Citi raised the firm’s price target on Dayforce to $75 from $74 and keeps a Buy rating on the shares. The firm updated models and preference rankings across the back office software group post the Q2 results, seeing potential for “underappreciated SMID-cap software names to re-rate amid a more risk-on rate cut cycle with stability in IT budget spend and emerging AI opportunities.” Citi’s new top picks are Pegasystems (PEGA), Intapp (INTA), and Workiva (WK) with Intuit (INTU) its favorite large-cap name.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DAY:
- Walmart upgraded, Starbucks downgraded: Wall Street’s top analyst calls
- Dayforce initiated with an Overweight at KeyBanc
- Dayforce Inc Announces Executive Leadership Restructuring
- UBS Sees the S&P 500 Surging to 6,200 by Next Year — Here Are 2 Stocks to Ride the Wave
- Dayforce Announces 2024 Investor Day
Questions or Comments about the article? Write to editor@tipranks.com