Analysts say Adobe is cheap

It seems Adobe's stock trades with a discount. Most of the analysts mean the stock is cheap at this level. Currently the company is being followed by 13 analysts. The recommendations for the stock contain no sells, 1 times hold and no buys. The average of the actual target prices for the stock equals 294,46 USD. This is at around 20 percent more than the current price of 247,51 USD. The most recent recommendations for the software & services company are from Morgan Stanley, Nomura Securities and Barclays.

Much diversity estimates Adobe

stock price

Based on the current number of outstanding shares Adobe's market capitalization 121,59 billion USD. The Adobe stock was the past 12 months quite volatile. Since last January the stock is even 26 percent higher. This year the stock price moved between 179 and 278 dollar. Since 2008 the stock price is almost 1081 percent higher.

Historical stock prices Adobe

stock adobe

On Friday the stock closed at 247,51 USD.

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