Assessing Automatic Data Processing: Insights From 5 Financial Analysts
Portfolio Pulse from Benzinga Insights
Automatic Data Processing (NASDAQ:ADP) has been analyzed by 5 analysts, showing a consensus of indifference with 3 indifferent ratings. The 12-month price target averages $254.00, down from the previous $276.67. Analysts from Stifel, UBS, Mizuho, Morgan Stanley, and Barclays have maintained or lowered their price targets, with the highest being $280.00 and the lowest $235.00. ADP's financials show strong market presence, revenue growth, profitability, and effective utilization of equity and assets, with a low debt-to-equity ratio.
January 04, 2024 | 1:00 pm
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Analysts have a consensus of indifference towards ADP with a lowered average price target of $254.00. The company's strong financials may counterbalance the negative sentiment from lowered targets.
The lowered price targets suggest a bearish outlook, but ADP's strong financial performance, including revenue growth and high profitability, could mitigate short-term negative impact. The consensus of indifference and the absence of new bearish ratings in the last 30 days indicate a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100