ADBE
AS OF
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Capitalization
165.87B
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ADBE Trading results, last 6 months
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ADBE
Stock ticker:
NASDAQ
AS OF
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Price
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Change
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Capitalization
165.87B

ADBE Price Prediction, Adobe AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar

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ADBE Trading results, last 6 months
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a Summary for AAPL with price predictions
12:00 AM EDT Mar 23, 2023

ADBE in upward trend: price rose above 50-day moving average on March 16, 2023

ADBE moved above its 50-day moving average on March 16, 2023 date and that indicates a change from a downward trend to an upward trend. In 30 of 40 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 75%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on March 10, 2023. You may want to consider a long position or call options on ADBE as a result. In of 89 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for ADBE just turned positive on March 16, 2023. Looking at past instances where ADBE's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .

The 50-day moving average for ADBE moved above the 200-day moving average on March 21, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ADBE advanced for three days, in of 348 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for ADBE moved out of overbought territory on March 22, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 56 similar instances where the indicator moved out of overbought territory. In of the 56 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The 10-day moving average for ADBE crossed bearishly below the 50-day moving average on February 28, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ADBE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

ADBE broke above its upper Bollinger Band on March 21, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for ADBE entered a downward trend on March 07, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. ADBE’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock slightly better than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (11.905) is normal, around the industry mean (18.850). P/E Ratio (36.364) is within average values for comparable stocks, (167.435). Projected Growth (PEG Ratio) (1.602) is also within normal values, averaging (6.470). Dividend Yield (0.000) settles around the average of (0.035) among similar stocks. P/S Ratio (9.579) is also within normal values, averaging (87.519).

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published Earnings

ADBE is expected to report earnings to fall 1.05% to $3.76 per share on June 15

Adobe ADBE Stock Earnings Reports
Q2'23
Est.
$3.76
Q1'23
Beat
by $0.12
Q4'22
Beat
by $0.10
Q3'22
Beat
by $0.05
Q2'22
Beat
by $0.04
The last earnings report on March 15 showed earnings per share of $3.80, beating the estimate of $3.68. With 609.61K shares outstanding, the current market capitalization sits at 165.87B.
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A.I.Advisor
published Dividends

ADBE paid dividends on April 12, 2005

Adobe ADBE Stock Dividends
А dividend of $0.01 per share was paid with a record date of April 12, 2005, and an ex-dividend date of March 24, 2005. Read more...
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published Highlights

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), Salesforce (NYSE:CRM), Adobe (NASDAQ:ADBE), Intuit (NASDAQ:INTU), SERVICENOW (NYSE:NOW), Uber Technologies (NYSE:UBER), Activision Blizzard (NASDAQ:ATVI), Palo Alto Networks (NASDAQ:PANW), Shopify (NYSE:SHOP).

Industry description

Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.

Market Cap

The average market capitalization across the Packaged Software Industry is 6.82B. The market cap for tickers in the group ranges from 291 to 2.07T. MSFT holds the highest valuation in this group at 2.07T. The lowest valued company is BLGI at 291.

High and low price notable news

The average weekly price growth across all stocks in the Packaged Software Industry was 2%. For the same Industry, the average monthly price growth was -5%, and the average quarterly price growth was -2%. IDAI experienced the highest price growth at 431%, while LYLTQ experienced the biggest fall at -69%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was 23%. For the same stocks of the Industry, the average monthly volume growth was 33% and the average quarterly volume growth was 18%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 53
P/E Growth Rating: 71
Price Growth Rating: 55
SMR Rating: 83
Profit Risk Rating: 89
Seasonality Score: 0 (-100 ... +100)
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published General Information

General Information

a developer of software solutions for web and print publishing

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
Packaged Software
Address
345 Park Avenue
Phone
+1 408 536-6000
Employees
29239
Web
https://www.adobe.com
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ADBE and

Correlation & Price change

A.I.dvisor indicates that over the last year, ADBE has been closely correlated with ADSK. These tickers have moved in lockstep 76% of the time. This A.I.-generated data suggests there is a high statistical probability that if ADBE jumps, then ADSK could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ADBE
1D Price
Change %
ADBE100%
+2.02%
ADSK - ADBE
76%
Closely correlated
+1.39%
INTU - ADBE
73%
Closely correlated
+4.41%
MSFT - ADBE
73%
Closely correlated
+1.97%
ANSS - ADBE
72%
Closely correlated
+1.79%
NOW - ADBE
71%
Closely correlated
+1.61%
More