Morgan Stanley raised the firm’s price target on ADP (ADP) to $310 from $305 and keeps an Equal Weight rating on the shares, telling investors that it came away from ADP’s Investor Day “encouraged” by the agentic AI focus, the potential of the Fiserv partnership, and better-than-expected float dynamics. Medium-term targets call for 6%-7% year-over-year revenue growth and 9%-11% year-over-year adjusted EPS growth, the analyst noted.
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Read More on ADP:
- ADP price target lowered to $315 from $323 at UBS
- ADP’s Balanced Outlook Amid Innovation and Macroeconomic Uncertainty Warrants Hold Rating
- Automatic Data Processing to Host 2025 Investor Day
- ADP price target raised to $321 from $298 at TD Cowen
- Hold Rating on Automatic Data Processing Amid Revised Revenue and EPS Projections
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