Citi raised the firm’s price target on Dayforce to $74 from $66 and keeps a Buy rating on the shares, stating that Q2 headline results were “likely better than feared.” The firm, which adds that it is “encouraged by the solid execution and improved win rates” with free cash flow beginning to ramp, continues to view Dayforce as “the best positioned in HCM,” the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DAY:
- Dayforce Wallet Surpasses $4B in Payroll Delivered
- Dayforce Announces $500 Million Share Repurchase Program
- Dayforce price target lowered to $70 from $80 at Mizuho
- Dayforce to Announce Second Quarter 2024 Financial Results on July 31st and Participate in Upcoming Investor Conferences
- WHSmith Implements Full Dayforce Suite for 10,000 UK Employees