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NASDAQ:ADBE

Adobe (ADBE) Stock Price, News & Analysis

→ [Urgent] Protect your money before November (From Weiss Ratings) (Ad)
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$522.25
+3.51 (+0.68%)
(As of 06/18/2024 ET)
Compare
Today's Range
$513.13
▼
$530.37
50-Day Range
$439.02
▼
$525.31
52-Week Range
$433.97
▼
$638.25
Volume
4.23 million shs
Average Volume
3.54 million shs
Market Capitalization
$233.97 billion
P/E Ratio
46.92
Dividend Yield
N/A
Price Target
$607.67
Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends

Adobe MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
16.4% Upside
$607.67 Price Target
Short Interest
Healthy
1.59% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.55
Upright™ Environmental Score
News Sentiment
0.58mentions of Adobe in the last 14 days
Based on 124 Articles This Week
Insider Trading
Selling Shares
$1.56 M Sold Last Quarter
Proj. Earnings Growth
13.40%
From $14.55 to $16.50 Per Share

Overall MarketRank™

New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.81 out of 5 stars

Computer And Technology Sector

32nd out of 585 stocks

Prepackaged Software Industry

13th out of 198 stocks

See Top Rated MarketRank™ Stocks Here
ADBE stock logo

About Adobe Stock (NASDAQ:ADBE)

Adobe Inc. is a leading global software company specializing in creating, publishing and distributing digital content, including graphics, illustration, photography, multimedia/video, animation, motion pictures and print. Founded in December 1982 by John Warnock and Charles Geschke, Adobe has become one of the world's largest and most influential software companies. Headquartered in San Jose, California, the company employs more than 26,000 people across the globe.

Adobe's products include Adobe Acrobat Reader and the Portable Document Format (PDF), Adobe Photoshop image editing software,  Adobe Illustrator vector-based illustration software and a range of tools primarily for audio-visual content creation, editing and publishing. Its Creative Cloud subscription service allows members to access the latest versions of its innovative products. 

At the same time, its digital experience segment provides solutions and services for digital advertising, marketing, analytics, social marketing, targeting, media optimization, digital experience management and cross-channel campaign management. Adobe also offers legacy products and services for eLearning solutions, technical document publishing, web application development and high-end printing.

Adobe's commitment to innovation has earned it numerous recognitions and awards, including being named one of the "100 Best Companies to Work for" by Fortune since 2000, one of the "Best Places to Work" by Glassdoor and one of Fast Company's "Brands that Matter." The company has also been featured in Maclean's magazine as one of Canada's Top 100 Employers and received a five-star rating from the Electronic Frontier Foundation concerning its handling of government data requests in 2017.

Adobe has also been the subject of criticism. Consumers have been critical of its pricing practices, with retail prices increasing to twice as much in non-U.S. countries. Its Reader and Flash programs list as some of the most-hated programs of all time, and hackers have exploited vulnerabilities in Adobe programs to gain unauthorized computer access. Consumers also criticize Adobe for pushing unwanted software and handling government data requests.

However, Adobe has continued to push the boundaries and innovate with acquisitions such as Magento Commerce, Marketo, Allegorithmic, Workfront, Frame.io and Figma. In addition, the company has added payment services to its e-commerce platform and imposed a ban on the political ads features on its digital advert sales platform as the United States presidential elections approached in 2020. With its dedication to helping customers create compelling content and experiences, Adobe will remain a key player in the software industry for the foreseeable future.

