Adobe Stock Price Forecast – ADBE at $354: Buy Signal with $500 Target
Adobe (NASDAQ:ADBE) Stock Analysis: Can $354 Hold Ahead of Q3 Earnings?
NASDAQ:ADBE Under Pressure with Shares at $354
Adobe Inc. (real-time chart) trades at $354, down nearly 38% from its 52-week high of $587.75, leaving the software leader with a $150.2 billion market cap. The stock has shed $100 billion in value since late 2023 as investors recalibrated expectations for generative AI monetization. The company faces a crucial earnings release on September 11, with Wall Street bracing for EPS of $5.18 and revenue of $5.9 billion.
Financial Performance and Margins Remain Solid
Trailing twelve-month revenue stands at $22.6 billion, up 10.6% year-over-year, with net income of $6.87 billion. Profit margins are strong at 30.4%, and…
