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· Adobe stock got pulled down with the tech stock sell-off. What happened Powerhouse tech stock Adobe ( ADBE -3.49%) fell 12.5% in February, according to data from S&P Global Market Intelligence....
Why is Adobe stock going down?
Adobe reduced its fiscal year forecast late Tuesday, citing the impact of halting sales in Russia and Belarus. Analysts lowered their target price estimates for the fiscal year to reflect the company's updated numbers. Adobe shares are about 39% off their all-time high from November.
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.
Is Adobe a good stock to hold?
Given ADBE stock's embedded growth premium, it has also not been spared. Nonetheless, given its competitive moat and market leadership, we believe Adobe is a core stock for most growth investors.
Is Adobe a good stock to buy 2022?
The company is also highly profitable, having earned $1.266 million in net income during the three months ended Mar. 4, 2022. This is in line with the year-earlier quarter's result, so Adobe appears to be on an even keel, financially speaking.
Does Adobe pay dividends?
Adobe does not pay a dividend.
Why is Adobe stock so expensive?
The stock looks expensive at first glance, trading at a high price-to-earnings ratio of about 49, but Adobe has consistently earned a high valuation for several years. The main reason is that Adobe has a long runway of growth, with a long-term addressable market of approximately $147 billion.
Is Adobe a Buy Sell or Hold?
Adobe has received a consensus rating of Buy. The company's average rating score is 2.80, and is based on 20 buy ratings, 5 hold ratings, and no sell ratings.
Is AMD a hold?
A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80)....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy25.08%2Buy18.56%3Hold10.15%4Sell5.79%2 more rows
What is the forecast for Apple stock?
Stock Price Forecast The 39 analysts offering 12-month price forecasts for Apple Inc have a median target of 191.00, with a high estimate of 219.94 and a low estimate of 145.00. The median estimate represents a +35.60% increase from the last price of 140.86.
Will Adobe 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 +40.58% increase from the last price of 405.47.
Is AMD stock a buy?
AMD boasts a Growth Style Score of B and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 55.6% year-over-year for 2022, while Wall Street anticipates its top line to improve by 54.4%. 11 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2022.
What are the best stocks to buy for 2022?
Top 10 Stocks To Consider in 2022StockPriceMarket CapAmerican Eagle Outfitters Inc.$17.50$2.96 billionNucor Corp.$165.32$44.44 billionSteel Dynamics Inc.$88.32$16.74 billionSalesforce Inc.$189.41$187.52 billion6 more rows•Apr 19, 2022
What happened
And the tech stock sell-off just goes on and on! On Wednesday, for the fourth trading session in a row, shares of software star Adobe ( ADBE -2.04% ) suffered yet another slump. Down 4.3% as of 11:40 a.m. ET, Adobe stock has now fallen 7% since the downturn began.
So what
In a note out this morning, UBS said it is cutting its rating on Adobe and downgrading the shares to neutral "on 2022 growth concerns," reports StreetInsider.com.
Now what
And now here's the really bad news: The damage to Adobe's 2022 sales will be worse "than most investors think." If UBS is right about that, of course, then it means Adobe will probably not hit analyst projections for $13.79 per share in earnings this year -- or nearly $18 billion in sales, either.
Is Adobe's stock a buy?
With inflation fears dragging down many premium-priced growth stocks, Adobe's shares could continue to decline further in the coming days. That could give patient, long-term-minded investors an opportunity to scoop up shares of this cloud leader at a sizable discount to where they were trading just a few weeks ago.
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When will Adobe stock repurchase?
Adobe announced that its Board of Directors has approved a stock repurchase program on Thursday, December 10th 2020 , which permits the company to repurchase $15,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 6.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.
What is Adobe stock worth in 2020?
Adobe's stock was trading at $315.23 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ADBE stock has increased by 94.3% and is now trading at $612.61. View which stocks have been most impacted by COVID-19.
What is Adobe's fourth quarter 2021 earnings?
Adobe updated its fourth quarter 2021 earnings guidance on Tuesday, October, 19th. The company provided EPS guidance of $3.180-$3.180 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.080. The company issued revenue guidance of $4.07 billion-$4.07 billion, compared to the consensus revenue estimate of $4.04 billion.
What is Adobe's PEG ratio?
Adobe has a PEG Ratio of 3.35. PEG Ratios above 1 indicate that a company could be overvalued.
What is the ticker symbol for Adobe?
Adobe trades on the NASDAQ under the ticker symbol "ADBE."
Is Adobe a buy or sell company?
Adobe has received a consensus rating of Buy. The company's average rating score is 2.84, and is based on 21 buy ratings, 4 hold ratings, and no sell ratings.
Does Adobe pay dividends?
Adobe does not currently pay a dividend.
Adobe Tempers Expectations for 2022
ADBE has suffered a notble decline along with the rest of the market in the past two and a half months. Since the end of November, Adobe shares have tumbled nearly 30%, compared with the S&P 500 index, which has risen approximately 2%. Year-to-date, Adobe is down 8%, while the S&P index has slid 4%.
Is ADBE a Buy?
Despite the price target reductions, Wall Street analysts, on average, still have a Buy rating on the stock. Of the 31 analysts tracked by SA over the past 90 days, 17 rated Adobe a Strong Buy, 8 a Buy, and 6 a Hold. None rated the stock a Sell. SA authors also saw the stock as a buy, on average.
