Scotiabank initiated coverage of Dayforce (DAY) with a Sector Perform rating and $75 price target The firm says that after a “choppy year” for the software sector followed by a strong three months, there is opportunity to generate alpha by continuing to own “clear market winners” as well as companies with re-rate potential on the benefits or artificial intelligence. Stock picking “has become more crucial than ever” with the bulk of investor interest being in semiconductors to questions on why certain software businesses should still exist beyond five years, the analyst tells investors in a research note.
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Read More on DAY:
- Dayforce price target raised to $95 from $82 at Needham
- Dayforce announces Dayforce AI Agents
- Dayforce announces Dayforce Strategic Workforce Planning
- Dayforce announces Dayforce Communications
- Dayforce price target raised to $90 from $80 at BMO Capital
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
