Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. No representations and warranties are made as to the reasonableness of the assumptions. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading.
Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses.
The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. Further, Adobe stock offers investors 14.11% upside potential thanks to its average price target of $600.60.ĭisclaimer: The TipRanks Smart Score performance is based on backtested results. Adobe stock is currently consensus-rated as a Moderate Buy, supported by 19 Buy ratings, eight Holds, and one Sell. In general, though, analysts are strongly on Adobe’s side. However, Adobe is also bringing out new products for anyone who’s ever recorded audio, you’ll likely appreciate Adobe Premiere Pro’s ability to automatically remove “um” sounds and background noise. Davidson noted a point less friendly to Adobe: its share price already reflects a lot of its upside potential already in place. Analysts encourage investors-and Adobe itself by extension-to consider the “multi-year meaningful generative AI opportunity.” Indeed, the Adobe Firefly lineup recently hit shelves, and customers are buying in. Further, Adobe’s fourth-quarter outlook looked conservative to many analysts as well. That prompted some analysts to believe that expectations were simply too high to begin with. Both revenue and earnings came in over the line and better yet, Adobe’s sales were actually 10.4% higher than it was in the third quarter of 2022. The immediate good news was that Adobe beat estimates all around with its earnings. So let’s take a closer look at what happened. There was some negative news to emerge around Adobe, but not necessarily the kind that prompts that kind of slip.
Adobe premiere trial still usable software#
Software maker Adobe ( NASDAQ:ADBE) slid nearly 5% in Friday afternoon’s trading, despite some solid results from its third quarter and some equally positive commentary from analysts.
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