Dayforce Inc.’s Stock Price Slumps to $66.00, Marking a Sharp 8% Downfall

Dayforce Inc. (DAY)

66.00 USD -5.74 (-8.00%) Volume: 6.2M

Dayforce Inc.’s stock price, currently at 66.00 USD, experiences a significant -8.00% dip this trading session with a substantial trading volume of 6.2M. The company’s stock performance continues its downward trend with a -7.83% change YTD, reflecting investor sentiment in the market.

Latest developments on Dayforce Inc.

Dayforce Inc. reported its fourth quarter and full year 2024 results, with revenue hitting $465.2 million and net income at $10.8 million. Despite beating earnings estimates, the stock slipped as the outlook disappointed investors. JPMorgan adjusted the price target on Dayforce to $68 from $73, leading to further market reaction. The company targets a 15% revenue growth for 2025 with a 32% adjusted EBITDA margin. Investors are closely watching Dayforce shares post earnings to determine their next move in the market.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma