Analysts update ratings on Dayforce with mixed outlooks and rising price targets

Seven analysts have recently updated their ratings on Dayforce (NYSE:DAY), showing a mix of bullish and bearish sentiments. In the last 30 days, there were two bullish, three somewhat bullish, and two indifferent ratings, compared to no bearish ratings. The average 12-month price target for Dayforce has increased to $73.71, up 7.87% from $68.33. The highest target is $82.00, while the lowest is $62.00. Recent adjustments include several analysts raising their ratings and price targets. Dayforce, which provides payroll and human capital management solutions, has seen a revenue growth rate of 15.69% as of June 30, 2024. However, its net margin and return on equity remain below industry averages, indicating challenges in profitability and capital efficiency.