What Are Wall Street Analysts’ Target Price for Automatic Data Processing Stock?

Roseland, New Jersey-based Automatic Data Processing, Inc. (ADP) engages in the provision of cloud-based human capital management (HCM) solutions around the world. Valued at a market cap of $129.6 billion, the company operates through Employer Services and Professional Employer Organization (PEO) segments.

Shares of ADP have notably outpaced the broader market over the past 52 weeks. ADP has soared 27.7% over this time frame, while the broader S&P 500 Index ($SPX) has gained 12.5%. Moreover, shares of ADP are up 9.1% on a YTD basis, compared to SPX’s 1.3% surge.