TD Cowen lowered the firm’s price target on ADP (ADP) to $317 from $318 and keeps a Hold rating on the shares. The firm said it was a healthy Q4 report and no surprises on FY26 guides. Light FY25 ES bookings was among only negatives, but ADP conveyed clear drivers that lead it to expect reacceleration despite macro volatility.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADP:
- Hold Rating on ADP Amid Strong Results and Booking Challenges
- ADP Reports Strong Fiscal 2025 Results and Positive 2026 Outlook
- ADP’s Earnings Call Highlights Strong 2025 and Optimistic 2026
- Hold Rating for ADP Amid Strong Performance and Macroeconomic Uncertainties
- ADP price target raised to $315 from $305 at Jefferies