Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Adobe Inc (NASDAQ: ADBE) weakened of late. ADBE’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Adobe Inc (NASDAQ: ADBE) stock declined modestly by -1.9% on 12/13/24. The stock closed at $465.69. Moreover, this decline was accompanied by exceptionally high trading volume at 351% of normal. The stock has performed in line with the market over the last nine months and has declined -13.5% during the last week.
Current PriceTarget Research Rating
Adobe has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Adobe has a poor Appreciation Score of 23 but a neutral Power Rating of 56, and the Negative Value Trend Rating results.
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