What Analysts Say about the Adobe Inc. (ADBE) Stock

Adobe Inc. (NASDAQ:ADBE) saw a downside of -0.66% to close Monday at $573.07 after subtracting -$3.79 on the day. The 5-day average trading volume is 2,098,200 shares of the company’s common stock. It has gained $586.15 in the past week. An average of 2,922,410 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,975,744.

ADBE’s 1-month performance is -13.03% or -$85.87 on its low of $552.14 reached on 10/04/21. The company’s shares have touched a 52-week low of $420.78 and high of $673.88, with the stock’s rally to the 52-week high happening on 09/03/21. YTD, ADBE has achieved 14.59% or $72.95. However, the current price is down -14.96%% from the 52-week high price.

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Insider Transactions

On Sep 24, 18 days have gone by since the last insider trading activity for Adobe Inc. (ADBE). WARNOCK JOHN E (Director) most recently sold 3,000 shares at $628.03 per share on Sep 24. This transaction cost the insider $1,884,097. Chairman, President and CEO, NARAYEN SHANTANU, sold 40,000 shares at a price of $620.26 on Sep 24. Then, on Sep 24, EVP, Chief People Officer Chen Gloria sold 42 shares at a price of $628.00 per share. This transaction amounted to $26,376.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 69.72 and a low of 36.66. ADBE stock has a beta of 1.02. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 18.12 while the price-to-book (PB) in the most recent quarter is 18.96, with the price to cash flow ratio at 41.50.

Adobe Inc.’s quick ratio for the period ended August 30 was 1.40, with the current ratio over the same period at 1.40 meaning that ADBE stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending August 30 was 0.29, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 88.20%. The trailing 12-month EBITDA margin is 38.80% while for the period ending August 30; Adobe Inc.’s operating margin was 36.50%. The firm’s gross profit as reported stood at $11.15 billion against revenue of $12.87 billion.

Earnings Surprise

For the quarterly period ending August 30 this year, Adobe Inc.’s cash and short-term investments amounted to $1.54 billion against total debt of $4.69 billion. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected ADBE to announce $3.01 per share in earnings in its latest quarter, but it posted $3.11, representing a 3.30% surprise. EBITDA for the quarter stood at more than $1.63 billion. ADBE stock balance sheet for the quarter ending August 30 shows that total liabilities totaled 11.73 billion, with total debt at $4.69 billion. Shareholders hold equity totaling $475.8 million

Technical Picture

Let’s look briefly at Adobe Inc. (ADBE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 32.27% to suggest the stock is trending Neutral, with historical volatility in this time period at 21.59%.

The stock’s 5-day moving average is $573.18, reflecting a +2.61% or $14.58 change from its current price. ADBE is currently trading -11.17% above its 20-day SMA, +19.27% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -7.81% and +15.33% respectively.

Stochastic %K and %D was 25.66% and 22.18% and the average true range (ATR) pointed at 13.88. The RSI (14) points at 32.75%, while the 14-day stochastic is at 25.63% with the period’s ATR at 13.64. The stock’s 9-day MACD Oscillator is pointing at 3.49 and -10.66 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Adobe Inc. (NASDAQ: ADBE), Wells Fargo launched coverage with an Overweight rating. Analysts offering their rating for ADBE stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate ADBE as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 21 have offered a “buy” rating.

What is ADBE’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $600.00 and a high of $800.00, with their median price target at $711.50. Looking at these predictions, the average price target given by analysts is for Adobe Inc. (ADBE) stock is $710.33.


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