Adobe stock was able to create a new all-time high on Friday and is trading just below it today.
Adobe Inc. is a US software company. The Group provides software that enables customers to create, publish and measure the impact of digital content. Adobe sold $12.9 billion in goods and services last fiscal year. The group made a profit of 5.26 billion US dollars on the bottom line. Investors are now waiting for December 16, 2021. On this day, the company plans to present new business figures.
Adobe was already able to convince with excellent figures in September.
If analysts‘ long-term views are anything to go by, Adobe stock will get a „buy“ rating. The total ratings are as follows22 Buy, 4 Hold, 0 Sell. A look at the past month reveals. 3 Buy, 0 Hold and 0 Sell recommendations are available from the recent period. Thus, the stock is considered a „buy“ stock from an institutional perspective in the short term. Finally, the analysts‘ price target is also interesting for the valuation of the share as a whole. This is pegged at $673.91. This would give the stock a future performance of 1.69 percent, as it is currently priced at $662.72. This development leads to a „Hold“ rating. For the overall analyst assessment, we as the editorial team assign an overall rating of „Buy“.
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