ADP beats second quarter revenue estimates on strong demand for payroll services

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ADP (ADP) PT Raised to $305 at Jefferies

January 29, 2025 4:28 PM EST

Jefferies analyst Samad Samana raised the price target on ADP (NASDAQ: ADP) to $305.00 (from $290.00) while maintaining a Hold rating.

The analyst comments "Total rev beat consensus by ~2%, as ADP saw healthy demand trends and retention, as well as favorable timing... More