What Analysts Are Saying About Automatic Data Processing Stock
Portfolio Pulse from Benzinga Insights
Automatic Data Processing (NASDAQ:ADP) received indifferent ratings from 4 analysts in the latest quarter, with no change in sentiment over the last 30 days. The 12-month price targets show an average of $248.75, marking a 14.63% increase from the previous $217.00 average. Analysts from RBC Capital, B of A Securities, Stifel, and UBS provided insights, with price targets ranging from $235.00 to $267.00. ADP's financial performance is strong, with a revenue growth rate of 5.79%, a net margin of 19.94%, an ROE of 24.62%, and an ROA of 1.71%, indicating efficient cost management and financial health.
February 01, 2024 | 5:00 pm
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POSITIVE IMPACT
ADP's stock may see a positive short-term impact due to the upward revision of the 12-month price target and strong financial performance indicators such as revenue growth and net margin.
The increase in the average price target by analysts suggests a bullish outlook on ADP's stock. Additionally, the company's strong financial performance, including higher revenue growth and net margin compared to industry averages, supports a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100