ADP Price Prediction Next Week
Analysis and Insights
Technical Analysis:
ADP's stock price is currently trading at $295.16 as of the latest close on March 21, 2025. The stock has shown a mixed trend recently, with a slight decline before the ex-dividend date. The Relative Strength Index (RSI) is at 39.98, indicating that the stock is not in an oversold territory but is approaching it. The MACD is currently negative (-2.96), suggesting bearish momentum in the short term.
Fibonacci Levels:
The Fibonacci levels for ADP indicate key resistance and support levels. The pivot point is at $298.05, with resistance levels at $305.74 and $310.49. The support levels are at $290.35 and $285.60.
News Sentiment and Fundamental Analysis:
ADP has shown strong performance, with a 27.2% gain over the past year. However, the stock is currently trading above its mean price target of $309.27, which may indicate that it is overvalued. The company has a strong market position in the human capital management space, with a market cap of $127.7 billion. Recent earnings reports have been positive, with revenue growth in key segments.
Event Impact:
The ex-dividend date on March 14, 2025, may have caused some selling pressure, as investors sold shares to realize the dividend. This could lead to a slight dip in the stock price in the short term.
Price Prediction:
Based on the technical indicators and Fibonacci levels, the stock is expected to face resistance at $305.74. If it breaks above this level, it could test the next resistance at $310.49. However, if it fails to break above $305.74, it may consolidate or dip towards the support level of $298.05.
Recommendation:
Given the current technical indicators and Fibonacci levels, it is recommended to sell ADP at the resistance level of $305.74, with a target price of $298.05. This strategy aims to capitalize on the potential pullback from the resistance level.
ADP Similar Chart Price Prediction
The price of ADP is predicted to go up 9.89%, based on the high correlation periods with BLD. The similarity of these two price pattern on the periods is 96.8%.
ADP
BLD
Up: 9.89%Similarity: 96.8%
ADP Revenue Forecast
ADP EPS Forecast
ADP FAQs
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ADP VS S&P500
ADP benefits from high client switching costs, a scale-based cost advantage, intangible brand assets, and a powerful referral network.
Despite facing fierce competitive pressures and undergoing forced platform migrations, ADP has retained high revenue retention and improved operating margins over the past decade.
ADP has a strong record of returning capital to shareholders through dividends and share repurchases.
ADP Analyst's Forecast
Samad Samana
Jefferies
Hold
2025-01-30
Price Target
$290 → $305
Downside
-1.29%
Jefferies analyst Samad Samana raised the firm's price target on ADP to $305 from $290 and keeps a Hold rating on the shares. The company's total revenue beat consensus as ADP saw healthy demand trends and retention as well as favorable timing in both Employer Services and PEO Services segments, the analyst tells investors in a research note. The results were solid and enough to buoy shares, the firm added.
Dan Dolev
Mizuho
Buy
2024-11-04
Price Target
$281 → $310
Upside
+6.6%
Ramsey El-Assal
Barclays
Buy
2024-11-04
Price Target
$310 → $325
Upside
+11.76%
