Mizuho Maintains Buy on Automatic Data Processing, Raises Price Target to $285
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Dan Dolev has maintained a 'Buy' rating on Automatic Data Processing (NASDAQ:ADP) and raised the price target from $255 to $285.
August 17, 2023 | 11:29 am
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POSITIVE IMPACT
Mizuho's maintained 'Buy' rating and increased price target for ADP could potentially boost investor confidence and positively impact the stock's short-term price.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. Mizuho's maintained 'Buy' rating indicates a positive outlook for ADP, and the raised price target suggests an expectation of future stock price growth. This could lead to increased investor interest and a potential short-term rise in ADP's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100