Adobe Inc (NASDAQ: ADBE) stock enjoyed a major increase of 14.5% on 6/14/24. The shares closed at $525.31. Moreover, trading volume in this advance was exceptionally high at 452% of normal. The stock has risen 14.7% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are 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 F (Lowest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Adobe has a slightly negative Power Rating of 32 and a poor Appreciation Score of 29, producing the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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