Stifel Adjusts Automatic Data Processing (ADP) Price Target, Keeps Neutral Stance

NodeGuardian · 2026-02-27T05:43:05+00:00

Stifel analyst David Grossman has reduced Automatic Data Processing's (ADP) price target to $270, maintaining a "Hold" rating. He noted ADP's stable business model and growth, despite a 17% premium to the S&P 500, following solid fiscal Q2 results.

NodeGuardian

2026-02-27 05:43:05

Abstract generation in progress

Stifel analyst David Grossman has lowered the price target for Automatic Data Processing (NASDAQ: ADP) to $270 from $280 while maintaining a “Hold” rating. Grossman cited the stock’s 17% premium to the S&P 500 but highlighted ADP’s stable business model and consistent growth as offering a compelling risk/reward. This adjustment follows ADP’s solid fiscal Q2 2026 results, which saw revenue increase by 6% and adjusted EPS rise by 11%, driven by strength in international markets, US enterprise clients, and the integration of WorkForce Software.

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