What 5 Analyst Ratings Have To Say About Automatic Data Processing
Portfolio Pulse from Benzinga Insights
Automatic Data Processing (NASDAQ:ADP) has received 4 indifferent and 1 somewhat bearish analyst ratings in the last quarter, with an average price target of $225.8, implying an upside from the current price of $211.81. The average price target has decreased by 7.55% from the previous average of $244.25.
June 02, 2023 | 1:01 pm
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NEUTRAL IMPACT
ADP has received mostly indifferent analyst ratings in the last quarter, with an average price target of $225.8, implying an upside from the current price of $211.81.
The majority of the analyst ratings for ADP are indifferent, with only one somewhat bearish rating. This indicates that analysts do not have a strong conviction on the stock's direction in the short term. The average price target of $225.8 implies an upside, but the decrease in the average price target from the previous average of $244.25 suggests that analysts have become less optimistic about the stock's potential. Therefore, the short-term impact on ADP's stock price is neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100