ADBE241213C500000
- 0.24
- -53.56-99.55%
Adobe Newsroom
The major firm Bank of America Securities lowered the Target Price for Adobe (ADBE.US) to $605, and the outlook is disappointing.
Bank of America Securities released a research report indicating that Adobe (ADBE.US) has mixed results for Q4 performance and outlook. During this period, the new digital media annual recurring revenue reached $0.572 billion, exceeding the company's guidance by $22 million, but underperforming compared to Q3. Furthermore, the group's guidance for total revenue and digital media business revenue growth for FY2025 is approximately 9% and 10% respectively, which is lower than the bank's expected 11%. Additionally, Bank of America Securities pointed out that Adobe's profit outlook is disappointing, with the group's profit margin guidance for FY2025 at 46%, below the bank's forecast of 46.9%. However,
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Inflation unexpectedly accelerates! In November, the USA PPI month-on-month growth rate reached the highest increase since June; AI transformation faces challenges! Adobe's performance forecast fell short of expectations, dropping more than 13% after the earnings report.
The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
Top 20 by transaction volume | Performance guidance fell short of expectations, Adobe dropped nearly 14%; MicroStrategy fell over 4%.
On Thursday, the top stock by trading volume in the U.S. market was Tesla, which closed down 1.57% with a trading volume of 36.778 billion USD; the second was NVIDIA, which closed down 1.41% with a trading volume of 21.623 billion USD; the eleventh was UnitedHealth Group, which closed down 3.33% with a trading volume of 4.899 billion USD.
U.S. stock market close: The Nasdaq has fallen from historic Top Reversal, while the Dow has declined for the sixth consecutive day.
① The Nasdaq China Golden Dragon Index rose by 0.18%, with China Concept Stocks showing mixed performance; ② Google is collaborating with Samsung to develop a headset device, with the first product expected to be launched next year; ③ Apple is reportedly set to start producing a key wireless chip currently supplied by Broadcom next year; ④ Adobe fell nearly 14%, as the company's full-year performance guidance was below expectations.
Adobe Options Spot-On: On December 12th, 305.88K Contracts Were Traded, With 406.01K Open Interest
On December 12th ET, $Adobe(ADBE.US)$ had active options trading, with a total trading volume of 305.88K options for the day, of which put options accounted for 46.07% of the total transactions, and
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The Dow dropped 234 points again, marking six consecutive declines, while the Nasdaq fell by 0.7% and Adobe plummeted nearly 14%.
In November, the PPI in the USA rose by 0.4%, exceeding expectations, while initial unemployment claims unexpectedly increased last week. The three major US stock indexes were soft on Thursday, with the Dow Jones repeatedly falling, closing down 234 points or 0.5% at 43,914 points, marking a decline for six consecutive trading days; the Nasdaq, which first closed above 0.02 million points yesterday, saw a Top Reversal, closing near its low for the day. The S&P 500 Index closed down 32 points or 0.5% at 6,051 points; the Nasdaq closed down 132 points or nearly 0.7% at 19,902 points. Technology stocks generally weakened, including Tesla (TSLA.US) and Alphabet (GOOG), which had a strong trend in recent days.
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