DAY Price Prediction Next Week
Analysis and Insights
Technical Analysis:
The stock price of DAY is currently showing bearish momentum, with the price crossing below the key 200-day moving average. The Relative Strength Index (RSI) for DAY is at 17.87 (6-day), 21.71 (12-day), and 23.00 (14-day), indicating that the stock is in oversold territory. The MACD is also bearish, with a value of -3.50, further confirming the downward trend.
News Sentiment and Fundamental Analysis:
Recent news indicates that DAY announced a 5% reduction in its global workforce as part of an efficiency initiative. While this move is expected to generate $65M in annual savings, it has introduced uncertainty in the short term. The stock price reacted negatively to this announcement, dropping 8% on the day of the news.
Analyst Sentiment:
Analysts have a mixed outlook on DAY, with a consensus target price of $80.94, representing an 18.56% upside from the current price of $62.90. However, the recent workforce reduction and mixed earnings guidance have led to a more cautious stance among some analysts.
Price Prediction:
Based on the technical indicators and recent news, the stock is likely to face continued downward pressure in the short term. However, given the oversold condition, a slight rebound to $64.50 is possible.
Recommendation:
Sell at the next trading week's price target of $64.50, as the bearish technical indicators and recent news suggest continued downward momentum.
DAY Similar Chart Price Prediction
The price of DAY is predicted to go up -5.04%, based on the high correlation periods with SHEL. The similarity of these two price pattern on the periods is 98.63%.
DAY
SHEL
Down: -5.04%Similarity: 98.63%
DAY Revenue Forecast
DAY EPS Forecast
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DAY Analyst's Forecast
Brad Reback
Stifel
Strong Buy
2025-02-06
Price Target
$90 → $85
Upside
+29.44%
Stifel analyst Brad Reback lowered the firm's price target on Dayforce to $85 from $90 and keeps a Buy rating on the shares after the company reported "a mixed quarter." Management reiterated their FY25 top-line and free cash flow outlook and increased their adjusted EBITDA margin outlook, notes the analyst, who tells investors that management's tone on the earnings call and callback was "upbeat."
Steven Enders
Citigroup
Strong Buy
2025-01-16
Price Target
$90 → $83
Upside
+18.27%
Raimo Lenschow
Barclays
Hold
2025-01-10
Price Target
$84 → $80
Upside
+13.81%
