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Automatic Data Processing, Inc. (NASDAQ:ADP) is included among the 15 Best Dividend Growth Stocks to Buy Now.
On October 30, JPMorgan lowered its price target on Automatic Data Processing, Inc. (NASDAQ:ADP) to $295 from $340 while maintaining an Underweight rating on the shares, according to a report by The Fly. The firm made minimal adjustments to its estimates following the company’s fiscal Q1 results.
In its first-quarter report for fiscal 2026, Automatic Data Processing, Inc. (NASDAQ:ADP) posted strong results, with revenue reaching $5.2 billion, reflecting a 7.09% increase from the same period last year. Net earnings rose 6% to $1.0 billion, supported by robust new business bookings, strong client revenue retention, and higher client funds interest revenue, all of which contributed to results exceeding expectations.
It is also a solid dividend company. Over the past decade, Automatic Data Processing, Inc. (NASDAQ:ADP) has returned approximately $30 billion to shareholders through dividends and share repurchases, nearly tripling its dividend in that time. ADP has also earned its place among the select group of Dividend Kings, with a remarkable 50-year streak of consecutive dividend increases.
Automatic Data Processing, Inc. (NASDAQ:ADP) is a global leader in human resources and payroll services, providing business solutions to more than 1.1 million clients across corporations, governments, and small businesses worldwide.
While we acknowledge the potential of ADP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 13 Best Consistent Dividend Stocks to Buy Now and 15 Best DRIP Stocks to Own Right Now.
Disclosure: None.
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