Reported 2 days ago
Jefferies has maintained a Hold rating on Automatic Data Processing, Inc. (ADP) with a price target of $315, suggesting an 11% upside potential. As ADP prepares to release its first-quarter fiscal 2025 earnings on October 29, the firm expects it to meet revenue and EPS expectations while noting that current estimates reflect past weaknesses in the Employer Services segment. Despite concerns over stock performance, ADP's Professional Employer Organization segment is expected to positively impact results.
Source: YAHOO