In yesterday’s Wall Street session, Adobe Inc (NASDAQ:ADBE) shares traded at $446.00, up 0.98% from the previous session.
ADBE stock price is now -4.80% away from the 50-day moving average and -11.30% away from the 200-day moving average. The market capitalization of the company currently stands at $194.15B.
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With the price target maintained at $425, Exane BNP Paribas recently Upgraded its rating from Underperform to Neutral for Adobe Inc (NASDAQ: ADBE). On January 08, 2025, Deutsche Bank Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $600 to quote $475, while ‘TD Cowen’ rates the stock as ‘Hold’
In other news, Ricks David A, Director bought 2,250 shares of the company’s stock on Jan 28 ’25. The stock was bought for $998,946 at an average price of $443.98. Upon completion of the transaction, the Director now directly owns 4,984 shares in the company, valued at $2.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 28 ’25, Officer Forusz Jillian bought 334 shares of the business’s stock. A total of $145,567 was incurred on buying the stock at an average price of $435.83. A total of 0.32% of the company’s stock is owned by insiders.
During the past 12 months, Adobe Inc has had a low of $403.75 and a high of $638.25. As of last week, the company has a debt-to-equity ratio of 0.43, a current ratio of 1.04, and a quick ratio of 1.04. According to the stock market information, the enterprise value for the company is $240642179072, which is based on a 35.94 price-to-earnings ratio, a 3.04 price-to-earnings-growth ratio, and a beta of 1.31. The fifty day moving average price for ADBE is $470.1526 and a two-hundred day moving average price translates $502.96375 for the stock.
The latest earnings results from Adobe Inc (NASDAQ: ADBE) was released for 2024-08-30. The net profit margin was 25.85% and return on equity was 36.31% for ADBE. The company reported revenue of $5.41 billion for the quarter, compared to $5.05 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.13 percent.
