Buy Rating Supported by Adjusted Revenue and Growth Potential

TD Cowen analyst Jared Levine maintained a Buy rating on Dayforce Inc (DAY – Research Report) today and set a price target of $68.00.

Jared Levine’s rating is based on multiple considerations, including adjustments to revenue estimates in light of recent financial trends. Despite a slight reduction in revenue projections across various categories, favorable foreign exchange conditions have partially offset these decreases. Additionally, adjustments were made to the estimates for adjusted EBITDA and free cash flow, reflecting these updated expectations. Levine’s analysis suggests that the potential for growth, particularly in areas excluding float, remains promising, which supports the Buy rating.

According to TipRanks, Levine is an analyst with an average return of -4.4% and a 36.00% success rate. Levine covers the Technology sector, focusing on stocks such as Dayforce Inc, Paycom, and Paylocity.