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.
Is Adobe a good stock to buy right now?
Adobe reported disappointing earnings and guidance in its most recent report. Although revenue growth is slowing, the company looks as profitable as ever. It's a great business and worth buying now.
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.
Is Adobe a buy or sell?
The Adobe Systems Incorporated stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock.
How high will Adobe stock go?
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.
Does Adobe pay dividends?
Adobe does not pay a dividend.
Why buy Adobe?
Adobe is a leader in its space. It has decades of proven success, plenty of market share available left to capture, and a shareholder-friendly capital allocation plan. The fact that shares are trading for a discount is icing on the cake for anyone considering buying Adobe stock in 2022.
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.
Is Adobe market leader?
Judged an Industry Leader For example, Forrester FORR -2.1% dubs Adobe a leader in digital experience platforms, enterprise marketing software, and digital asset management for customer experience. Gartner IT -0.5% picked Adobe as a leader in digital commerce, marketing automation, and ad tech.
Is Microsoft a buy right now?
Microsoft stock is not a buy right now. It needs to form a new base in the right market conditions before setting a potential buy point. Check out IBD's Big Picture column for the current market direction. In a negative sign, MSFT stock is trading below its 50-day moving average line.
Is Adobe stock a buy Zacks?
- Hold. Zacks' proprietary data indicates that Adobe Inc. is currently rated as a Zacks Rank 3 and we are expecting an inline return from the ADBE shares relative to the market in the next few months.
What is the target price for Microsoft?
Stock Price TargetsHigh$410.00Median$360.00Low$298.18Average$360.71Current Price$266.20
Could this be the opportunity you've been waiting for?
Is Adobe's stock a buy?
Joe honed his investing skills as an analyst for Stock Advisor. He battle-tested his investment philosophy and strategies as portfolio manager of Tier 1, a market-crushing Motley Fool real-money portfolio that delivered 24.58% annualized returns.
Shares of the software giant fell after weak guidance in its earnings report
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.
What happened
Fool since 2011. I write about consumer goods, the big picture, and whatever else piques my interest. Follow me on Twitter to see my latest articles, and for commentary on hot topics in retail and the broad market. Follow @tmfbowman
So what
Shares of Adobe ( NASDAQ:ADBE) pulled back last month after the software giant known for products like Photoshop and its Creative Cloud offered disappointing guidance in its fourth-quarter earnings report. As a result, the stock fell 15% in December, according to data from S&P Global Market Intelligence.
Now what
On Dec. 16, Adobe stock fell 10.2% after the company missed the mark in its fourth-quarter earnings report.
Why Is the Stock Falling?
Adobe is one of a handful of software giants like Salesforce that have consistently delivered strong growth as a company and a stock. Adobe shares have jumped nearly 2,000% over the last decade as Adobe was an early adopter of the cloud software model. That has helped the company deliver monster profit margins, which reached 31% in 2021.
Website Traffic Details
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.
Bottom Line
We utilized TipRanks' new Website Traffic tool to get a look at Adobe's online traffic data.
TipRanks
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.
What happened
TipRanks is the most comprehensive data set of sell side analysts and hedge fund managers. TipRanks' multi-award winning platform ranks financial experts based on measured performance and the accuracy of their predictions so investors know who to trust when making investment decisions.
So what
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.
Now 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.
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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.
Adobe Tempers Expectations for 2022
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Is ADBE a Buy?
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%.
How many times has a 6% probability occurred in the last ten years?
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.
Is Forbes opinion their own?
A change of -5.3% or more over five trading days has a 6% event probability, which has occurred 141 times out of 2516 in the last ten years
