ADP’s Price Target Raised at Mizuho Securities 
<p>Mizuho Securities' analysts lifted their price target for <a href='https://financialmodelingprep.com/financial-summary/ADP'>ADP (NASDAQ:ADP)</a> to $285.00 from the previous $255.00. Despite maintaining a Buy rating, the analysts highlighted ADP's progress in narrowing the gap in organic growth compared to disruptive peers in the Human Capital Management (HCM) sector. </p>
<p>While these disruptive players still outpace ADP in growth, the difference in their organic growth rates has reached its lowest point in years, indicating enhanced execution on ADP's part.</p>
<p>In terms of valuation, the analysts noted that ADP currently trades below its historical median price-to-earnings (P/E) ratio discount in comparison to similar companies in the business and information services field. However, analysts believe that ADP should command a smaller discount given its improved organic growth performance.</p>

NASDAQ:ADP