Automatic Data Processing Stock Forecast NASDAQ:ADP

Price Target and Analyst Ratings

Most Recent Rating

On August 17, 2021 "JPMorgan Chase & Co." gave "$224.00" rating for ADP. The price target was set to $216.56+0.6%.

Last 30 Days

Historical Ratings

Date	Rating	Action	Authority	Current Price	Target Price
2021-08-17	$224.00	Downgraded by	JPMorgan Chase & Co.	$214.80	$216.56+0.6%
2021-08-16	$215.00	Downgraded by	Credit Suisse Group	$216.56	$215.17+0.1%
2021-08-10		Downgraded by	Citigroup	$216.72	$216.72+1.4%
2021-08-02	$220.00 - $230.00	Target Raised by	Mizuho	$209.45	$209.63+0.4%
2021-08-02	$212.00 - $227.00	Target Raised by	Barclays	$209.45	$209.63+0.4%
2021-07-29	$185.00 - $200.00	Target Raised by	Morgan Stanley	$208.83	$206.88→0.5%
2021-07-29	$192.00 - $210.00	Target Raised by	Deutsche Bank Aktiengesellschaft	$208.83	$206.88→0.5%
2021-07-28	$200.00 - $215.00	Target Raised by	Jefferies Financial Group	$206.88	$206.88→0.5%
2021-05-27	Buy	Target Raised by	Mizuho	$197.24	$210.00 → $220.00
2021-05-10	Buy	Target Raised by	Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell	$194.40	$190.00 → $212.00
2021-05-05	Equal Weight	Target Raised by	Morgan Stanley	$193.66	$171.00 → $185.00
2021-05-03	Buy	Target Raised by	Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell	$191.46	$190.00 → $212.00
2021-05-03	Overweight	Target Raised by	Barclays	$191.46	$197.00 → $212.00
2021-05-03		Target Raised by	Citigroup	$191.46	$190.00 → $212.00
2021-04-29	Equal Weight	Target Raised by	Morgan Stanley	$188.40	$171.00 → $185.00
2021-03-24	Hold	Target Raised by	Jefferies Financial Group	$185.27	$197.00 → $200.00
2021-02-10	Buy	Initiated by	Mizuho	$166.94
2021-02-01	Overweight	Target Raised by	Barclays	$166.35	$180.00 → $197.00
2021-01-29	Neutral - Buy	Upgraded by	Citigroup	$165.12	$180.00 → $190.00
2021-01-28	Hold	Target Raised by	Deutsche Bank Aktiengesellschaft	$166.75	$150.00 → $173.00
2021-01-28	Equal Weight	Target Raised by	Morgan Stanley	$166.75	$159.00 → $171.00
2021-01-28	Overweight	Target Raised by	Wells Fargo & Company	$166.75	$200.00 → $205.00
2021-01-12	Outperform - Underperform	Downgraded by	Evercore ISI	$169.06
2020-12-18	Overweight	Initiated by	Wells Fargo & Company	$179.24	$200.00
2020-11-09	Outperform	Target Raised by	Credit Suisse Group	$169.89	$185.00 → $190.00
2020-11-02	Overweight	Target Raised by	Barclays	$161.46	$145.00 → $180.00
2020-10-29	Positive - Market Perform	Target Raised by	BMO Capital Markets	$158.19	$149.00 → $165.00
2020-10-29	Equal Weight	Target Raised by	Morgan Stanley	$158.19	$147.00 → $159.00
2020-10-28	Hold	Target Raised by	Jefferies Financial Group	$155.08	$135.00 → $168.00
2020-09-21	Outperform - Market Perform	Downgraded by	Cowen	$131.03	$150.00 → $143.00
2020-08-17	Neutral	Target Raised by	JPMorgan Chase & Co.	$139.66	$138.00 → $151.00
2020-07-30	Hold	Target Lowered by	Stifel Nicolaus	$132.89	$155.00 → $142.00
2020-07-30	Neutral	Target Lowered by	Citigroup	$132.89	$148.00 → $144.00
2020-07-30	Market Perform - Underperform	Downgraded by	Wolfe Research	$132.89
2020-07-14	Sell	Initiated by	Goldman Sachs Group	$145.48	$146.00
2020-06-23		Target Lowered by	Citigroup	$150.52	$185.00 → $140.00
2020-05-18	Neutral - Underperform	Downgraded by	Bank of America	$136.40
2020-04-30	Market Perform	Target Lowered by	BMO Capital Markets	$146.69	$179.00 → $154.00
2020-04-30	Hold	Target Raised by	Stifel Nicolaus	$146.69	$150.00 → $155.00
2020-04-30	Equal Weight	Target Raised by	Morgan Stanley	$146.69	$140.00 → $147.00
2020-04-29	Hold	Target Lowered by	Cfra	$145.84	$176.00 → $161.00
2020-04-24	Outperform	Target Lowered by	Cowen	$139.23	$195.00 → $158.00
2020-04-15	Neutral	Target Lowered by	JPMorgan Chase & Co.	$137.64	$189.00 → $159.00
2020-04-14	Neutral	Target Lowered by	Citigroup	$143.87	$185.00 → $140.00

ADP Stock Trend

Given the current short-term trend, the stock is expected to rise 4.45% during the next 3 months and, with a 90% probability hold a price between $207.23 and $230.41 at the end of this 3-month period.

WARNING: Trend forecast is still in the development phase and should be used with caution. Some cases might produce unexpected results such as negative prices at the end of the trend.

Data

Date	Bottom	Mid	Top
2021-09-20	$198.55	$209.65	$220.75
2021-09-21	$198.70	$209.80	$220.90
2021-09-22	$198.85	$209.95	$221.04
2021-09-23	$199.00	$210.10	$221.19
2021-09-24	$199.15	$210.24	$221.34
2021-09-27	$199.29	$210.39	$221.49
2021-09-28	$199.44	$210.54	$221.64
2021-09-29	$199.59	$210.69	$221.79
2021-09-30	$199.74	$210.84	$221.94
2021-10-01	$199.89	$210.99	$222.09
2021-10-04	$200.04	$211.14	$222.24
2021-10-05	$200.19	$211.29	$222.39
2021-10-06	$200.34	$211.44	$222.54
2021-10-07	$200.49	$211.59	$222.69
2021-10-08	$200.64	$211.74	$222.83
2021-10-11	$200.79	$211.88	$222.98
2021-10-12	$200.94	$212.03	$223.13
2021-10-13	$201.08	$212.18	$223.28
2021-10-14	$201.23	$212.33	$223.43
2021-10-15	$201.38	$212.48	$223.58
2021-10-18	$201.53	$212.63	$223.73
2021-10-19	$201.68	$212.78	$223.88
2021-10-20	$201.83	$212.93	$224.03
2021-10-21	$201.98	$213.08	$224.18
2021-10-22	$202.13	$213.23	$224.33
2021-10-25	$202.28	$213.38	$224.47
2021-10-26	$202.43	$213.53	$224.62
2021-10-27	$202.58	$213.67	$224.77
2021-10-28	$202.72	$213.82	$224.92
2021-10-29	$202.87	$213.97	$225.07

About Automatic Data Processing

Automatic Data Processing, Inc., together with its subsidiaries, provides business process outsourcing services worldwide. The company operates through two segments, Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers a range of business outsourcing and technology-enabled human capital management (HCM) solutions, including payroll services, benefits administration services, talent manageme... Read more

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