Automatic Data Processing (ADP) Stock Forecast & Price Target

$267.85

+3.31 (+1.25%)

(As of 08/21/2024 ET)

Automatic Data Processing - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 12 Analyst Ratings

Based on 12 Wall Street analysts who have issued ratings for Automatic Data Processing in the last 12 months, the stock has a consensus rating of "Hold." Out of the 12 analysts, 2 have given a sell rating, 8 have given a hold rating, and 2 have given a buy rating for ADP.

Consensus Price Target

$265.36
-0.93% Downside

High Forecast	$310.00
Average Forecast	$265.36
Low Forecast	$235.00

According to the 12 analysts' twelve-month price targets for Automatic Data Processing, the average price target is $265.36. The highest price target for ADP is $310.00, while the lowest price target for ADP is $235.00. The average price target represents a forecasted downside of -0.93% from the current price of $267.85.

Type	Current Forecast 8/23/23 to 8/22/24	1 Month Ago 7/24/23 to 7/23/24	3 Months Ago 5/25/23 to 5/24/24	1 Year Ago 8/23/22 to 8/23/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)
Hold	8 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)	2 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$265.36	$255.42	$255.42	$248.23
Forecasted Upside	-0.93% Downside	7.25% Upside	7.25% Upside	5.34% Upside

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ADP Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ADP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Automatic Data Processing Stock vs. The Competition

Type	Automatic Data Processing	Business Services Companies	S&P 500
Consensus Rating Score	2.00	2.66	2.51
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	-0.93% Downside	321.67% Upside	8.74% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
8/20/2024	JPMorgan Chase & Co. 3 of 5 stars	Boost Target	Underweight ➝ Underweight	$250.00 ➝ $285.00	+7.63%
8/5/2024	Barclays 3 of 5 stars	Boost Target	Overweight ➝ Overweight	$282.00 ➝ $310.00	+20.09%
8/1/2024	Bank of America 4 of 5 stars	Boost Target	Neutral ➝ Neutral	$250.00 ➝ $267.00	+2.54%
8/1/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Sector Perform ➝ Sector Perform	$267.00 ➝ $267.00	+3.00%
8/1/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold ➝ Hold	$271.00 ➝ $287.00	+9.39%
8/1/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold ➝ Hold	$250.00 ➝ $260.00	-1.00%
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5/2/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Hold ➝ Hold	$253.00 ➝ $251.00	+3.46%
3/26/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Underperform ➝ Underperform	$227.00 ➝ $235.00	-4.08%
3/11/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	$265.00 ➝ $272.00	+12.21%
1/4/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underperform ➝ Peer Perform
11/7/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$235.00	+6.56%
10/26/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$260.00 ➝ $250.00	+12.44%
7/27/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$235.00 ➝ $270.00	+6.53%
4/27/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Maintains
4/27/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$234.00 ➝ $213.00	+1.39%
3/31/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$260.00 ➝ $235.00	+7.07%
10/27/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$237.00	+0.98%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 08:12 AM ET.

ADP Forecast - Frequently Asked Questions

What is Automatic Data Processing's forecast for 2024?: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Automatic Data Processing is $265.36, with a high forecast of $310.00 and a low forecast of $235.00.
Should I buy or sell Automatic Data Processing stock right now?: 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Automatic Data Processing in the last year. There are currently 2 sell ratings, 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ADP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ADP, but not buy additional shares or sell existing shares.
Does Automatic Data Processing's stock price have much upside?: According to analysts, Automatic Data Processing's stock has a predicted upside of 6.52% based on their 12-month stock forecasts.
What analysts cover Automatic Data Processing?: Automatic Data Processing has been rated by research analysts at Bank of America, Barclays, Jefferies Financial Group, JPMorgan Chase & Co., Royal Bank of Canada, and Stifel Nicolaus in the past 90 days.
Do Wall Street analysts like Automatic Data Processing more than its competitors?: Analysts like Automatic Data Processing less than other "business services" companies. The consensus rating for Automatic Data Processing is Hold while the average consensus rating for "business services" companies is Moderate Buy. Learn more on how ADP compares to other companies.