Analysis Summary for Adobe Inc. Common Stock (ADBE)
Date of Analysis: September 5th, 2024
Time Target: An up-cycle composite arrives in November, after which, ADBE should sell off fast into its 7-year cycle bottom scheduled for March of 2026.
Price Target: $738 (+/- $5)
Projected Move: According to our mathematical work, Adobe must first reach a top in November around $738 and then sell off to $562 by March of 2026. We will have more precise time and price targets when we approach the down cycle arrival date. However, something important to take into account: if ADBE breaks below $552, it will go all the way down to $370.
In summary: ADBE tops in November around $738 and sells off fast within the next 18 months potentially by 35%-50%.
