Large-cap Technology company Adobe has logged a 2.5% change today on a trading volume of 5,144,917. The average volume for the stock is 2,871,726.
Adobe Inc., together with its subsidiaries, operates as a diversified software company worldwide. The company is now trading 1.27% away from its average analyst target price of $591.59 per share. The 30 analysts following the stock have set target prices ranging from $499.6 to $671.5, and on average give Adobe a rating of buy.
Over the last 52 weeks, ADBE stock has risen 77.8%, which amounts to a 54.2% difference compared to the S&P 500. The stock's 52 week high is $633.89 whereas its 52 week low is $318.6 per share. With its net margins declining an average -0.5% over the last 6 years, Adobe may not have a strong enough profitability trend to support its stock price.
| Date Reported | Total Revenue ($ k) | Net Profit ($ k) | Net Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 18,886,000 | 5,121,000 | 27 | 0.0 |
| 2022 | 17,606,000 | 4,756,000 | 27 | -12.9 |
| 2021 | 15,785,000 | 4,822,000 | 31 | -24.39 |
| 2020 | 12,868,000 | 5,260,000 | 41 | 57.69 |
| 2019 | 11,171,000 | 2,951,000 | 26 | -7.14 |
| 2018 | 9,030,000 | 2,591,000 | 28 |
