The outlook and analysis of Adobe Inc. (ADBE)’s stock

A share price of Adobe Inc. [ADBE] is currently trading at $364.98, up 2.41%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ADBE shares have gain 5.98% over the last week, with a monthly amount glided 7.91%, and seem to be holding up well over a long-time horizon.

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On 15, December 2022, Adobe Reports Record Q4 and Fiscal 2022 Revenue. In a post published today on Yahoo Finance, Record Q4 Digital Media net new ARR and strong Adobe Experience Platform bookings drive business momentum.

From an analyst’s perspective:

Adobe Inc. [NASDAQ: ADBE] stock has seen the most recent analyst activity on January 18, 2023, when DA Davidson initiated its Neutral rating and assigned the stock a price target of $350. On September 22, 2022, MoffettNathanson initiated with a Hold rating and assigned a price target of $354 on the stock. Wells Fargo downgraded its rating to a Equal Weight and decreased its price target to $310 on September 19, 2022. Edward Jones downgraded its rating to a Hold. Robert W. Baird downgraded its rating to Neutral for this stock on September 16, 2022, and downed its price target to $355. In a note dated September 16, 2022, BofA Securities downgraded an Neutral rating on this stock and revised its target price from $450 to $350.

Adobe Inc. experienced fluctuations in its stock price throughout the past year between $274.73 and $540.46. Currently, Wall Street analysts expect the stock to reach $382.97 within the next 12 months. Adobe Inc. [NASDAQ: ADBE] shares were valued at $364.98 at the most recent close of the market. An investor can expect a potential return of 4.93% based on the average ADBE price forecast.

Analyzing the ADBE fundamentals

During the last quarter, Adobe Inc. [NASDAQ:ADBE] saw sales of 4.45 billion, an improvement of 10.10%. Gross Margin for this corporation currently stands at +86.61% with Operating Margin at +33.98%, Pretax Margin comes in at +34.47%, and Net Margin reading is +27.29%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 359.26 points at the first support level, and at 353.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 368.28, and for the 2nd resistance point, it is at 371.59.

Adobe Inc. [ADBE] reported earnings per share of $3.4 for its fiscal quarter that ended on 8/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $3.33/share, meaning a difference of $0.07 and a surprise factor of 2.10%. By comparison, the stated earnings for the previous quarter ended on 5/30/2022 were $3.35 per share as compared to estimates of $3.31 per share, a difference of $0.04 representing a surprise of 1.20%.

Ratios To Look Out For

A current ratio of 1.10 is a noteworthy aspect of Adobe Inc. [NASDAQ:ADBE]. Also, the Quick Ratio is 1.11, while the Cash Ratio stands at 0.75. Considering the valuation of this stock, the price to sales ratio is 9.23, the price to book ratio is 11.23 and the P/E (TTM) ratio is 36.15.

Transactions by insiders

We now turn our attention to insider trading, which in the past 3 months has resulted in 7 insider buyings of 19,412 shares and 13 insider sellings of 35,086 shares. Recent insider trading involved NARAYEN SHANTANU, Chairman and CEO, that happened on Jan 20 when 15000.0 shares were sold. Director, WARNOCK JOHN E completed a deal on Jan 12 to sell 3000.0 shares. Meanwhile, EVP, Gen. Counsel & Secretary Rao Dana sold 5018.0 shares on Dec 20.