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Automatic Data Processing Inc has a consensus price target of $273.18 based on the ratings of 18 analysts. The high is $325 issued by Barclays on November 4, 2024. The low is $213 issued by Deutsche Bank on April 27, 2023. The 3 most-recent analyst ratings were released by Mizuho, Barclays, and TD Cowen on November 4, 2024, November 4, 2024, and November 1, 2024, respectively. With an average price target of $306.67 between Mizuho, Barclays, and TD Cowen, there's an implied 4.30% upside for Automatic Data Processing Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Automatic Data Processing (NASDAQ:ADP) was reported by Mizuho on November 4, 2024. The analyst firm set a price target for $310.00 expecting ADP to rise to within 12 months (a possible 5.44% upside). 22 analyst firms have reported ratings in the last year.
The latest analyst rating for Automatic Data Processing (NASDAQ:ADP) was provided by Mizuho, and Automatic Data Processing maintained their outperform rating.
The last upgrade for Automatic Data Processing Inc happened on January 17, 2024 when B of A Securities raised their price target to $243. B of A Securities previously had an underperform for Automatic Data Processing Inc.
The last downgrade for Automatic Data Processing Inc happened on April 3, 2023 when B of A Securities changed their price target from $249 to $211 for Automatic Data Processing Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Automatic Data Processing, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Automatic Data Processing was filed on November 4, 2024 so you should expect the next rating to be made available sometime around November 4, 2025.
While ratings are subjective and will change, the latest Automatic Data Processing (ADP) rating was a maintained with a price target of $281.00 to $310.00. The current price Automatic Data Processing (ADP) is trading at is $294.02, which is within the analyst’s predicted range.
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