TD Cowen Trims ADP Target to $208 Ahead of Q3, Maintains Hold [Yahoo! Finance]
Automatic Data Processing, Inc. (ADP)
Last automatic data processing, inc. earnings: 4/29 06:56 am
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Source: Yahoo! Finance
TD Cowen Trims ADP Target to $208 Ahead of Q3, Maintains Hold Photo by Dan Dennis on Unsplash On March 31, TD Cowen lowered its price recommendation on Automatic Data Processing, Inc. (NASDAQ:ADP) to $208 from $255. It reiterated a Hold rating on the stock. The firm said it had updated its model to reflect changes in Fed Funds rate expectations, foreign exchange, and its positioning ahead of Q3 results. A few days earlier, on March 27, Wells Fargo also reduced its price goal on ADP to $214 from $262 while keeping an Underweight rating. The firm pointed to compression in comparable group multiples as the reason for the adjustment. During the Q2 2026 earnings call, Chief Financial Officer Peter Hadley said the company was raising its fiscal 2026 consolidated revenue outlook to about 6% growth. He added that the adjusted EBIT margin expansion forecast remained unchanged at 50 to 70 basis points. He also said the company was increasing its adjusted EPS growth outlook to between 9
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News
- ADP National Employment Report: Private Sector Employment Increased by 62,000 Jobs in March; Annual Pay was Up 4.5% [TheStreet.com]TheStreet.com
- ADP National Employment Report: Private Sector Employment Increased by 62,000 Jobs in March; Annual Pay was Up 4.5%PR Newswire
- Wells Fargo Cuts Price Target on Automatic Data Processing (ADP), Flags Multiple Compression [Yahoo! Finance]Yahoo! Finance
- Automatic Data Processing (ADP) had its price target lowered by Wells Fargo & Company from $262.00 to $214.00. They now have an "underweight" rating on the stock.MarketBeat
- FlatironDragados JV secures $691m USACE contract for Howard Hanson Dam [Yahoo! Finance]Yahoo! Finance
ADP
Earnings
- 1/28/26 - Beat
ADP
Sec Filings
- 3/26/26 - Form SCHEDULE
- 3/17/26 - Form 4
- 3/16/26 - Form 144
- ADP's page on the SEC website