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Automatic Data Processing (ADP) Receives a Hold from Wells Fargo

Tipranks - Tipranks - Tue Jun 23, 6:10AM CDT

In a report released today, Jason Kupferberg from Wells Fargo maintained a Hold rating on Automatic Data Processing, with a price target of $214.00.

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According to TipRanks, Kupferberg is an analyst with an average return of -8.8% and a 42.30% success rate. Kupferberg covers the Technology sector, focusing on stocks such as Globant SA, Toast Inc, and Automatic Data Processing.

The word on The Street in general, suggests a Hold analyst consensus rating for Automatic Data Processing with a $243.64 average price target.

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Based on Automatic Data Processing’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $5.94 billion and a net profit of $1.36 billion. In comparison, last year the company earned a revenue of $5.55 billion and had a net profit of $1.25 billion

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