ADP Maintained by Guggenheim -- Price Target Raised to $340

gurufocus.com · 2026-10-23

On October 10, 2023, Guggenheim analyst Jacob Smith maintained a "Buy" rating on Automatic Data Processing Inc (ADP). The price target has been increased from $

TickrTrends take: Guggenheim's price target increase to $340 occurs within a context where TickrTrends currently assesses ADP as undervalued, suggesting the analyst's confidence aligns with technical valuation indicators in the Technology sector. For investors focused on valuation metrics, the maintained rating paired with a higher price target may warrant attention to whether ADP's fundamentals support closing any gap between current market pricing and analyst expectations. The combination of analyst support and undervaluation signals provides a data point worth monitoring as the company reports upcoming financial results.

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