Adobe Inc [NASDAQ: ADBE] slipped around -8.94 points on Friday, while shares priced at $465.69 at the close of the session, down -1.88%.
Compared to the average trading volume of 3.27M shares, ADBE reached a trading volume of 11035508 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Adobe Inc [ADBE]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ADBE shares is $588.34 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ADBE stock is a recommendation set at 1.93. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
TD Cowen have made an estimate for Adobe Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on December 12, 2024. While these analysts kept the previous recommendation, BMO Capital Markets raised their target price from $580 to $600. The new note on the price target was released on December 06, 2024, representing the official price target for Adobe Inc stock. Previously, the target price had yet another raise from $580 to $625, while Oppenheimer kept a Outperform rating on ADBE stock. On June 14, 2024, analysts increased their price target for ADBE shares from 570 to 580.
The Average True Range (ATR) for Adobe Inc is set at 17.24, with the Price to Sales ratio for ADBE stock in the period of the last 12 months amounting to 9.35. The Price to Book ratio for the last quarter was 14.25, with the Price to Cash per share for the same quarter was set at 18.26. Price to Free Cash Flow for ADBE in the course of the last twelve months was 30.71 with Quick ratio for the last quarter at 1.11.
How has ADBE stock performed recently?
Adobe Inc [ADBE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.78. With this latest performance, ADBE shares dropped by -12.55% in over the last four-week period, additionally sinking by -11.35% over the last 6 months – not to mention a drop of -25.40% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ADBE stock in for the last two-week period is set at 32.86, with the RSI for the last a single of trading hit 25.95, and the three-weeks RSI is set at 37.06 for Adobe Inc [ADBE]. The present Moving Average for the last 50 days of trading for this stock 505.03, while it was recorded at 517.05 for the last single week of trading, and 515.35 for the last 200 days.
Adobe Inc [ADBE]: Deeper insight into the fundamentals
Adobe Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.11 and a Current Ratio set at 1.07.
Earnings analysis for Adobe Inc [ADBE]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ADBE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Adobe Inc go to 15.00%.
Insider trade positions for Adobe Inc [ADBE]
There are presently around $85.66%, or 85.84%% of ADBE stock, in the hands of institutional investors. The top three institutional holders of ADBE stocks are: VANGUARD GROUP INC with ownership of 41.03 million shares, which is approximately 9.1386%. BLACKROCK INC., holding 38.57 million shares of the stock with an approximate value of $$21.43 billion in ADBE stocks shares; and BLACKROCK INC., currently with $$11.13 billion in ADBE stock with ownership which is approximately 4.4622%.
