Automatic Data Processing, Inc. (ADP)
NASDAQ: ADP · IEX Real-Time Price · USD
241.99
-0.91 (-0.37%)
At close: Apr 18, 2024, 4:00 PM
241.95
-0.04 (-0.02%)
After-hours: Apr 18, 2024, 7:55 PM EDT
Automatic Data Processing Stock Forecast
Stock Price Forecast
The 13 analysts with 12-month price forecasts for ADP stock have an average target of 250.54, with a low estimate of 213 and a high estimate of 280. The average target predicts an increase of 3.53% from the current stock price of 241.99.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for ADP stock from 14 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 7 | 7 | 9 | 10 | 10 | 10 |
| Sell | 3 | 3 | 1 | 1 | 2 | 2 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 12 | 12 | 12 | 13 | 14 | 14 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Evercore ISI Group | Evercore ISI Group | Sell Maintains $227 → $235 | Sell | Maintains | $227 → $235 | -2.89% | Mar 26, 2024 |
| Mizuho | Mizuho | Strong Buy Maintains $265 → $272 | Strong Buy | Maintains | $265 → $272 | +12.40% | Mar 11, 2024 |
| RBC Capital | RBC Capital | Hold Reiterates $267 | Hold | Reiterates | $267 | +10.34% | Feb 1, 2024 |
| B of A Securities | B of A Securities | Sell → Hold Upgrades $217 → $243 | Sell → Hold | Upgrades | $217 → $243 | +0.42% | Jan 17, 2024 |
| Wolfe Research | Wolfe Research | Sell → Hold Upgrades n/a | Sell → Hold | Upgrades | n/a | n/a | Jan 4, 2024 |
Financial Forecast
Revenue This Year
19.34B
from 18.01B
Increased by 7.38%
Revenue Next Year
20.48B
from 19.34B
Increased by 5.87%
EPS This Year
9.22
from 8.21
Increased by 12.26%
EPS Next Year
10.10
from 9.22
Increased by 9.58%
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% | 11.7% | 13.2% | 8.0% | 9.8% |
| Avg | 7.4% | 5.9% | 6.0% | 3.9% | 5.6% |
| Low | 3.6% | 1.3% | -0.4% | 0.8% | 2.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 9.67 | 10.67 | 11.81 | 12.32 | 13.29 |
| Avg | 9.22 | 10.10 | 11.02 | 11.85 | 12.79 |
| Low | 8.87 | 9.60 | 10.45 | 11.50 | 12.41 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 17.8% | 15.7% | 17.0% | 11.7% | 12.2% |
| Avg | 12.3% | 9.6% | 9.1% | 7.5% | 7.9% |
| Low | 8.0% | 4.2% | 3.5% | 4.3% | 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.