Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. Actual performance may differ significantly from backtested performance. 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. Shares have advanced over 2% year-to-date.ĭisclaimer: The TipRanks Smart Score performance is based on backtested results. The average price target of $397.16 suggests 15% upside.
With 10 Buys and 13 Holds, Adobe scores Wall Street’s Moderate Buy consensus rating. What is the Price Target for Adobe Stock? The company had earlier stated that it expects the acquisition to close by the end of this year. Department of Justice, CMA, and European Commission in “productive discussions” about aspects related to the deal. Meanwhile, Adobe said that it would continue to engage with the U.S. Earlier this year, the European Commission stated that it would assess Adobe’s Figma acquisition, saying the transaction “threatens to significantly affect competition in the market for interactive product design and whiteboarding software.” Last week, CMA blocked Microsoft’s ( MSFT) acquisition of gaming company Activision Blizzard ( ATVI), citing concerns about its impact on the emerging cloud gaming space.ĬMA has set June 30 as the deadline for its phase 1 decision on the Adobe-Figma deal. and other countries are aggressively scrutinizing potential acquisitions by tech giants to ensure that they don’t thwart smaller rivals and impact competition. Adobe announced an agreement to acquire Figma in September 2022.
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Adobe ( NASDAQ:ADBE) stock declined over 6% on Wednesday, as U.K.’s antitrust regulator, Competition and Markets Authority (CMA), opened an inquiry into the creative and business software giant’s $20 billion proposed acquisition of design software company Figma.
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