macro

Morgan Stanley lifts ADP price target to $288 and keeps Equal-Weight

Morgan Stanley kept its Equal-Weight rating on Automatic Data Processing and raised its price target to $288 from $286. Source: TradingView.

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what happened

Morgan Stanley kept its Equal-Weight rating on Automatic Data Processing (ADP) and raised its price target to $288 from $286, a gain of 0.7%, according to TradingView. The new target is roughly in line with the October 28 close of $285.37.

The same TradingView listing shows recent notes from other brokers over the past 30 days: Guggenheim reiterated a Buy rating with a $340 target, Stifel maintained Hold at $305, and Jefferies kept Underperform at $250. Price targets across the three notes range from $250 to $340.

why it matters

For the market this is a routine update: the rating did not change, and the small target adjustment tracks the current share price. The wide spread of targets shows that analysts do not agree on the company's outlook.

tags

instruments

ADP

sources

  1. Morgan Stanley maintains Automatic Data Processing at Equal-Weight, raises price target to $288 from $286 — TradingView, 29 October 2026 at 17:26 UTC

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