Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Here's How Much Adobe Stock Is Expected to Move After Earnings
Key Takeaways
Get personalized, AI-powered answers built on 27+ years of trusted expertise.
ASK
Adobe is set to report earnings after the market closes Thursday, with traders anticipating a big move from the Photoshop maker’s stock following the results.
Based on current options pricing, traders expect Adobe (ADBE) stock could move up to 7% in either direction by the end of the week. A move of that size from Wednesday’s close could lift the stock close to $293, recovering some of its recent losses. The low end of that range could drag the stock below $255.
Adobe shares have lost about a fifth of their value since the year began, amid a broader pullback in software stocks on concerns about disruption from AI. Oppenheimer analysts downgraded Adobe’s stock in January, saying it exemplifies many of the major challenges facing the application software industry.
Why This Matters to Investors
Adobe and other software stocks have slumped to start this year amid worries about the impact of generative AI. Thursday’s report could offer Adobe an opportunity to address investors’ concerns.
Jefferies analysts warned ahead of the results that they don’t see many catalysts appearing in the near term, and that Adobe could continue to face pressure from growing competition.
Adobe is projected to report adjusted earnings per share of $5.87 on a 10% year-over-year jump in revenue to $6.28 billion for it fiscal first quarter, according to estimates collected by Visible Alpha.
Related Education
Guide to Selecting the Best Artificial Intelligence Stocks
How to Trade Options
Wall Street analysts are divided on the stock. Of the 12 analysts with current ratings tracked by Visible Alpha, just five recommend buying the shares, compared to four neutral and three “sell” ratings. Still, their average price target of $368 would suggest nearly 35% upside from Wednesday’s close.
Do you have a news tip for Investopedia reporters? Please email us at
[email protected]