On September 14, 2023, Suneet Kamath, an analyst at Jefferies, decided to maintain Lincoln National (NYSE:LNC) with an Underperform rating. In a surprising move, Kamath also raised the price target from $18 to $19, indicating a slight improvement in his outlook for the company. This decision marks a significant shift from December 2022 when Jefferies downgraded Lincoln National to Underperform from Hold.
The downgrade was primarily driven by concerns surrounding the company’s near-term free cash flow generation, which had become increasingly uncertain at that time. It’s worth noting that the overall sentiment among analysts regarding Lincoln National remains relatively neutral, with the average rating being Hold.
Price targets for the company range from $18 to $32, according to a poll conducted by Capital IQ. Overall, these developments highlight the dynamic nature of the financial industry and the ever-changing assessments made by analysts. Investors will undoubtedly be closely monitoring Lincoln National’s performance in the coming months to gauge whether these revised ratings and price targets are justified. Adobe Inc.
ADBE Strong Buy Updated on: 15/09/2023 Financial Health Very Healthy Debt to equity ratio: Buy Price to earnings ratio: Strong Buy Price to book ratio: Strong Buy DCF: Strong Buy ROE: Neutral Show more Price Target Current $524.98 Concensus $459.40 Low $0.00 Median $450.00 High $0.00 Show more Social Sentiments We did not find social sentiment data for this stock Analyst Ratings Analyst / firm Rating Gregg Moskowitz Mizuho Securities Sell Matthew Swanson RBC Capital Buy Brad Sills Loop Capital Markets Buy Brent Thill Jefferies Buy Keith Weiss Morgan Stanley Sell Show more ADBE Stock Shows Stable Performance with Positive Earnings and Revenue Growth ADBE stock had a mixed performance on September 14, 2023.
The stock opened at $551.24, slightly lower than the previous close of $553.75. Throughout the day, the stock traded in a range of $544.50 to $554.99. The trading volume for the day was 113,497 shares, significantly lower than the average volume of 3,443,323 shares over the past three months. ADBE has a market capitalization of $255.4 billion.
The company has shown positive earnings growth over the past year, with a growth rate of 0.16%. This positive trend is expected to continue, as the earnings growth forecast for this year is 14.02% and the earnings growth forecast for the next five years is 15.00%. In terms of revenue growth, ADBE has also performed well, with a growth rate of 10.31% in the past year.
The price-to-earnings (P/E) ratio for ADBE is 52.7, which suggests that the stock may be relatively expensive compared to its earnings. However, the price-to-sales ratio of 9.23 and the price-to-book ratio of 18.42 indicate that the stock may still be considered attractive by investors. On September 14, 2023, ADBE stock had a relatively stable performance compared to its peers in the technology services sector.
ADBE only saw a small decrease of 0.02% in its stock price. This indicates that the stock was able to hold its ground despite the market conditions. Looking ahead, ADBE is expected to release its next earnings report on September 15, 2023. Analysts are forecasting earnings per share of $3.98 for the quarter.
The company reported annual revenue of $17.4 billion and a net profit of $4.8 billion in the last fiscal year. ADBE has a net profit margin of 27.29%, which indicates that the company is able to generate a significant profit from its revenue. ADBE operates in the packaged software industry and is headquartered in San Jose, California.
The company’s strong financial performance and market capitalization suggest that it is led by a capable management team. Overall, ADBE stock had a relatively stable performance on September 14, 2023. With positive earnings and revenue growth, as well as a strong market capitalization, ADBE continues to be an attractive investment option in the technology services sector. Adobe Inc (ADBE) Stock Forecast: Positive Outlook and Consensus Buy Rating for September 14, 2023 On September 14, 2023, Adobe Inc (ADBE) stock performed well, with a median target price forecast of $576.00.
The high estimate for the stock price is $660.00, while the low estimate is $428.00. According to CNN Money, 30 analysts have provided their 12-month price forecasts for Adobe Inc. The consensus among these analysts is to buy stock in Adobe Inc, a rating that has remained unchanged since September. Adobe Inc reported earnings per share of $3.98 for the current quarter, with sales amounting to $4.9 billion. Investors should take note of Adobe Inc’s upcoming reporting date, which is scheduled for September 15. Overall, the outlook for Adobe Inc stock on September 14, 2023, appears positive.
With a consensus buy rating from analysts and a projected increase in the stock price, investors may consider adding Adobe Inc to their portfolios. However, it is always important to conduct thorough research and consider personal investment goals before making any investment decisions.