If you are wondering whether Adobe’s current share price makes sense, this article walks through how its value stacks up using several common methods.
At a recent closing price of US$293.25, Adobe’s share price reflects a 2.6% decline over the last 7 days and sits 12.0% lower over both the last 30 days and year to date, with a 33.0% decline over 1 year and a 22.7% decline over 3 years.
Over the past few years, Adobe has regularly been in the headlines for its role in creative software and digital experiences. This has kept investor attention on how markets are pricing its long term prospects. Broader sector sentiment and shifts in how investors view growth and risk in software have formed an important backdrop to these moves in Adobe’s…
