$1000 Invested In Automatic Data Processing 20 Years Ago Would Be Worth This Much Today
Portfolio Pulse from Benzinga Insights
Over the past 20 years, Automatic Data Processing (NASDAQ:ADP) has produced an average annual return of 9.19%, outperforming the market. A $1000 investment in ADP 20 years ago would be worth $5,824.64 today. ADP's market capitalization currently stands at $101.72 billion.
March 25, 2024 | 7:30 pm
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POSITIVE IMPACT
Automatic Data Processing (ADP) has shown a strong performance over the past 20 years with a 9.19% average annual return, turning a $1000 investment into $5,824.64 today.
The significant growth of ADP's stock over the past 20 years, as highlighted by the transformation of a $1000 investment into $5,824.64, demonstrates the company's strong market performance and potential for future growth. This historical performance, coupled with ADP's substantial market capitalization, suggests a positive outlook for the stock, making it likely to attract investor interest and potentially drive up its price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100