ADP Price Prediction Next Week
Technical Analysis: ADP's stock shows a bullish trend with strong momentum, currently trading at $311.11. The stock has formed higher lows and higher highs over the past week, with increasing volume supporting the upward movement.
News Sentiment & Fundamental Factors:
- Recent Q2 earnings exceeded expectations with $963.2 million profit
- Company reaffirmed fiscal 2025 outlook with 6-7% revenue growth projection
- Barclays raised price target to $350, maintaining Overweight rating
- Strong dividend growth history with recent 2% yield mark
Analyst Consensus:
- Mean price target: $309.27
- Street-high target: $350 (13.6% upside potential)
- Current consensus: "Hold" rating based on 18 analysts
Price Prediction for Next Week: Based on technical indicators and positive sentiment:
Target Prices:
- Support: $308
- Resistance: $315
- Expected trading range: $308-$315
Primary price target: $313.50
Trading Recommendation: BUY Entry point: Current price ($311.11) Stop loss: $308 Take profit: $315
Rationale:
- Strong technical momentum
- Positive analyst revisions
- Solid fundamental backdrop with confirmed growth outlook
- Multiple price target upgrades from major firms
ADP Similar Chart Price Prediction
The price of ADP is predicted to go up -2.65%, based on the high correlation periods with ES. The similarity of these two price pattern on the periods is 98.35%.
ADP
ES
Down: -2.65%Similarity: 98.35%
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%