ADBE Stock Price History

ADBE Stock News Headlines

Adobe Inc. logo is displayed on a smartphone screen
June 17 at 7:00 AM | marketbeat.com
Adobe Stock Joined the A.I. Upswing with Impressive Gains
Once threatened by the advancements in artificial intelligence (AI), shares of Adobe Inc. NASDAQ: ADBE  are now having their best day in over four years, all because of AI. The stock is now rallying by over 15% on the company's most recent quarterly earnings results, primarily driven by some trends that have driven the technology sector higher this year.
Adobe Inc. logo is displayed on a smartphone screen
June 17 at 7:00 AM | marketbeat.com
Adobe Stock Joined the A.I. Upswing with Impressive Gains (ADBE)
Adobe stock has already rallied by double-digits after reporting its quarterly earnings, but analysts think it could go for another double-digit run soon
June 19, 2024 | Weiss Ratings (Ad)
[Urgent] Protect your money before November
Those who listened to his warnings could have kept their money safe and even made substantial profits during each crisis. In fact, the Wall Street Journal reported that his work was more accurate … and more profitable than that of … Deutsche Bank … Merrill Lynch … JPMorgan Chase … Goldman Sachs … and every other firm reviewed.
Adobe logo on smartphone screen with stock market background
June 14, 2024 | marketbeat.com
Adobe Stock: It's Not Too Late To Buy The Dip
The price correction in Adobe NASDAQ: ADBE stock experienced over the past two quarters was not unwarranted. The company's AI prospects aside, the results were solid but failed to show the boost seen in other prominent AI players, including NVIDIA NASDAQ: NVDA, Micron NASDAQ: MU, Microsoft NASDAQ: MSFT, Meta NASDAQ: META, Alphabet NASDAQ: GOOGL and Oracle NYSE: ORCL.
Adobe logo on smartphone screen with stock market background
June 14, 2024 | marketbeat.com
Adobe Stock: It’s Not Too Late To Buy The Dip
Adobe had a great quarter and raised guidance. The analysts are raising their price targets and leading the market to a new all-time high; a 35% upside.
Autodesk logo displayed on building
June 12, 2024 | marketbeat.com
Autodesk's Quarterly Results Could Drive It Back to Recent Highs (ADBE)
Autodesk stock is looking to come back to its recent highs after a strong set of quarterly financial results, Wall Street analysts think it could rally to $320
Autodesk logo displayed on a smartphone
June 10, 2024 | marketbeat.com
Autodesk Raises Guidance After Clearing Audit Investigation (ADBE)
Autodesk Inc. (NASDAQ: ADSK) is a leading provider of 3D design, engineering, and entertainment technology solutions. It's widely known for its CAD
DocuSign docusign.net company website with logo close up
June 3, 2024 | marketbeat.com
DocuSign: Can AI Move the Needle in Fiscal 2025? (ADBE)
DocuSign Inc. (NASDAQ: DOCU) provides electronic signature and contract lifecycle management (LCM) services. Shares hit highs of $314.70 in 2021 as business
June 19, 2024 | Weiss Ratings (Ad)
[Urgent] Protect your money before November
Those who listened to his warnings could have kept their money safe and even made substantial profits during each crisis. In fact, the Wall Street Journal reported that his work was more accurate … and more profitable than that of … Deutsche Bank … Merrill Lynch … JPMorgan Chase … Goldman Sachs … and every other firm reviewed.
Adobe logo on signpost at Adobe Inc headquarters
June 3, 2024 | marketbeat.com
3 Companies Buying Back Stock Before a Rally
Who is better to judge the actual intrinsic value of a stock than the insiders themselves? When the word insider is used here, it relates specifically to management in charge of a business's financials and capital planning.
Adobe logo on signpost at Adobe Inc headquarters
June 3, 2024 | marketbeat.com
3 Companies Buying Back Stock Before a Rally (ADBE)
These companies are looking cheap enough for management to buy them, as these stock buyback announcements suggest that analyst double-digit upside is right
Buenos Aires, Argentina; September 12th, 2023: Nvidia logo in three dimensions isolated on dark background. 3d illustration.
May 28, 2024 | marketbeat.com
NVIDIA’s Rally is Far From Over, Neither is Volatility (ADBE)
NVIDIA had another mind-bending quarter that included raised guidance, a 150% dividend increase, and a 10:1 stock split effective in June.
June 19 at 2:18 AM | americanbankingnews.com
Adobe (NASDAQ:ADBE) PT Raised to $660.00
June 18 at 9:04 PM | cnet.com
US Government Sues Adobe Over 'Convoluted' Cancellation Process
June 18 at 4:02 PM | benzinga.com
Adobe Reliance on International Sales: What Investors Need to Know
June 18 at 8:00 AM | fool.com
Adobe's Artificial Intelligence (AI) Investments Are Paying Off, but Is the Growth Stock a Buy Now?
June 18 at 5:30 AM | businessinsider.com
Adobe is having a terrible month
June 18 at 4:15 AM | fool.com
My Top Artificial Intelligence (AI) Stock to Buy Now (and It's Not Nvidia)
June 18 at 1:22 AM | americanbankingnews.com
Adobe Inc. Expected to Earn Q3 2024 Earnings of $3.67 Per Share (NASDAQ:ADBE)
June 17 at 10:01 PM | marketwatch.com
Adobe sued by U.S. regulators for making it too hard to cancel subscriptions
June 17 at 8:05 PM | insidermonkey.com
Why are Hedge Funds Impressed by Adobe Inc. (ADBE) Right Now?
June 17 at 4:21 PM | pymnts.com
FTC Alleges Adobe Deters Subscription Cancellations, Hides Early Termination Fee
June 17 at 2:34 PM | nytimes.com
U.S. Sues Adobe Over Hard-to-Cancel Subscriptions
June 17 at 1:08 PM | techcrunch.com
US sues Adobe for hiding termination fees and making it difficult to cancel subscriptions
June 17 at 12:38 PM | proactiveinvestors.com
Adobe sued by US government over subscription plan disclosures
June 17 at 12:38 PM | proactiveinvestors.com
Adobe sued by US government over subscription plan disclosures
June 17 at 12:11 PM | nypost.com
Feds sue Photoshop owner Adobe over subscription plans, hefty termination fees
See More Headlines
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Company Calendar

