Stock Rating Upgrade
The Value Trend Rating for Adobe Inc (NASDAQ: ADBE) improved recently from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Adobe Inc (NASDAQ: ADBE) stock closed at $584.68 on 12/15/23 after a slight gain of 0.01%. Moreover, trading volume in this advance was exceptionally high at 295% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -4.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ADBE is expected to continue to be a major Value Builder.
Adobe has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Adobe has a slightly negative Appreciation Score of 36 but a very high Power Rating of 95, producing the Positive Value Trend Rating.
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