Dayforce: Decent Performance, But Now This Company Is Fully Valued (Rating Downgrade) [Seeking Alpha]
Freshworks Inc. (FRSH)
Last freshworks inc. earnings: 3/14 04:05 pm
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US:NASDAQ Investor Relations:
investors.papamurphys.com/investor-relations
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Source: Seeking Alpha
Summary Downgrading Dayforce to a sell rating after the stock's post-Q2 earnings rally. While the company is achieving decent sales growth, risks abound as lower interest rates will impede the company's float revenue. Trading at 27x P/E and 5.1x EV/FY25 revenue, Dayforce is expensive compared to peers like Asana and Freshworks. It's a good time to sell Dayforce and invest in better value stocks. Tom Werner With the prospect of interest rate cuts around the corner, suddenly fears over valuation and the red-hot nature of the stock market have dissipated. Prudent investors, however, should take care to take advantage of the recent market rebound to de-risk their portfolios and prepare a war chest to buy back if/ when the market turns south. Dayforce Inc. ( NYSE: DAY ), in my opinion, is a stock that is ripe for profit-taking. The cloud-based HCM company, a Canadian competitor to Workday, Inc. ( WDAY ), has rallied after the company posted strong Q2 results. Though down ~15
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News
- Why Freshworks (FRSH) Stock Is Up Today [Yahoo! Finance]Yahoo! Finance
- Why Freshworks Rallied Big Today [Yahoo! Finance]Yahoo! Finance
- Freshworks Inc. (NASDAQ: FRSH) had its price target raised by analysts at JPMorgan Chase & Co. from $17.00 to $20.00. They now have an "overweight" rating on the stock.MarketBeat
- Freshworks Inc. (NASDAQ: FRSH) had its price target lowered by analysts at Robert W. Baird from $16.00 to $15.00. They now have a "neutral" rating on the stock.MarketBeat
- Freshworks Inc. (NASDAQ: FRSH) had its price target raised by analysts at JMP Securities from $21.00 to $24.00. They now have a "market outperform" rating on the stock.MarketBeat
FRSH
Earnings
- 11/6/24 - Beat
FRSH
Sec Filings
- 11/6/24 - Form 10-Q
- 11/6/24 - Form 8-K
- 11/5/24 - Form 4
- FRSH's page on the SEC website