Stock Rating Upgrade
In the last week the Value Trend Rating for Adobe Inc (NASDAQ: ADBE) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Adobe Inc (NASDAQ: ADBE) stock closed at $494.68 on 11/8/24 after a modest decline of -1.2%. This decline was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has risen 3.5% during the last week.
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 C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Adobe has a slightly negative Appreciation Score of 40 and a neutral Power Rating of 51, with the Low Neutral Value Trend Rating the result.
Be the first to comment