WallStSmart
ADP

Automatic Data Processing Inc

NASDAQ: ADP · TECHNOLOGY · SOFTWARE - APPLICATION

$211.94
-1.45% today

Updated 2026-04-30

Market cap
$84.90B
P/E ratio
19.79
P/S ratio
4.00x
EPS (TTM)
$10.71
Dividend yield
—
52W range
$188 – $322
Volume
3.7M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Automatic Data Processing Inc (ADP) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$211.94
Consensus
$286.00
+34.94%
2030 Target
$817.36
+285.66%
DCF
$190.97
-10.98% MoS
14 analysts:
2 Buy8 Hold4 Sell

Management guidance

ADP's CFO Peter Hadley increased fiscal 2026 consolidated revenue outlook to 6% growth (from prior guidance) and adjusted EPS growth forecast of 9-10%. The company raised Employer Services revenue growth outlook. These targets suggest revenue reaching approximately $21.8B-$22.0B in FY2026 (ending June 30, 2026).

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$1,369.08
$27.1B Rev × 20x P/S
Base case (2030)
$817.36
$27.1B Rev × 12x P/S
Bear case (2030)
$551.72
$27.1B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$18.0B$19.2B$20.6B$22.0B$23.3B$24.5B$25.8B$27.1B
Revenue growth—6.6%7.1%6.0%5.7%5.4%5.1%5.0%
EPS—$9.18$5.11$11.08$12.08$13.05$14.08$15.20
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$653.89$694.76$735.62$776.49$817.36

Catalysts & risks

Growth catalysts
+ AI-powered HCM and payroll automation expansion in core Employer Services segment
+ International HCM and Human Resources Outsourcing (HRO) market penetration in EMEA and Asia-Pacific
+ Digital transformation in workforce management driving higher-margin recurring revenue and SaaS adoption
Key risks
- Revenue growth deceleration from current 6-7% CAGR as market matures; analyst consensus shows only 5.7% growth for FY2027
- Gross margin compression from increased AI development costs and competitive pricing pressure in HCM market
- Macro slowdown reducing hiring activity, directly impacting Employer Services and PEO revenue (the largest segments)

Methodology

Automatic Data Processing Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 14 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.