Ceridian HCM (CDAY) Stock Forecast & Price Target

$78.70 +2.79 (+3.68%)

(As of 11/21/2024 ET)

Ceridian HCM - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy

Based on 3 Analyst Ratings

Sell
0

Hold
0

Buy
3

Based on 3 Wall Street analysts who have issued ratings for Ceridian HCM in the last 12 months, the stock has a consensus rating of "Buy." Out of the 3 analysts, 3 have given a buy rating for CDAY.

Consensus Price Target

$81.00
2.92% Upside

According to the 3 analysts' twelve-month price targets for Ceridian HCM, the average price target is $81.00. The highest price target for CDAY is $86.00, while the lowest price target for CDAY is $75.00. The average price target represents a forecasted upside of 2.92% from the current price of $78.70.

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CDAY Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)	8 Buy rating(s)
Hold	0 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)	7 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$81.00	$77.67	$77.00	$79.06
Forecasted Upside	2.92% Upside	19.87% Upside	39.77% Upside	16.66% Upside
Consensus Rating	Buy	Moderate Buy	Moderate Buy	Moderate Buy

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CDAY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CDAY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Ceridian HCM Stock vs. The Competition

Type	Ceridian HCM	Computer and Technology Companies	S&P 500
Consensus Rating Score	3.00	2.68	2.50
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	6.71% Upside	547.72% Upside	9.84% Upside
News Sentiment Rating	Neutral News See Recent CDAY News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
1/19/2024	Robert W. Baird 2 of 5 stars	Reiterated Rating	Outperform ➝ Outperform	$86.00	+30.32%
1/10/2024	Stifel Nicolaus 4 of 5 stars	Initiated Coverage	Buy	$75.00	+13.81%
12/5/2023	Needham & Company LLC 3 of 5 stars	Reiterated Rating	Buy ➝ Buy	$82.00	+17.95%
11/7/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$87.00	+33.12%
11/2/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$65.00 ➝ $62.00	-7.61%
10/23/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$74.00	+6.12%
Get the Latest News and Ratings for CDAY and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Ceridian HCM and its competitors with MarketBeat's FREE daily newsletter.
10/12/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Neutral	$73.00	-2.84%
8/3/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$73.00 ➝ $74.00	+10.45%
7/21/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	$74.00 ➝ $84.00	+21.21%
7/13/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform	$69.00 ➝ $71.00	+4.44%
5/4/2023	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$86.00 ➝ $77.00	+22.98%
5/4/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$105.00 ➝ $83.00	+32.57%
5/4/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$75.00 ➝ $65.00	+3.82%
2/9/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$82.00 ➝ $90.00	+14.07%
2/9/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	$73.00 ➝ $86.00	+15.24%
2/9/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	$77.00 ➝ $87.00	+16.58%
2/9/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	$80.00 ➝ $95.00	+27.29%
1/9/2023	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Market Perform	$68.00	+11.55%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 08:00 PM ET.

CDAY Forecast - Frequently Asked Questions

: According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for Ceridian HCM is $81.00, with a high forecast of $86.00 and a low forecast of $75.00.
: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ceridian HCM in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CDAY shares.
: According to analysts, Ceridian HCM's stock has a predicted upside of 2.92% based on their 12-month stock forecasts.
: Analysts like Ceridian HCM more than other "computer and technology" companies. The consensus rating for Ceridian HCM is Buy while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how CDAY compares to other companies.

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This page (NYSE:CDAY) was last updated on 11/21/2024 by MarketBeat.com Staff

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Ceridian HCM (CDAY) Stock Forecast & Price Target