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Adobe's stock hit a 52-week low, but Q1 earnings surpassed expectations, boosting a "Moderate Buy" rating.
Adobe's stock hit a 52-week low in early March, trading at $368.56.
Despite this, the company's earnings per share ($5.08) for the quarter ending March 12th surpassed analysts' expectations of $4.97.
Analysts have given Adobe a "Moderate Buy" rating with a target price of $531.54.
Institutional ownership in Adobe increased by 142.9% in the fourth quarter of 2020, and the company's market capitalization is $148.77 billion.
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Las acciones de Adobe alcanzaron un mínimo de 52 semanas, pero las ganancias del Q1 superaron las expectativas, aumentando la calificación de "Compra Moderada".