ADBE Has Been Given A Rating Of Buy


The stocks of ADBE have been given a rating of buy from stock analysts who work at the Bank of America in a Wednesday research report. Currently, the price target set on the company is $570 which indicates an increase of about 10.71% from the previous close of the company. 

Detailed Commentary Of ADBE Stock

There have been quite a few research equities that have commented on the stocks of ADBE. Wedbush has already increased the price objective of the shares of the company from $410 to $510 while giving the stocks a rating of neutral in a 3rd Wednesday research report. JPMorgan Chase & Co has also increased the price target of the company to $595 along with a rating of overweight in a 24th March research report. BMO Capital Markets has decreased the price target of the firm from $560 to $575 with a rating of overweight in a 30th March research report. In the end, Stifel Nicolaus has also given the company a rating of buy. 

Currently, one of the research analysts has already given the company a rating of sell, while four of them have given it a rating of hold. Close to nineteen analysts have already given the company a rating of buy. As of now, ADBE has a buy rating with a $547.58 price target. 

The stocks of ADBE traded on Wednesday at $514.86. The moving average price of the company over 50 days has been $463.01, while the moving average price of the company over 200 days has been $477.33. The market cap of the firm is $246.10 billion, with a 47.50 PE ratio, and a 2.55 PEG ratio. The company enjoys a 1.44 quick ratio, along with a 1.48 current ratio. The year low of the company is $325.21 with a year high of around $536.88. 

ADBE did release their previous data of earnings on the 22nd of March. The EPS reported by the company for the quarter was $3.14, which was more than the consensus estimate of $2.79. The net margin of the company was 40.88%, with a 35.81% return on its equity. The revenue generated by the business for the quarter was $3.91 billion. 

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