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.
5 days ago
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