Guggenheim raised target for Automatic Data Processing stock to USD 340

Published on 10/27/2026 at 16:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due October 28, 2026. Automatic Data Processing stock costs EUR 263.55 on October 27 at 4:08 p.m. CET, 1.84 percent below Xetra close.

Guggenheim target update

Guggenheim raised its ADP target on October 23, 2026, and retained a Buy rating.
ADP is scheduled to report first-quarter fiscal 2027 results on October 28, 2026.
Automatic Data Processing stock costs EUR 263.55 at Lang & Schwarz on October 27, 2026, 1.84 percent below the Xetra close.

ADP, US0530151036, Illustration mit AI erstellt.

Guggenheim raised its price target for Automatic Data Processing from USD 300.00 to USD 340.00 and retained a Buy rating in a report dated October 23, 2026, as MarketScreener reported. Automatic Data Processing was trading at EUR 263.55 at Lang & Schwarz on October 27, 2026 at 4:08 p.m. CET, 1.84 percent below the Xetra close of October 26, 2026 at EUR 268.50.

What changed in the target?

The Guggenheim move is the clearest recent analyst action on ADP. The new USD 340.00 target is USD 40.00 above the previous USD 300.00 level, while the cited rating remained Buy. The report linked the higher target to increased longer-term revenue estimates and modestly higher margin expansion.

The broader view is less aggressive. MarketScreener listed a Hold consensus from 18 analysts and an average target of USD 290.40 on October 23, 2026. That average was below the Nasdaq closing price of USD 301.12 on October 26, 2026, putting the single-firm target revision in a more constructive position than the wider analyst average.

Results arrive October 28

ADP is scheduled to release first-quarter fiscal 2027 results before the Nasdaq open on October 28, 2026, according to ADP. The company also scheduled its earnings call for 8:30 a.m. ET that day, giving investors a near-term test for the assumptions behind the higher target.

In the latest reported quarter, revenue reached USD 5.47 billion, up 6.80 percent from the same quarter a year earlier, while the quarter also exceeded analysts' revenue and earnings-per-share expectations, according to Yahoo Finance on October 27, 2026. The next report therefore matters for both growth and the margin assumptions behind the analyst revision.

Price position and valuation

Automatic Data Processing's primary Nasdaq quote stood at USD 293.68 on October 27, 2026 at 11:21 a.m. ET, while its 52-week range was USD 188.16 to USD 309.40. The stock was 5.11 percent below that 52-week high on the same basis. Its market capitalization was USD 116.4 billion and its price-to-earnings ratio was 26.81.

The euro quote sits below the Xetra close, but the longer view remains positive: the Xetra listing was up 21.66 percent in 2026 through October 27, 2026. ADP provides payroll, human resources and workforce-management services, and its scale includes more than 1.1 million clients across more than 140 countries.

ADP stock after the target update

For investors, the key comparison is between Guggenheim's USD 340.00 target and the broader USD 290.40 consensus, while the October 28 results may clarify whether the higher long-term assumptions are translating into current growth.

Automatic Data Processing stock was trading at EUR 263.55 at Lang & Schwarz on October 27, 2026 at 4:08 p.m. CET, 1.84 percent below the Xetra close of October 26, 2026 at EUR 268.50. The further course of trading is shown by the continuously updated real-time quote of Automatic Data Processing stock.