Adobe Inc. : Big comeback of buyers

03/17/2023 | 02:26am EDT

long trade Live

Entry price : 354.78$ | Target : 450$ | Stop-loss : 310$ | Potential : 26.84%

Shares in Adobe Inc. have recently benefitted from a regain of interest by market participants. The technical chart pattern suggests a continuation of the upward movement. Investors have an opportunity to buy the stock and target the $ 450.

Summary

• The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
• The company's Refinitiv ESG score, based on a ranking of the company relative to its industry, comes out particularly well.

Strengths

• The company's EBITDA/Sales ratio is relatively high and results in high margins before depreciation, amortization and taxes.

The group's activity appears highly profitable thanks to its outperforming net margins.

Thanks to a sound financial situation, the firm has significant leeway for investment.

Predictions on business development from analysts polled by Standard & Poor's are tight. This results from either a good visibility into core activities or accurate earnings releases.

Historically, the company has been releasing figures that are above expectations.

Weaknesses

• The company benefits from high valuations in earnings multiples.
• Based on current prices, the company has particularly high valuation levels.
• In relation to the value of its tangible assets, the company's valuation appears relatively high.
• For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.
• Over the past twelve months, analysts' opinions have been revised negatively.

Ratings chart

Subsector Application Software

1st jan. Capitalization (M$) Investor Rating ADOBE INC. 11.42% 171 948 WORKDAY INC. 13.81% 49 324 ROPER TECHNOLOGIES, INC. -0.58% 45 641 AUTODESK, INC. 7.14% 43 004 ELECTRONIC ARTS INC. -2.58% 32 641 ANSYS, INC. 30.68% 27 406 DATADOG, INC. -11.24% 20 870 PTC INC. 1.38% 14 393 TWILIO INC. 25.57% 11 514 GEN DIGITAL INC. -23.47% 10 482 XERO LIMITED 24.80% 8 745

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