Stock Rating Downgrade
Of late the Value Trend Rating for Adobe Inc (NASDAQ: ADBE) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Adobe Inc (NASDAQ: ADBE) stock closed at $596.54 on 1/12/24 after a slight decline of -0.2%. However, this decline was accompanied by unusually low trading volume at 51% of normal. The stock has risen 5.2% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ADBE is expected to continue to be a major Value Builder.
Adobe has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Adobe has a slightly negative Appreciation Score of 34 but a very high Power Rating of 92, leading to the High Neutral Value Trend Rating.
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