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Analysts Offer Insights on Technology Companies: STMicroelectronics (STM) and Automatic Data Processing (ADP)

Tipranks - Fri Jan 30, 9:05AM CST

Analysts fell to the sidelines weighing in on STMicroelectronics (STMResearch Report) and Automatic Data Processing (ADPResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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STMicroelectronics (STM)

William Blair analyst Jed Dorsheimer maintained a Hold rating on STMicroelectronics today. The company’s shares closed last Thursday at $28.65.

According to TipRanks.com, Dorsheimer is a 5-star analyst with an average return of 28.4% and a 52.2% success rate. Dorsheimer covers the Technology sector, focusing on stocks such as SolarEdge Technologies, Axcelis Technologies, and Applied Materials. ;'>

Currently, the analyst consensus on STMicroelectronics is a Hold with an average price target of $30.75, which is an 8.7% upside from current levels. In a report issued on January 15, TD Cowen also maintained a Hold rating on the stock with a $32.00 price target.

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Automatic Data Processing (ADP)

UBS analyst Kevin Mcveigh maintained a Hold rating on Automatic Data Processing today and set a price target of $275.00. The company’s shares closed last Thursday at $248.22.

According to TipRanks.com, Mcveigh is a 4-star analyst with an average return of 4.6% and a 55.2% success rate. Mcveigh covers the Technology sector, focusing on stocks such as Clearwater Analytics Holdings, NIQ Global Intelligence PLC, and SS&C Technologies Holdings. ;'>

Currently, the analyst consensus on Automatic Data Processing is a Hold with an average price target of $279.67, representing a 12.0% upside. In a report released yesterday, TipRanks – Google also upgraded the stock to Hold with a $272.00 price target.

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