Adobe stock: buy or sell

ADBE stock price: $523.25 2.47% At close on Apr 15th, 2021

Updated on:
Apr 16th, 2021

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Adobe stock brief

  • Adobe stock went up 2.47% to close at $523.25 on the stock market on Thursday.
  • Last Tuesday, it broke out above $506.92, a resistance not crossed since December 2020.
  • Last Tuesday broke out above its latest top at $506.51
  • Bank of America posted a strong positive rating for Adobe on Wednesday, forecasting $570.00
  • Adobe Inc. operates as a diversified software company worldwide.

Should I buy Adobe stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $ADBE stock a buy?

Currently, Adobe stock matches one trading strategy:

ATH buy setup

All-time Highs is always an excellent buy point for those who like to buy high and sell higher. The good point of buying at ATHs is that price doesn't have upper resistances, and usually it rises fast. However, there's the risk of a bulls trap that may trigger your buy order and then falls sharply. That's why a stop loss is so important. Price is now at 2.60% of all-time highs and it can breakout at any time, so if you want to trade this setup it's recommended to setup your order at $536.88. The stop loss would be ordered at $483.19

Buy setupBuy pointStop lossRisk
ATH buy setup$536.88$483.1910.00%

Should I sell Adobe stock?

Knowing when to sell a stock is even harder than knowing when to buy it. Just as when we have to buy shares, determining when is appropiate time to sell is not a fickle decision, and we must follow our own trading strategy. We like very simple strategies to guide us on when is a good time to sell a stock. Be aware that these strategies are not intended for selling short $ADBE stock

A guiding principle is that you should not mantain an operation that yields losses greater than those expected by the time of the buy. The moment to sell your stock should always be determined by the stop-loss (automatic or manual)

Is it time to sell Adobe stock?

Currently, Adobe stock doesn't match any of our preferred sell setups, so if you own Adobe shares and your operation is in profit probably is not time to sell now

Adobe ratings

In the last month, 8 ratings were published for Adobe. General sentiment is bullish, with 8 out of 8 posting optimistic forecasts

Adobe analysts' ratings - Last 30 days
Brokerage firmRating
Mar 24th, 2021
BMO Capital Markets Buy
JPMorgan Chase & Co. Buy
Morgan Stanley Buy
Mar 30th, 2021
BMO Capital Markets Buy
Morgan Stanley Buy
Apr 8th, 2021
Bank of America Strong buy
UBS Group Strong buy
Apr 14th, 2021
Bank of America Strong buy

Adobe stock analysis

Since the price bottomed at $420.78 in early March, the stock gained by 24.35%.

SMAs overview

ADBE stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $536.88 (2.60% above)
  • The current support levels are:

  • S1: $519.60 (-0.70% below)
  • S2: $506.92 (-3.12% below)
  • S3: $506.51 (-3.20% below)
  • Bollinger bands

    The price is trading very close to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a sell point, as price can move in these levels for many days and weeks

    ADBE stock Bollinger Bands chart

    Relative strength index

    Climbed over the overbought line Thursday, marking a value of 73.78. Breaking out above the overbought zone is not a sell signal, as stocks can be in the overbought zone for many weeks and continue to climb

    ADBE stock RSI chart

    Adobe stock price history

    Adobe IPO was on Aug 13th, 1986 at $0.00 per share1. Since then, ADBE stock has risen by -, with an average of 0.00% per year. If you had invested thousand dollars in Adobe stock on Aug 1986, it would have a value of $inf today.

    1: Adjusted price after possible price splits or reverse-splits

    ADBE stock price history chart

    Price target for Adobe stock

    Nobody can predict how much a stock will be priced tomorrow. Banks and financial organisations issue their analysis predicting how a stock will performance in the future.

    The following table shows the price predictions released by brokerage institutions in the last month. Again, these estimates are not direct recommendations for small investors and must not be followed blindly.

    Averaging all price targets exposed below, the predicted price for Adobe stock is $564.17. Adobe closed at $523.25 on Thursday, so the target price is expecting an increase by 7.82%.

    Adobe stock price predictions
    Brokerage firmPrice target
    Mar 24th, 2021
    BMO Capital Markets $570.00$535.00
    JPMorgan Chase & Co. $585.00$595.00
    Morgan Stanley $560.00$575.00
    Mar 30th, 2021
    BMO Capital Markets $570.00$535.00
    Morgan Stanley $560.00$575.00
    Apr 8th, 2021
    Bank of America Not available
    UBS Group Not available
    Apr 14th, 2021
    Bank of America $570.00

    Earnings and financials

    Adobe Inc. ($ADBE) released quarterly earnings of $3.14 per share in late March, upping the Market consensus estimate of $2.78 per share. This Q1 report means an earnings surprise of 12.95%. Estimated revenue for Q1 was $3.8 billion but Adobe slightly improved by 3.86%, reporting $3.9 billion.

    For comparison, the EPS for the same quarter last year was $2.27, so reported EPS is a increase of 38.33%. Sales skyrocketed a 26.33% on an annualized basis in the , from $30.9B to $39.1B last quarter.

    Adobe ($ADBE) is hosting the earnings call next June. Wall Street estimates of $2.81, compared to previous quarter that was $3.14.

    Adobe performance

    ADBE performance compared
    Company1m3m6m
    Adobe ($ADBE) 17.50% 10.80% 1.70%

    Please read:
    The opinions published in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this text does not know the particular circumstances of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are provided for informational purposes only

    Adobe summary

    Thursday, April 15th, 2021
    Open$515.67
    Close$523.25
    Day range$515.1 - $524.59
    Previous close$510.63
    Session gain2.47%
    Average true range$14.04
    50d mov avg$471.61
    100d mov avg$475.72
    200d mov avg$473.03
    Earnings dateJune 10th, 2021

    Frequently asked questions

    What is Adobe stock symbol?

    Adobe Inc. is a public company trading in the US stock market with the ADBE symbol

    Is Adobe stock a buy or sell?

    Adobe received 8 ratings in the last 30 days: 8 bullish, 0 bearish and 0 neutral.

    Will ADBE go up?

    Adobe had different price forecasts published by analysts in the last 4 weeks setting the target price to $564.17. That is a 7.82% than the last price ($523.25).