Adobe Inc. (NASDAQ:ADBE) traded at a new 52-week high today of $621.50. Approximately 406,000 shares have changed hands today, as compared to an average 30-day volume of 2.2 million shares.
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 $575.07.
Over the past year, Adobe Inc. has traded in a range of $420.78 to $621.50 and is now at $621.50, 48% above that low.
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