growth and healthy margins. The company is also experiencing strong bookings momentum, with an anticipated 40% growth in the first half of 2025. Furthermore, Dayforce is gaining traction with its full suite deals and new AI solutions, indicating a competitive edge in the market. Overall, these factors contribute to a stable demand environment and a positive business trajectory, supporting the Buy rating.
Roberge covers the Technology sector, focusing on stocks such as Workiva, DocuSign, and Vertex. According to TipRanks, Roberge has an average return of -7.4% and a 33.58% success rate on recommended stocks.