Automatic Data Processing, Inc. (ADP)

Automatic Data Processing Stock Forecast

Stock Price Forecast

The 11 analysts with 12-month price forecasts for ADP stock have an average target of 289.91, with a low estimate of 235 and a high estimate of 325. The average target predicts a decrease of -4.55% from the current stock price of 303.74.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$235	$289.91	$290	$325
Change	-22.63%	-4.55%	-4.52%	+7.00%

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 '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	1	1	1	1	0	0
Buy	1	1	1	1	2	2
Hold	10	9	9	8	8	8
Sell	2	2	2	2	2	2
Strong Sell	0	0	0	0	0	0
Total	14	13	13	12	12	12

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Dan Dolev Mizuho	Mizuho	Buy Maintains $281 → $310	Buy	Maintains	$281 → $310	+2.06%	Nov 4, 2024
Ramsey El-Assal Barclays	Barclays	Buy Maintains $310 → $325	Buy	Maintains	$310 → $325	+7.00%	Nov 4, 2024
Bryan Bergin TD Cowen	TD Cowen	Hold Maintains $276 → $285	Hold	Maintains	$276 → $285	-6.17%	Nov 1, 2024
Ashish Sabadra RBC Capital	RBC Capital	Hold Maintains $267 → $315	Hold	Maintains	$267 → $315	+3.71%	Oct 31, 2024
Kevin Mcveigh UBS	UBS	Hold Maintains $270 → $295	Hold	Maintains	$270 → $295	-2.88%	Oct 22, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

20.60B

Increased by 7.28%

from 19.20B

Revenue Next Year

21.76B

Increased by 5.61%

from 20.60B

EPS This Year

10.05

Increased by 10.46%

from 9.10

EPS Next Year

10.98

Increased by 9.27%

from 10.05

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Jun 30, 2020	Jun 30, 2021	Jun 30, 2022	Jun 30, 2023	Jun 30, 2024	Jun 30, 2025	Jun 30, 2026	Jun 30, 2027
Revenue	14.59B	15.01B	16.50B	18.01B	19.20B	20.60B	21.76B	22.92B
Revenue Growth	3.40%	2.85%	9.95%	9.18%	6.61%	7.28%	5.61%	5.34%
EPS	5.70	6.07	7.00	8.21	9.10	10.05	10.98	11.91
EPS Growth	8.78%	6.49%	15.32%	17.29%	10.84%	10.46%	9.27%	8.44%
Forward PE	-	-	-	-	-	30.22	27.66	25.50
No. Analysts	-	-	-	-	-	21	19	12

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	21.5B	22.8B	24.2B
Avg	20.6B	21.8B	22.9B
Low	19.9B	20.8B	21.6B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	11.8%	10.8%	11.4%
Avg	7.3%	5.6%	5.3%
Low	3.8%	1.0%	-0.5%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	10.53	11.93	12.69
Avg	10.05	10.98	11.91
Low	9.70	10.38	11.16

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	15.7%	18.7%	15.6%
Avg	10.5%	9.3%	8.4%
Low	6.6%	3.2%	1.6%

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.