Adobe Stock Rises 1.06% with 78th Trading Volume Rank Outperforming Major Indices but Lagging Tech Sector Gains

Adobe (ADBE) closed at $361.03 on August 19, rising 1.06% with a trading volume of 1.01B, ranking 78th in the market. The stock outperformed the S&P 500’s 0.59% decline and the Nasdaq’s 1.46% drop, though it lagged the broader tech sector’s monthly gains. Analysts highlight the upcoming September 11 earnings report, with projected EPS of $5.17 and revenue of $5.9B, reflecting year-over-year growth of 11.18% and 9.01%, respectively.

Valuation metrics suggest Adobe is undervalued relative to peers. Its Forward P/E ratio of 17.31 is below the industry average of 26.93, while a PEG ratio of 1.39 indicates earnings growth expectations are moderately priced. The Computer - Software industry, ranked 82 by Zacks (top 34% of industries), benefits from Adobe’s inclusion, though the stock currently holds a “Hold” rating amid stagnant near-term EPS estimates.

A recent Melius Research downgrade to “Sell” contrasts with broader analyst optimism. Despite a 2.84% monthly decline, Adobe’s full-year guidance projects $20.63 in EPS and $23.55B in revenue, signaling 12% and 9.49% growth, respectively. The stock’s resilience against market downturns is tempered by a maximum drawdown of -29.16% in historical backtests, though a Sharpe ratio of 0.94 underscores its risk-adjusted returns.