What Analysts Are Saying About Automatic Data Processing Stock
Portfolio Pulse from Benzinga Insights
Automatic Data Processing (NASDAQ:ADP) has received mixed reviews from analysts, with a recent shift towards a more bearish stance in the last 30 days. The average 12-month price target for ADP has been raised to $254.25, indicating a 7.58% increase from the previous target. Analysts from firms like Evercore ISI Group, Mizuho, RBC Capital, and B of A Securities have updated their ratings and price targets, reflecting various perspectives on ADP's market performance. ADP's financial indicators such as market capitalization, revenue growth, net margin, ROE, ROA, and debt management are highlighted, showcasing the company's strong market position and financial health.
March 26, 2024 | 6:01 pm
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Automatic Data Processing has seen a mix of analyst ratings with a recent bearish shift, but the average 12-month price target has increased, reflecting a positive outlook on the stock's future performance. The company's strong financial indicators suggest a robust market position and financial health.
The increase in the average 12-month price target for ADP, despite mixed analyst ratings, suggests a positive outlook on the stock's future performance. The company's strong financial indicators, including revenue growth, net margin, ROE, ROA, and effective debt management, further support this view. The recent bearish shift in analyst ratings may create short-term volatility, but the overall strong financial health of ADP indicates potential for growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100