Jefferies analyst Samad Samana raised the firm’s price target on ADP (ADP) to $305 from $290 and keeps a Hold rating on the shares. The company’s total revenue beat consensus as ADP saw healthy demand trends and retention as well as favorable timing in both Employer Services and PEO Services segments, the analyst tells investors in a research note. The results were solid and enough to buoy shares, the firm added.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADP:
- Morning Movers: Trump Media jumps after announcement of FinTech brand Truth.Fi
- ADP reports Q2 adjusted EPS $2.35, consensus $2.30
- ADP sees FY25 adjusted EPS growth 7%-9%
- Notable companies reporting before tomorrow’s open
- Is ADP a Buy, Before Earnings?