Adobe Inc [ADBE] stock prices are up 1.20% to $446.03 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ADBE shares have gain 0.59% over the last week, with a monthly amount glided 1.96%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Exane BNP Paribas upgraded its rating to Neutral on January 15, 2025, and kept the price target unchanged to $425. On January 08, 2025, downgrade downgraded it’s rating to Hold and revised its price target to $475 on the stock. TD Cowen downgraded its rating to a Hold and decreased its price target to $550 on December 12, 2024. BMO Capital Markets reiterated its recommendation of a Outperform and raised its price target to $600 on December 06, 2024. Oppenheimer reiterated a Outperform rating for this stock on September 04, 2024, and upped its price target to $625. In a note dated June 14, 2024, JP Morgan upgraded an Overweight rating on this stock and boosted its target price from $570 to $580.
The stock price of Adobe Inc [ADBE] has been fluctuating between $403.75 and $587.75 over the past year. Currently, Wall Street analysts expect the stock to reach $604.25 within the next 12 months. Adobe Inc [NASDAQ: ADBE] shares were valued at $446.03 at the most recent close of the market. An investor can expect a potential return of 35.47% based on the average ADBE price forecast.
Analyzing the ADBE fundamentals
The Adobe Inc [NASDAQ:ADBE] reported sales of 21.50B for trailing twelve months, representing a surge of 11.16%. 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 437.55 points at the first support level, and at 429.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 451.66, and for the 2nd resistance point, it is at 457.30.
Ratios To Look Out For
It’s worth pointing out that Adobe Inc [NASDAQ:ADBE]’s Current Ratio is 1.04. Further, the Quick Ratio stands at 1.04, while the Cash Ratio is 0.72. Considering the valuation of this stock, the price to sales ratio is 9.02, the price to book ratio is 13.95 and price to earnings (TTM) ratio is 35.94.
Transactions by insiders
Recent insider trading involved Ricks David A, Director, that happened on Jan 28 ’25 when 2250.0 shares were purchased. Officer, Forusz Jillian completed a deal on Jan 28 ’25 to buy 334.0 shares. Meanwhile, Chief Strategy Officer & EVP Belsky Scott sold 3819.0 shares on Jan 27 ’25.
