What’s the Analyst Recommendation for Adobe Inc. (ADBE)?

DZ Bank announced it was Upgrade coverage of Adobe Inc. in a research note on September 17, 2020. Wells Fargo rated the stock as a Equal weight in a research noted published on September 16, 2020. UBS rated the stock as a Buy in a research note published on September 16, 2020.

WARNOCK JOHN E, the Director of Adobe Inc., sold 2500.0 shares at the valuation of $472.53 during an exchange that occurred on Sep 25, which implies that WARNOCK JOHN E is holding 425,906 shares at the estimation of $1,181,320.

In another transaction, on Sep 15, EVP, Chief Product Officer of Adobe Inc., Belsky Scott, sold 600.0 shares at the price of $492.02. After this activity, Belsky Scott now keeps 10,853 shares of Adobe Inc., esteemed at $295,212.

ADBE Recent Trade

The share price of ADBE ascended by $0.82 during the exchanging session on 09/29/20 to exchange at $489.33. Adobe Inc. stock has an exchanging volume of 2.04 million shares, which is low, contrasted with its 3-months average volume of 3.02M shares. Its market capitalization has now reached to $228.82B and analysts have a consensus target price of $552.77 in the 12-month period.

ADBE Past Trading Activity

The market tends to become urbane often, in any event, for prepared investors and traders. In any event, when a merchant got what he/she had expected, the market occasionally chooses to move the other way. This instability leads a few traders questioning and re-thinking their moves. This is the reason becoming acquainted with past price performance, just as both long and short time period, is significant. If we look the past performance, during the last one week, ADBE price has rose by 0.52%. In the course of past three months sees the stock go up around 12.41%, while it has gain 53.76% over the past six months and 48.37% since the start of the year.

ADBE Earning History

Earnings per share are the amount of profit that a company produces during a specific period, which is usually defined as a quarter (three calendar months) or a year. In recent quarter of (Nov 2020), the firm recorded a revenue of 3.23 billion, which was lesser than the gauge of 3.36B made by certain experts. For that equivalent quarter, Adobe Inc. posted $2.57 earnings per share (EPS) which was above the consensus estimate of $2.41 by $0.16, which represents to an expansion by 6.60%.

ADBE Price Performance

Let us presently take a gander at a portion of its probable help and opposition resistance. Late research on Adobe Inc. has seen its stock exchanging -8.86% underneath its three-month high price. A glance at the opposite side additionally observes stock exchanging +17.55% above its three-month low. A more extensive look sees ADBE exchanging -8.86% beneath its 52-week high and 91.80% above from its 52-week low price.

ADBE Instability & Beta Factor

The Volatility of a stock means that the stock’s drop or increase in the event that the more extensive market drops or rushes. A beta score higher than 1 implies that a stock is profoundly unpredictable while underneath 1 implies that the Volatility of a stock is low. If we look trading Volatility. Its 7-day Volatility is around 2.72%, while it has a month to month instability of 4.02%. The company has an ATR (Average True Range) of 18.76 and a beta factor of 0.99.

Leave a Comment