Adobe Inc. Looks to Continue to Trade Above its Annual-High Share Price Today

July 23, 2021 10:50:03

Shares of Adobe Inc. (NASDAQ:ADBE) traded at a new 52-week high today of $628.50. Approximately 406,000 shares have changed hands today, as compared to an average 30-day volume of 2.2 million shares.

Adobe Inc. share prices have moved between a 52-week high of $628.50 and a 52-week low of $420.78 and are now trading 49% above that low price at $628.43 per share.

Adobe Inc. (NASDAQ:ADBE) is currently priced 6.8% above its average consensus analyst price target of $585.90.

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).

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