Dayforce Inc DAY presents a natively constructed platform that might drive extra offers by way of human capital administration companions, a Needham analyst says.
The Dayforce Analyst: Analyst Scott Berg maintained a Purchase ranking and worth goal of $95.
The Dayforce Thesis: The corporate sometimes wins in aggressive bids as a result of excessive ease of use of its naively constructed full suite, which looks like “a single answer,” Berg stated within the word.
Dayforce, which lately did enterprise as Ceridian earlier than rebranding, supplies cloud-based instruments that assist companies handle HR, payroll, workforce administration, and expertise administration.
Try different analyst inventory rankings.
“Our accomplice believes Dayforce performs finest within the 500+ worker vary with specific energy in 500-1,000 worker companies however does work with some bigger firms together with one within the Fortune 10,” he wrote.
New module curiosity is more likely to drive realized PEPM (per worker per thirty days) development, the analyst acknowledged.
“General, the commentary helps our view on how DF ought to have the ability to develop DF recurring revenues in a minimum of the low double-digit vary for a number of years,” he added.
Value Motion: Shares of Dayforce had risen by 0.31% to $55.31 on the time of publication on Monday.
Learn Extra:
Picture: Courtesy of Dayforce
Market Information and Knowledge delivered to you by Benzinga APIs
© 2025 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.
Keep forward of the curve with Enterprise Digital 24. Discover extra tales, subscribe to our e-newsletter, and be a part of our rising neighborhood at nextbusiness24.com
