No Stopping Adobe Inc (NASDAQ: ADBE) These Days

Adobe Inc (NASDAQ:ADBE) does about 3.50M shares in volume on a normal day but saw 2807164 shares change hands in Friday trading. The company now has a market cap of 256.44B USD. Its current market price is $578.34, marking an increase of 1.44% compared to the previous close of $570.15. The 52 week high reached by this stock is $638.25 whilst the lowest price level in 52 weeks is $433.97.

Adobe Inc (ADBE) has a 20-day trading average at $517.29 and the current price is -9.39% off the 52-week high compared with 33.27% distance from its 52-week low. The 50-day simple moving average of the closing price is $491.81 and its 200-day simple moving average is $543.61. If we look at the stock’s price movements over the week, volatility stands at 1.85%, which increases to 2.22% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 79.40 to suggest the stock is overbought.

The consensus objective for the share price is $608.18, suggesting that the stock has a potential upside of 4.91% over the period.


The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 14, 2024 when JP Morgan upgraded the stock to “Overweight” and issued a price target of between $570 and $580. Melius downgraded the stock to “Hold” from Buy on June 10, 2024 at a price target of $510. KeyBanc Capital Markets initiated its price target at $445.

Adobe Inc (ADBE) stock is up 5.78% over the week and 28.99% over the past month. Its price is -3.06% year-to-date and 18.69% over the past year.


To reach the target analysts have set, the stock logically needs to grow 4.91 percent from here.

The company has a return on investment of 26.22% and return on equity of 34.22%. The price to earnings ratio (P/E ratio) amounts to 51.94 while the forward price to earnings ratio is 28.10. The beta has a value of 1.30. Price to book ratio is 17.49 and price to sales ratio is 12.56.