Your email has been successfully added to our mailing list.

×
-0.000115691643206867 0.000347074929620821 -0.00343218541514013 -0.00196675793451849 -0.000809841502448728 0.00111835255100081 -0.00107978866993164 -0.00235239674520849
Stock impact report

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
Opt-in for
ADBE alerts

from News Quantified
Opt-in for
ADBE alerts

from News Quantified