Adobe (ADBE) Stock Price

Financial Performance

Adobe’s revenue has shown a steady increase, with the last quarter reporting $5.7B, marking an increase of 1.9% from the previous quarter and a year-on-year growth of 5.7%. The gross profit also followed an upward trend at $5.1B, up by 2% from the previous quarter and a boost of 4.9% YoY. Furthermore, operating income profit was reported to be $2.2B, showing substantial growth both quarterly (10.5%) and annually (8.6%). The EBITDA ratio for the last quarter stood at a healthy level of 0.43.

Stock Price & Technical Indicators

The stock is currently trading at $347.1, having experienced a decrease in value over the past month (-2.2%) as well as YoY (-33.4%). The RSI value stands at a moderate level of 46.14 indicating neither overbought nor oversold conditions while its PE ratio is at 22.36 which is relatively low compared to tech industry standards suggesting it might be undervalued.The stock's price is below its 200-day moving average ($404.35), indicating bearish momentum.

Alternative Data Signals

The company's website traffic shows mixed trends with monthly visitors increasing by about 3%, but showing an annual decline of -8%. Mobile app downloads are robust with approximately seventeen million daily downloads showcasing strong product usage and engagement levels.Adobe has seen an uptick in job openings recently (+10%), although this figure has decreased slightly on an annual basis (-11%). Employee sentiment towards business outlook appears positive overall despite slight declines in recent times.Social media followership across platforms shows a general upward trend, indicating a positive brand perception and increasing reach.

Conclusion

Despite the recent dip in stock price, Adobe's solid financial performance and strong alternative data signals suggest potential for growth. The company’s robust revenue generation, healthy profitability ratios, active hiring activity, positive employee sentiment and growing social media presence indicate underlying strength. However, the declining yearly website traffic and stock price trending below its 200-day moving average signal areas of concern. Overall, the analysis leans towards a neutral to slightly bullish outlook on Adobe's stock.

Note: This AI Stock Analysis is based on data as of September 16. Our members can refresh and get access to an up-to-date AI stock analysis.

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Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of Adobe (ADBE), currently trading at $357.5, will... Sign up to access price prediction.