ADP Forecast + Trading Strategies


Bullish Case: ADP's strong fundamentals, high client retention, and expanding services in the HCM market suggest sustained growth, with further benefits from R&D investments and a stable U.S. labor market.


Bearish Case: Economic headwinds, mean-reverting price action, and high valuation multiples pose risks, potentially impacting the performance of ADP's small business clients and reducing its revenue.


Potential Outcomes:

1. Economic downturn hits small businesses (35%).

2. Ongoing demand for ADP services boosts revenue (50%).

3. Neutral market impact from balanced economic factors (15%).


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May 30, 2024


Automatic Data Processing Forecast

ADP      Automatic Data Processing
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











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