Automatic Data Processing, Inc. (ADP)
NASDAQ: ADP · IEX Real-Time Price · USD
246.97
-0.43 (-0.17%)
At close: Jul 19, 2024, 4:00 PM
246.89
-0.08 (-0.03%)
Pre-market: Jul 20, 2024, 9:29 AM EDT
Automatic Data Processing Stock Forecast
Stock Price Forecast
The 11 analysts with 12-month price forecasts for ADP stock have an average target of 254.73, with a low estimate of 235 and a high estimate of 282. The average target predicts an increase of 3.14% from the current stock price of 246.97.
Analyst Consensus: Hold
* Price targets were last updated on May 2, 2024.
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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 10 | 10 | 10 | 9 | 9 | 8 |
| Sell | 1 | 2 | 2 | 2 | 2 | 2 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 13 | 14 | 14 | 13 | 13 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| TD Cowen | TD Cowen | Hold Maintains $253 → $251 | Hold | Maintains | $253 → $251 | +1.63% | May 2, 2024 |
| JP Morgan | JP Morgan | Sell Maintains $254 → $250 | Sell | Maintains | $254 → $250 | +1.23% | May 2, 2024 |
| Barclays | Barclays | Buy Maintains $280 → $282 | Buy | Maintains | $280 → $282 | +14.18% | May 2, 2024 |
| Evercore ISI Group | Evercore ISI Group | Sell Maintains $227 → $235 | Sell | Maintains | $227 → $235 | -4.85% | Mar 26, 2024 |
| Mizuho | Mizuho | Strong Buy Maintains $265 → $272 | Strong Buy | Maintains | $265 → $272 | +10.13% | Mar 11, 2024 |
Financial Forecast
Revenue This Year
19.37B
from 18.01B
Increased by 7.54%
Revenue Next Year
20.46B
from 19.37B
Increased by 5.65%
EPS This Year
9.24
from 8.21
Increased by 12.60%
EPS Next Year
10.08
from 9.24
Increased by 9.07%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 20.2B | 21.6B | 23.2B | 23.4B | 24.7B | 26.1B |
| Avg | 19.4B | 20.5B | 21.6B | 22.5B | 23.8B | 25.1B |
| Low | 18.8B | 19.6B | 20.4B | 21.8B | 23.1B | 24.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 12.1% | 11.5% | 13.3% | 8.2% | 9.9% | 9.6% |
| Avg | 7.5% | 5.6% | 5.6% | 4.1% | 5.7% | 5.4% |
| Low | 4.1% | 1.1% | -0.3% | 1.0% | 2.6% | 2.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 9.70 | 10.71 | 11.64 | 12.16 | 13.15 | 14.09 |
| Avg | 9.24 | 10.08 | 10.95 | 11.70 | 12.65 | 13.55 |
| Low | 8.77 | 9.64 | 10.39 | 11.35 | 12.27 | 13.15 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 18.2% | 15.8% | 15.5% | 11.1% | 12.4% | 11.4% |
| Avg | 12.6% | 9.1% | 8.6% | 6.9% | 8.1% | 7.2% |
| Low | 6.8% | 4.3% | 3.0% | 3.7% | 4.9% | 4.0% |
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.