Adp stock price has stayed resilient near $241

ADP stock price has stayed resilient near $241 following steady earnings forecasts. Analysts project mid-single-digit revenue growth in FY2024 as corporate hiring stabilizes. Institutional investors are monitoring debt ratios and free cash flow metrics to gauge long-term sustainability. What we will get this week are the minutes from the September FOMC meeting, which saw the Federal Reserve vote to cut rates for the first time this year. With the US jobs report for September likely to be delayed due to the government shutdown, private payroll data is in greater focus among economists and market watchers. Yield-oriented investors appreciate consistent payout growth.