6 Analysts Have This to Say About Automatic Data Processing
Portfolio Pulse from Benzinga Insights
Over the last quarter, Automatic Data Processing (NASDAQ:ADP) received mixed ratings from analysts, with 1 bullish, 1 somewhat bullish, and 4 indifferent ratings. The average 12-month price target among 6 analysts is $256.17, which is a 7.41% decrease from the previous target of $276.67. The high estimate is $280.00 and the low is $235.00. Analyst ratings are opinions based on financial analysis and are updated periodically, reflecting the performance of stocks and sectors.
November 30, 2023 | 9:00 pm
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Automatic Data Processing (ADP) has received mixed analyst ratings with an average 12-month price target of $256.17, indicating a potential downside based on the current target compared to the previous one.
The average price target for ADP has been revised downwards, which typically suggests that analysts see less upside potential in the stock, possibly due to a variety of factors such as market conditions or company performance. This could lead to a negative short-term impact on the stock price as investors adjust their expectations.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100