Adobe Inc. (ADBE) has been making headlines with varied predictions about its stock price for the years 2024, 2025, and 2030. Despite some reports portraying ADBE as one of the worst performing blue-chip stocks in 2024, the expert consensus from brokerages is a 'Moderate Buy'. The stocks demonstrate fluctuations, with shares trading both up and down. Insiders are reportedly selling ADBE amid revenue misses and AI uncertainty. Sigma Investment Counselors Inc., Bellecapital International Ltd., and Commerzbank Aktiengesellschaft FI have increased their positions, while Private Advisor Group LLC has sold shares. Discussions around ADBE show attraction and access for foreign investors, with potential as one of the best stocks for QQQ, NASDAQ, and Cloud stock portfolios. AI innovations and hedge fund support have also been emphasized. Even with a slight dip, ADBE's stock is considered a good investment opportunity and holds high consensus ROE, according to Goldman Sachs. Concerns exist due to disappointing outlook and underwhelming revenue in the face of AI boom. Despite the uncertainties, many are still bullish about ADBE, with a predicted price target of $660 by Morgan Stanley after 100+ new Creative Cloud features were revealed.
Adobe Stocks ADBE News Analytics from Tue, 14 May 2024 07:00:00 GMT to Sat, 26 Oct 2024 10:39:29 GMT -
Rating -1
- Innovation 2
- Information 5
- Rumor 1
