![]() See our analysis on Adobe’s Stock Chance Of Rise for more details. Now, is ADBE stock poised to grow? Based on our machine learning analysis of trends in the stock price over the last ten years, there is a 74% chance of a rise in ADBE stock over the next month (twenty-one trading days). It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The Adobe Systems stock price gained 1.35 on the last trading day (Tuesday, 12th Dec 2023), rising from 625.20 to 633.66. Overall for the quarter, the company reported revenue of $3.94 billion, up 22% y-o-y while earnings were recorded at $2.54 compared to $1.99 in the same period of the previous year. Buy or Hold candidate since Gain 12.42 PDF. Adobe’s stock fell after its results earlier in the week as investors were left disappointed with the recurring revenue number of $11.67 billion. ![]() In comparison, the broader S&P500 index declined by 2.1% over the same period. Illustration by Mateusz Slodkowski/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty ImagesĪdobe’s stock (NASDAQ: ADBE) declined by 4.7% in the last twenty-one trading days. Given the average yearlong price target of 625.00 provided by two prominent analysts over the past few months, there is a potential upside of approximately 2.46 from the last closing price in December, 2023 for Adobe's stock if it is reached. POLAND - 4: In this photo illustration an Adobe logo seen displayed on a smartphone.
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