Shares of Adobe Inc. (NASDAQ:ADBE) traded at a new 52-week high today of $611.39. So far today approximately 406,000 shares have been exchanged, as compared to an average 30-day volume of 2.2 million shares.
In the past 52 weeks, shares of Adobe Inc. have traded between a low of $416.29 and a high of $611.39 and is now at $611.13, which is 47% above that low price.
Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing and engaging with compelling content multiple operating systems, devices and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).
Adobe Inc. (NASDAQ:ADBE) is currently priced 7.5% above its average consensus analyst price target of $565.33.
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