Adobe (Nasdaq:ADBE) Stock Price Trend Forecast and Market Analysis-2022.12.30
Adobe (Nasdaq:ADBE) stock price trend forecast and market analysis: 2022.12.30 From the stock chart analysis, the recent stock price has remained between $325-$350, short-term transactions is very good high sell low buying opportunity, buy price $325, stop loss price $320, target price of $340. The medium-term and long-term are temporarily lacking in trend and are not recommended for trading. From Analysis from financial statements,Revenue for the fourth quarter of fiscal 2022 was $4.53 billion, market estimates of $4.53 billion, YoY+10%, net income attributable to common shareholders of $1.176 billion, $1.273 billion a year earlier, EPS at $2.53, $2.57 a year earlier. R&D expenses were $773 million. Revenue growth has slowed, but its valuation cannot be calculated conservatively, and its special industry position can be further expanded through M&A transactions, and the focus is on performance guidance. The historical high of the stock price may have been formed, and the stock […]
Adobe (Nasdaq:ADBE) Stock Price Trend Forecast and Market Analysis-2022.12.30 Read Post »