U.S. Markets closed

Factors that Boosted the Market’s View of Adobe Stock

Anne Shields
Factors that Boosted the Market’s View of Adobe Stock

Amid the tech sector sell-off, Adobe (ADBE) that reached an all-time high of $231.34 per share in mid-March. As the chart below shows, Adobe hasn’t missed analysts’ revenue expectations in the last 14 quarters. On the EPS (earnings per share) front, Adobe’s performance has been excellent and hasn’t missed expectations in the last 14 quarters. The current optimistic market sentiment around Adobe stock stems from the company’s consistently improved performance and its record of meeting or exceeding analysts’ expectations.