A share price of Adobe Inc [ADBE] is currently trading at $426.93, up 2.31%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ADBE shares have gain 1.75% over the last week, with a monthly amount drifted -8.32%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Adobe Inc [NASDAQ: ADBE] stock has seen the most recent analyst activity on January 15, 2025, when Exane BNP Paribas upgraded its rating to a Neutral but kept the price target unchanged to $425 for it. Previously, Deutsche Bank downgraded its rating to Hold on January 08, 2025, and dropped its price target to $475. On December 12, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $550 on the stock. BMO Capital Markets reiterated its Outperform rating and increased its price target to $600 on December 06, 2024. Oppenheimer reiterated its recommendation of a Outperform and raised its price target to $625 on September 04, 2024. JP Morgan upgraded its rating to Overweight for this stock on June 14, 2024, and upped its price target to $580. In a note dated June 10, 2024, Melius downgraded an Hold rating on this stock but restated the target price of $510.
Adobe Inc experienced fluctuations in its stock price throughout the past year between $403.75 and $638.25. Currently, Wall Street analysts expect the stock to reach $604.25 within the next 12 months. Adobe Inc [NASDAQ: ADBE] shares were valued at $426.93 at the most recent close of the market. An investor can expect a potential return of 41.53% based on the average ADBE price forecast.
Analyzing the ADBE fundamentals
Trailing Twelve Months sales for Adobe Inc [NASDAQ:ADBE] were 21.50B which represents 11.16% growth. Gross Profit Margin for this corporation currently stands at 0.89% 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 0.38 and Total Capital is 0.39. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.43.
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 420.32 points at the first support level, and at 413.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 431.21, and for the 2nd resistance point, it is at 435.50.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Adobe Inc [NASDAQ:ADBE] is 1.04. As well, the Quick Ratio is 1.04, while the Cash Ratio is 0.72. Considering the valuation of this stock, the price to sales ratio is 8.64, the price to book ratio is 13.35 and price to earnings (TTM) ratio is 34.41.
Transactions by insiders
Recent insider trading involved Banse Amy, Director, that happened on Dec 06 ’24 when 606.0 shares were sold. Director, AMY BANSE completed a deal on Dec 06 ’24 to buy 606.0 shares. Meanwhile, Officer Rao Dana bought 8671.0 shares on Nov 26 ’24.
