Stocks of Adobe Inc (NASDAQ:ADBE) traded higher last session on Wall Street, up 2.31% to $426.93.
ADBE stock price is now -11.20% away from the 50-day moving average and -15.47% away from the 200-day moving average. The market capitalization of the company currently stands at $185.85B.
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, Banse Amy, Director sold 606 shares of the company’s stock on Dec 06 ’24. The stock was sold for $333,300 at an average price of $550.00. Upon completion of the transaction, the Director now directly owns 32,929 shares in the company, valued at $14.06 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 06 ’24, Director AMY BANSE bought 606 shares of the business’s stock. A total of $326,161 was incurred on buying the stock at an average price of $538.22. A total of 0.41% 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 34.41 price-to-earnings ratio, a 2.29 price-to-earnings-growth ratio, and a beta of 1.32. The fifty day moving average price for ADBE is $480.7956 and a two-hundred day moving average price translates $505.0504 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. For the current quarter, analysts expect ADBE to generate $5.66B in revenue.
