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TD Cowen Trims ADP Target to $208 Ahead of Q3, Maintains Hold [Yahoo! Finance]

Automatic Data Processing, Inc. (ADP)  More Company Research Source: Yahoo! Finance
Last automatic data processing, inc. earnings: 4/29 06:56 am Check Earnings Report
US:NASDAQ Investor Relations: investors.adp.com
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 [Read more]
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Stockreport

TD Cowen Trims ADP Target to $208 Ahead of Q3, Maintains Hold [Yahoo! Finance]

Automatic Data Processing, Inc.  (ADP) 
More Company Research Source: Yahoo! Finance
Last automatic data processing, inc. earnings: 4/29 06:56 am Check Earnings Report
US:NASDAQ Investor Relations: investors.adp.com
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 [Read more]
IMPACT SNAPSHOT
EVENT TIME:
ADP
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS