ADP trades 0.7% above Wall Street's consensus target of $267.67.
Last 12 months price action with 12-month analyst target path
The base valuation assumes ADP achieves its forward estimates and maintains a stable P/E multiple of 24.4x. This scenario reflects the blended consensus of 36 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of September 23, 2026, Automatic Data Processing, Inc. (ADP) has a Wall Street consensus price target of $267.67, based on estimates from 36 covering analysts. With the stock currently trading at $269.64, this represents a potential downside of -0.7%. The company has a market capitalization of $107.78B.
Analyst price targets range from a low of $225.00 to a high of $310.00, representing a 32% spread in expectations. The median target of $270.00 aligns closely with the consensus average.
The current analyst consensus rating is Hold, with 8 analysts rating the stock as a Buy or Strong Buy,23 rating it Hold, and 5 rating it Sell or Strong Sell. The bearish sentiment suggests caution about the stock at current levels.
From a valuation perspective, ADP trades at a trailing P/E of 24.6x and forward P/E of 24.4x. The forward PEG ratio of 1.94 indicates reasonable valuation for growth. Analysts expect EPS to grow +0.2% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $268.22, with bear and bull scenarios of $168.98 and $353.41 respectively. Model confidence stands at 65/100, reflecting moderate uncertainty in projections.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 PAYXPaychex, Inc. | $40.7B | $114.53 | $110.40 | -3.6% | Hold | 20.8x | 30 |
 GGenpact Limited | $5.7B | $33.89 | $38.33 | +13.1% | Hold | 8.2x | 40 |
 PAYCPaycom Software, Inc. | $12.3B | $224.61 | $201.18 | -10.4% | Hold | 18.6x | 36 |
 PCTYPaylocity Holding Corporation | $7.8B | $145.71 | $157.33 | +8.0% | Buy | 18.0x | 41 |
 WEXWEX Inc. | $6.2B | $181.23 | $190.57 | +5.2% | Hold | 9.0x | 32 |
 HUBSHubSpot, Inc. | $11.2B | $217.88 | $243.18 | +11.6% | Buy | 16.4x | 47 |
 INTUIntuit Inc. | $80.0B | $292.35 | $379.68 | +29.9% | Buy | 12.3x | 45 |
 TNETTriNet Group, Inc. | $3.1B | $66.71 | $85.00 | +27.4% | Hold | 13.7x | 15 |
 INSWInternational Seaways, Inc. | $5.1B | $103.95 | $112.33 | +8.1% | Buy | 6.5x | 13 |
 NSPInsperity, Inc. | $1.9B | $50.26 | $56.33 | +12.1% | Hold | 23.8x | 8 |
Quick answers to the most common questions about buying ADP stock.
Wall Street's consensus price target for ADP is $267.67, -0.7% from its current price of $269.64. The below-market target from 36 analysts suggests limited near-term appreciation.
ADP has a consensus rating of "Hold" based on 36 Wall Street analysts. The rating breakdown is mixed, with 23 Hold ratings making up the largest segment. The consensus 12-month price target of $267.67 implies -0.7% downside from current levels.
ADP trades at a forward P/E of 24.3507x, representing a moderate valuation. With analysts targeting $267.67 (-0.7% implied move), the stock appears close to fair value.
The most bullish Wall Street analyst has a price target of $310 for ADP, while the most conservative target is $225. The consensus of $267.67 represents the median expectation. Our quantitative valuation model projects a bull case target of $353 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
ADP is heavily covered by Wall Street, with 36 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 8 have Buy ratings, 23 recommend Hold, and 5 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month ADP stock forecast based on 36 Wall Street analysts shows a consensus price target of $267.67, with estimates ranging from $225 (bear case) to $310 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $268, with bear/bull scenarios of $169/$353.
Our quantitative valuation model calculates ADP's fair value at $268 (base case), with a bear case of $169 and bull case of $353. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 65/100.
ADP trades at a forward P/E ratio of 24.4x based on next-twelve-months earnings estimates compared to a trailing P/E of 24.6x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Analysts are cautious on ADP, with 5 Sell ratings and a price target of $267.67 (-0.7% from current price). The "Hold" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
ADP analyst price targets range from $225 to $310, a 32% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $267.67 consensus represents the middle ground. Our model's $169-$353 range provides an independent fundamental perspective.
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