A share price of Adobe Inc [ADBE] is currently trading at $552.96, up 2.74%. An important factor to consider is whether the stock is rising or falling in short-term value. The ADBE shares have gain 7.18% over the last week, with a monthly amount glided 9.53%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Adobe Inc [NASDAQ: ADBE] stock has seen the most recent analyst activity on December 06, 2024, when BMO Capital Markets reiterated its Outperform rating and also boosted its price target to $600 from $580. Previously, Oppenheimer reaffirmed its Outperform rating on September 04, 2024, and elevated its price target to $625. On June 14, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $580 on the stock. Melius downgraded its rating to a Hold but stick to its price target of $510 on June 10, 2024. KeyBanc Capital Markets initiated its recommendation with a Underweight and recommended $445 as its price target on March 21, 2024. Exane BNP Paribas downgraded its rating to Underperform for this stock on January 18, 2024, but kept the price target unchanged to $499. In a note dated December 18, 2023, Barclays upgraded an Overweight rating on this stock.
Adobe Inc experienced fluctuations in its stock price throughout the past year between $433.97 and $638.25. Currently, Wall Street analysts expect the stock to reach $610.32 within the next 12 months. Adobe Inc [NASDAQ: ADBE] shares were valued at $552.96 at the most recent close of the market. An investor can expect a potential return of 10.37% based on the average ADBE price forecast.
Analyzing the ADBE fundamentals
Trailing Twelve Months sales for Adobe Inc [NASDAQ:ADBE] were 20.94B which represents 10.71% growth. Gross Profit Margin for this corporation currently stands at 0.88% with Operating Profit Margin at 0.36%, Pretax Profit Margin comes in at 0.32%, and Net Profit Margin reading is 0.26%. To continue investigating profitability, this company’s Return on Assets is posted at 0.18, Equity is 0.35 and Total Capital is 0.37. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.39.
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 545.78 points at the first support level, and at 538.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 557.25, and for the 2nd resistance point, it is at 561.55.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Adobe Inc [NASDAQ:ADBE] is 1.11. On the other hand, the Quick Ratio is 1.11, and the Cash Ratio is 0.75. Considering the valuation of this stock, the price to sales ratio is 11.94, the price to book ratio is 16.92 and price to earnings (TTM) ratio is 46.70.
Transactions by insiders
Recent insider trading involved AMY BANSE, Director, that happened on Dec 06 ’24 when 606.0 shares were purchased. Officer, Rao Dana completed a deal on Nov 26 ’24 to buy 8671.0 shares. Meanwhile, SVP & CAO Forusz Jillian sold 676.0 shares on Oct 29 ’24.
