Automatic Data Processing (ADP) Stock Forecast & Price Target

$305.15 +0.58 (+0.19%)

(As of 11/22/2024 ET)

Automatic Data Processing - 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

Hold

Based on 12 Analyst Ratings

Sell
2

Hold
8

Buy
2

Based on 12 Wall Street analysts who have issued ratings for Automatic Data Processing in the last 12 months, the stock has a consensus rating of "Hold." Out of the 12 analysts, 2 have given a sell rating, 8 have given a hold rating, and 2 have given a buy rating for ADP.

Consensus Price Target

$289.91
-4.99% Downside

According to the 12 analysts' twelve-month price targets for Automatic Data Processing, the average price target is $289.91. The highest price target for ADP is $325.00, while the lowest price target for ADP is $235.00. The average price target represents a forecasted downside of -4.99% from the current price of $305.15.

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ADP Analyst Ratings Over Time

Type	Current Forecast 11/25/23 to 11/24/24	1 Month Ago 10/26/23 to 10/25/24	3 Months Ago 8/27/23 to 8/26/24	1 Year Ago 11/25/22 to 11/25/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)
Hold	8 Hold rating(s)	9 Hold rating(s)	8 Hold rating(s)	3 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$289.91	$275.33	$265.36	$248.42
Forecasted Upside	-4.99% Downside	-4.38% Downside	-2.21% Downside	7.70% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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ADP 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.

ADP 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.

Automatic Data Processing Stock vs. The Competition

Type	Automatic Data Processing	Business Services Companies	S&P 500
Consensus Rating Score	2.00	2.68	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	-4.99% Downside	346.25% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent ADP 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	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/4/2024	Mizuho 2 of 5 stars		Boost Target	Outperform ➝ Outperform	$281.00 ➝ $310.00	+7.57%
11/4/2024	Barclays 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$310.00 ➝ $325.00	+12.78%
11/1/2024	TD Cowen 4 of 5 stars		Boost Target	Hold ➝ Hold	$276.00 ➝ $285.00	-0.85%
10/31/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform ➝ Sector Perform	$267.00 ➝ $315.00	+8.32%
10/22/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$270.00 ➝ $295.00	+2.04%
10/22/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$260.00 ➝ $290.00	-0.31%
Get the Latest News and Ratings for ADP and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Automatic Data Processing and its competitors with MarketBeat's FREE daily newsletter.
9/25/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Christiansen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$260.00 ➝ $295.00	+6.88%
8/20/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$250.00 ➝ $285.00	+7.63%
8/1/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$250.00 ➝ $267.00	+2.54%
8/1/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$271.00 ➝ $287.00	+9.39%
3/26/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underperform ➝ Underperform	$227.00 ➝ $235.00	-4.08%
1/4/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Peer Perform
10/26/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$260.00 ➝ $250.00	+12.44%
7/27/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$235.00 ➝ $270.00	+6.53%
4/27/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
4/27/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$234.00 ➝ $213.00	+1.39%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 02:33 AM ET.

Should I Buy Automatic Data Processing Stock? ADP Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, November 21, 2024. Please send any questions or comments about these Automatic Data Processing pros and cons to contact@marketbeat.com.

Automatic Data Processing
Bull Case

Here are some ways that investors could benefit from investing in Automatic Data Processing, Inc.:

Automatic Data Processing, Inc. recently reported earnings of $2.33 per share, exceeding analysts' expectations of $2.21, indicating strong financial performance and effective management.
The company has shown a year-over-year revenue growth of 7.1%, reaching $4.83 billion, which reflects its ability to expand and capture market share.
With a market capitalization of $121.28 billion, Automatic Data Processing, Inc. is a significant player in the business services sector, providing stability and potential for growth.
The stock is currently trading at $297.65, which is near its 1-year high of $309.37, suggesting strong investor confidence and potential for further appreciation.
Automatic Data Processing, Inc. has a high return on equity of 82.36%, indicating efficient use of shareholders' equity to generate profits.

Automatic Data Processing
Bear Case

Investors should be bearish about investing in Automatic Data Processing, Inc. for these reasons:

The stock has a relatively high price-to-earnings (P/E) ratio of 32.04, which may suggest that it is overvalued compared to its earnings, potentially limiting future price appreciation.
Automatic Data Processing, Inc. has a beta of 0.79, indicating lower volatility compared to the market, which may not appeal to investors seeking high-risk, high-reward opportunities.
Despite recent growth, the company faces competition in the business services sector, which could impact its market share and profitability in the future.
Institutional investors own 80.03% of the stock, which may lead to less price stability as large investors can significantly influence stock movements.
The recent trading volume of 657,984 shares is below its average of 1,629,645, suggesting a potential decrease in investor interest or liquidity issues.

ADP Forecast - Frequently Asked Questions

: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Automatic Data Processing is $289.91, with a high forecast of $325.00 and a low forecast of $235.00.
: 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Automatic Data Processing in the last twelve months. There are currently 2 sell ratings, 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ADP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ADP, but not buy additional shares or sell existing shares.
: According to analysts, Automatic Data Processing's stock has a predicted downside of -4.99% based on their 12-month stock forecasts.
: Automatic Data Processing has been rated by research analysts at Barclays, Citigroup, Jefferies Financial Group, Mizuho, Royal Bank of Canada, TD Cowen, and UBS Group in the past 90 days.
: Analysts like Automatic Data Processing less than other "business services" companies. The consensus rating for Automatic Data Processing is Hold while the average consensus rating for "business services" companies is Moderate Buy. Learn more on how ADP compares to other companies.

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This page (NASDAQ:ADP) was last updated on 11/24/2024 by MarketBeat.com Staff

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Automatic Data Processing (ADP) Stock Forecast & Price Target