Automatic Data Processing, Inc. (ADP)
NASDAQ: ADP · IEX Real-Time Price · USD
232.97
+0.48 (0.21%)
At close: Dec 29, 2023, 4:00 PM
229.28
-3.69 (-1.58%)
After-hours: Dec 29, 2023, 4:52 PM EST
Automatic Data Processing Stock Forecast
Stock Price Forecast
According to 12 stock analysts, the average 12-month stock price forecast for ADP stock stock is $244.25, which predicts an increase of 4.84%. The lowest target is $211 and the highest is $280. On average, analysts rate ADP stock stock as a hold.
Analyst Consensus: Hold
* Price targets were last updated on Nov 30, 2023.
Analyst Ratings
The average analyst rating for ADP stock from 12 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jul '23 | Aug '23 | Sep '23 | Oct '23 | Nov '23 | Dec '23 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 5 | 5 | 6 | 5 | 7 | 7 |
| Sell | 3 | 3 | 3 | 3 | 3 | 3 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10 | 10 | 11 | 10 | 12 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Stifel | Stifel | Hold Reiterates $250 | Hold | Reiterates | $250 | +7.31% | Nov 30, 2023 |
| UBS | UBS | Hold Initiates $235 | Hold | Initiates | $235 | +0.87% | Nov 7, 2023 |
| Mizuho | Mizuho | Strong Buy Maintains $285 → $255 | Strong Buy | Maintains | $285 → $255 | +9.46% | Oct 31, 2023 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $260 → $250 | Hold | Maintains | $260 → $250 | +7.31% | Oct 26, 2023 |
| Barclays | Barclays | Buy Maintains $285 → $280 | Buy | Maintains | $285 → $280 | +20.19% | Oct 26, 2023 |
Financial Forecast
Revenue This Year
19.34B
from 18.01B
Increased by 7.35%
Revenue Next Year
20.50B
from 19.34B
Increased by 6.02%
EPS This Year
9.22
from 8.21
Increased by 12.25%
EPS Next Year
10.10
from 9.22
Increased by 9.59%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 20.2B | 21.6B | 23.2B | 23.4B | 24.8B |
| Avg | 19.3B | 20.5B | 21.7B | 22.5B | 23.8B |
| Low | 18.7B | 19.6B | 20.4B | 21.9B | 23.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 11.9% | 11.8% | 13.1% | 8.1% | 9.8% |
| Avg | 7.3% | 6.0% | 5.8% | 4.0% | 5.6% |
| Low | 3.6% | 1.2% | -0.5% | 0.9% | 2.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 9.67 | 10.68 | 11.86 | 12.32 | 13.29 |
| Avg | 9.22 | 10.10 | 11.08 | 11.85 | 12.79 |
| Low | 8.85 | 9.60 | 10.56 | 11.50 | 12.41 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 17.8% | 15.9% | 17.4% | 11.2% | 12.2% |
| Avg | 12.3% | 9.6% | 9.7% | 7.0% | 7.9% |
| Low | 7.8% | 4.2% | 4.6% | 3.8% | 4.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.