Why are Adobe shares falling?
Adobe shares fell about 10% Wednesday after the software company lowered estimates for the fiscal year to account for the impact of halting sales in Russia. Adobe said on March 4, the first day of the quarter, that it was stopping new sales in Russia and Belarus after Russia's invasion of Ukraine.Mar 23, 2022
Is Adobe stock a good buy?
Stable growth with a reasonable valuation They expect its adjusted EPS to increase 10% in 2022 and climb another 18% in 2023. Based on those expectations, Adobe trades at 30 times forward earnings and 12 times this year's sales.Mar 24, 2022
Will Adobe shares go up?
Stock Price Forecast The 27 analysts offering 12-month price forecasts for Adobe Inc have a median target of 570.00, with a high estimate of 650.00 and a low estimate of 455.00. The median estimate represents a +31.85% increase from the last price of 432.31.
Is Adobe losing market share?
Adobe ADBE -2.4% — in which I own shares — has lost 20% of its stock market value since peaking in November. Half of that drop took place on December 16 — the second-worst day for its shares in the past decade — due to “weak guidance” for its 2022 fiscal first quarter, according to CNBC.Dec 17, 2021
Is Adobe a buy hold or sell?
Is Adobe Stock A Buy, Sell, or Hold? At recent prices, ADBE is trading at less than 32x consensus earnings estimates. It is worth noting that consensus estimates are not taking into account significant operating leverage. Earnings are expected to grow 49% over the next 3 years while revenue is expected to grow by 47%.Mar 26, 2022
Is Adobe a good long term stock?
Adobe has been a fantastic long-term buy-and-hold stock, compounding double-digit revenue and earnings growth for years, but it's now cheaper than it has ever been in the pandemic era. Here's why the stock could be a timely buy for investors who favor a good value.Dec 20, 2021
Is Adobe undervalued?
Adobe has an exceptional SaaS business model (annual recurring revenues) with high visibility of future revenues via RPOs. Adobe is oversold based on RSI of 27.78 achieved on 5-Jan-2022. Adobe is undervalued by ~ 39% / ~21% based on Discounted EPS and DCF Valuation Models.Jan 7, 2022
How many times has Adobe stock split?
The stock has split at a 2-for-1 ratio six times.Dec 27, 2019
What is the target price for Amazon stock?
Stock Price Target AMZNHigh$5,000.00Median$4,100.00Low$2,800.00Average$4,107.47Current Price$3,055.70
Who is Adobe biggest competitor?
Competitors and Alternatives to AdobeGoogle.IBM.Oracle.Kissmetrics.Amplitude.CleverTap.Glassbox.ContentSquare (ClickTale)
What market share is Adobe?
ADBE's vs. Market share relative to its competitors, as of Q1 2022COMPANY NAMETICKERMARKET SHARE 12 Months Q1 2022Adobe IncADBE0.94%Hp incHPQ3.84%Apple IncAAPL21.92%Intuit IncINTU0.66%45 more rows
Why Is the Stock Falling?
There isn't much digging to be done here; the explanation for the decline is apparent and simple: dismal guidance for the first quarter and full-year 2022 projection.
Website Traffic Details
We utilized TipRanks' new Website Traffic tool to get a look at Adobe's online traffic data.
Bottom Line
Adobe's stock may continue to fall in the coming days, as inflation worries grow and competition heats up in the digital media market intensifies.
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What happened
Shares of Adobe Inc. ( ADBE -0.74% ) fell today as investors continued yesterday's market sell-off. After a few months of skyrocketing share prices, many tech investors are selling their shares and locking in their profits.
So what
The S&P 500 has experienced significant gains over the past few months, led mostly by tech stocks. Investors have flocked to the technology sector as the coronavirus pandemic has forced people to spend more time at home.
Now what
The U.S. is still reeling from COVID-19 and a pandemic-induced recession. The current economic situation is likely the cause of more volatility in the markets in the coming months, even if the recent sell-off subsides soon.
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