ADP stock fell 0.5% amid broader market declines following the Trump administration's announcement of new global tariffs under the Trade Act of 1974. The tariff announcement created trade policy uncertainty after the Supreme Court had ruled the previous week that the president could not use the International Emergency Economic Powers Act for such duties. Additionally, ADP hit a new 52-week low of $208.43, representing a decline of over 33% in the past year. Multiple analysts reduced their price targets on the stock in recent weeks, including Stifel Nicolaus lowering its target from $280 to $270, Citigroup reducing it from $303 to $265, and JPMorgan Chase dropping it from $295 to $275. Wells Fargo maintained a Sell rating with a $262 price target. Despite strong fiscal Q2 2026 earnings that surpassed analyst expectations, the stock continues to face market headwinds.
Read full analysisADP stock fell 0.5% amid broader market declines following the Trump administration's announcement of new global tariffs under the Trade Act of 1974. The tariff announcement created trade policy uncertainty after the Supreme Court had ruled the previous week that the president could not use the International Emergency Economic Powers Act for such duties. Additionally, ADP hit a new 52-week low of $208.43, representing a decline of over 33% in the past year. Multiple analysts reduced their price targets on the stock in recent weeks, including Stifel Nicolaus lowering its target from $280 to $270, Citigroup reducing it from $303 to $265, and JPMorgan Chase dropping it from $295 to $275. Wells Fargo maintained a Sell rating with a $262 price target. Despite strong fiscal Q2 2026 earnings that surpassed analyst expectations, the stock continues to face market headwinds.
Automatic Data Processing is one of the largest payroll and human capital management providers globally, serving over 1 million clients with HR software, tax services, and benefits administration. The company has raised its dividend for 27 consecutive years and recently reported strong Q2 fiscal 2026 results, though multiple analysts have trimmed price targets citing modest growth outlook in its PEO segment. The stock has been caught in a prolonged post-earnings selloff now compounded by macro headwinds from renewed U.S. tariff policy.