Another misleading analyst faux recommendation: "Sterne Agee aligned with the majority of covering brokerage firms this morning, weighing in on ADBE with a new "buy" rating on the stock...This optimism comes as no surprise, considering ADBE sports a 12-month gain of 52.5%. "
So, they say buy ADBE because the stock has gone up a lot recently. Any better way to say "market top" ?
ADBE declining revenue y-y and declining profit y-y rates a "buy". What kind of logic is that?
PE of 100, should be closer to 25 at best, which puts ADBE closer to $15 rather than $60. Sell.
According to the information posted on Fidelity Investments website, ADBE is not rated a buy.
The Fidelity ADBE Equity Summary Score is a very bearish 0.4.
ADBE up $1 today -- go figure. Can you say "manipulation". Down tomorrow? Please advise.
Jefferson Research (i) 79 Sell
Ford Equity Research (i) 70 Neutral
EVA Dimensions (i) 64 Sell
Thomson Reuters/Verus (i) 53 Sell
Zacks Investment Research, Inc (i) 43 Neutral
Columbine Capital Services Inc. (i) 39 Underperform
S&P Capital IQ (i) 38 Underperform
McLean Capital Management (i) 30 Neutral
GMI (i) 19 Neutral
Ned Davis Research (i) 16 Neutral
Heavy volume today. How many times do the stock analysts come out with some type of upgrade to give the stock a temporary pop for the Insiders to dump the shares? As the small print says ... "Analysts may receive compensation from XYZ company for services rendered".