Adobe stock falls after Cowen downgrade [MarketWatch]
Adobe Inc. (ADBE)
Last adobe inc. earnings: 3/12 04:05 pm
Check Earnings Report
US:NASDAQ Investor Relations:
adobe.com/investor-relations.html
Company Research
Source: MarketWatch
Adobe stock falls after Cowen downgrade Shares of Adobe Systems Inc. ADBE, -0.52% are down 0.7% in premarket trading Friday after Cowen & Co. analyst J. Derrick Wood downgraded the stock to market perform from outperform. "Near-term, we see some risks from absorbing 2018 acquisitions and tackling new org investments in 'Experience Cloud,' Wood wrote. "Medium-term, the anniversarying of Creative Cloud price hikes and the shifting growth trends between segments likely dampen the margin upside levers." In general, he sees "more moving parts that warrant a more measured valuation approach" in looking at Adobe. Wood lowered his price target to $280 from $300 in conjunction with the downgrade. Shares have gained 8.4% over the past three months, as the S&P 500 SPX, +0.87% has risen 0.6%. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.
Show less
Read more
Impact Snapshot
Event Time:
ADBE
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ADBE alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ADBE alerts
High impacting Adobe Inc. news events
Weekly update
A roundup of the hottest topics
ADBE
News
- Adobe Inc. (NASDAQ: ADBE) had its "buy" rating re-affirmed by analysts at Mizuho. They now have a $680.00 price target on the stock.MarketBeat
- Adobe Inc. (NASDAQ: ADBE) had its "outperform" rating re-affirmed by analysts at Evercore ISI. They now have a $650.00 price target on the stock.MarketBeat
- Adobe Inc. (NASDAQ: ADBE) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $630.00 price target on the stock.MarketBeat
- Adobe Inc. (NASDAQ: ADBE) had its "overweight" rating re-affirmed by analysts at Piper Sandler. They now have a $700.00 price target on the stock.MarketBeat
- Adobe Inc. (NASDAQ: ADBE) had its "outperform" rating re-affirmed by analysts at Oppenheimer Holdings Inc.. They now have a $660.00 price target on the stock.MarketBeat
ADBE
Earnings
- 3/14/24 - Beat
ADBE
Sec Filings
- 3/27/24 - Form 10-Q
- 3/22/24 - Form PX14A6G
- 3/19/24 - Form 4
- ADBE's page on the SEC website