Automatic Data Processing (ADP) Stock Forecast & Price Target

$294.02 +2.69 (+0.92%)

(As of 12/20/2024 05:31 PM ET)

Automatic Data Processing - Analysts' Recommendations and Stock Price Forecast (2025)

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
-1.40% 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 -1.40% from the current price of $294.02.

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ADP Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)
Hold	8 Hold rating(s)	8 Hold rating(s)	8 Hold rating(s)	4 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	$289.91	$265.36	$248.54
Forecasted Upside	-1.40% Downside	-4.85% Downside	-4.00% Downside	7.61% 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	2.69	2.51
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	-1.40% Downside	169.91% Upside	14.53% 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 3 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 5 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%
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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 12:17 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 Sunday, December 15, 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.:

The company recently reported earnings of $2.33 per share, exceeding analysts' expectations of $2.21, indicating strong financial performance and effective management.
Automatic Data Processing, Inc. has shown a year-over-year revenue increase of 7.1%, reflecting growth in its business operations and demand for its services.
The current stock price is $301.80, which is near its 52-week high of $309.63, suggesting strong market confidence and potential for further appreciation.
Analysts have a consensus target price of $289.91, which indicates that the stock may still have room for growth, as it is currently trading above this target.
The company has a solid return on equity of 82.36%, demonstrating its ability to generate profits from shareholders' equity, which is a positive sign for investors.

Automatic Data Processing
Bear Case

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

Insider selling has been observed, with a vice president selling 38,975 shares, which may raise concerns about the company's future prospects from those within the organization.
The stock has a relatively high P/E ratio of 32.39, which could indicate that it is overvalued compared to its earnings, making it a riskier investment.
Despite recent growth, the company has a debt-to-equity ratio of 0.56, which, while manageable, suggests that it is not entirely free from debt obligations that could impact future profitability.
Market analysts have issued a mix of ratings, with two sell ratings and nine hold ratings, indicating uncertainty about the stock's future performance.
The stock's beta of 0.79 suggests lower volatility compared to the market, which may limit potential gains during bullish market conditions.

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 -1.40% 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 12/21/2024 by MarketBeat.com Staff

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Automatic Data Processing (ADP) Stock Forecast & Price Target