ADBE has recent pulled back to the levels where it becomes a buy and strong buy. Fundamentally the stock is valued at 650-700 levels, hence the majority of analysts median is at 640-650.Technical analysis shows that we are at important fib-level with 475 being a strong support level.
We may observe a rapid upside by next earnings, which was the case in previous 30-45 days pre-earning period.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.