Needham analyst Scott Berg has maintained their bullish stance on DAY stock, giving a Buy rating today.
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Scott Berg’s rating is based on a combination of factors that highlight Dayforce Inc’s potential for future growth. The company reported strong first-quarter results for 2025, with adjusted EBITDA surpassing market expectations, despite a modest revenue beat. This performance was supported by robust demand and significant upmarket strength, which is anticipated to contribute to revenue growth acceleration in 2026.
Additionally, Dayforce’s guidance remains conservative, particularly concerning foreign exchange impacts, which have recently become favorable. The signing of the company’s largest-ever deal in the first quarter further underscores its success in expanding upmarket, reinforcing the positive outlook that underpins the Buy rating.