Should You Follow Bullish Analysts Into Adobe Stock?
It's been a fantastic year for Adobe (NASDAQ: ADBE) shareholders. Considering its stock is up 75% in 2017, it would be logical to assume concerns regarding Adobe's relative value may give bullish analysts reason for rethinking their positive stance. As it turns out, nothing could be further from the truth.
There are currently 32 analysts that follow Adobe and none has a sell or the equivalent negative sentiment of an underweight rating on its stock. In fact, a mere eight rate Adobe a hold, with the balance all suggesting it's still a strong buy. The nearly across-the-board good tidings beg the question: Are they warranted?
Image source: Adobe.
Source: Fool.com
Adobe Inc. Stock
€499.80
1.990%
The stock is one of the favorites of our community with 60 Buy predictions and 2 Sell predictions.
With a target price of 589 € there is a slightly positive potential of 17.85% for Adobe Inc. compared to the current price of 499.8 €.