Last Earnings
6/13/2024
Today
6/18/2024
Next Earnings (Estimated)
9/12/2024
Fiscal Year End
11/30/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Sector
Computer and Technology
Industry
Prepackaged software
Sub-Industry
Application Software
Current Symbol
NASDAQ:ADBE
CUSIP
00724F10
CIK
796343
Web
www.adobe.com
Phone
(408) 536-6000
Fax
408-537-6000
Employees
29,945
Year Founded
1982

Price Target and Rating

Average Stock Price Target
$607.67
High Stock Price Target
$730.00
Low Stock Price Target
$450.00
Potential Upside/Downside
+16.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
30 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$11.13
Trailing P/E Ratio
46.92
Forward P/E Ratio
35.89
P/E Growth
2.84
Net Income
$5.43 billion
Net Margins
24.86%
Pretax Margin
31.57%
Return on Equity
40.67%
Return on Assets
21.64%

Debt

Debt-to-Equity Ratio
0.28
Current Ratio
1.16
Quick Ratio
1.05

Sales & Book Value

Annual Sales
$19.41 billion
Price / Sales
12.05
Cash Flow
$14.73 per share
Price / Cash Flow
35.45
Book Value
$36.28 per share
Price / Book
14.39

Miscellaneous

Outstanding Shares
448,000,000
Free Float
447,328,000
Market Cap
$233.97 billion
Optionable
Optionable
Beta
1.27

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Should I Buy Adobe Stock? ADBE Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Adobe:

  • Adobe's strong financial performance in recent quarters, with consistent revenue growth and profitability, making it a stable investment option.
  • The continuous innovation and updates in Adobe's Creative Cloud suite, including the latest versions like Adobe Photoshop 2022 and Adobe Illustrator 2022, ensuring relevance and competitiveness in the market.
  • Adobe's expanding presence in the digital experience and e-commerce space, with solutions like Adobe Experience Cloud, catering to the growing demand for online business tools.
  • Positive analyst recommendations and target price upgrades, indicating a favorable outlook for Adobe's stock performance in the near future.
  • Adobe's current stock price trading at a reasonable valuation compared to its industry peers, presenting a potential opportunity for value investors.

Cons

Investors should be bearish about investing in Adobe for these reasons:

  • Market competition intensifying in the software industry, posing challenges to Adobe's market share and pricing power.
  • Potential impact of economic downturns or global uncertainties on Adobe's business operations and revenue streams, leading to volatility in stock performance.
  • Risks associated with cybersecurity threats and data breaches, which could harm Adobe's reputation and financial standing.
  • Dependency on subscription-based revenue models, making Adobe susceptible to customer churn or pricing pressure in a competitive market environment.
  • Regulatory changes or legal issues affecting Adobe's operations, leading to compliance costs and potential disruptions in business activities.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, May 29, 2024. Please send any questions or comments about these Adobe pros and cons to contact@marketbeat.com.

ADBE Stock Analysis - Frequently Asked Questions

Should I buy or sell Adobe stock right now?

30 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last twelve months. There are currently 2 sell ratings, 7 hold ratings and 21 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ADBE shares.
View ADBE analyst ratings or view top-rated stocks.

What is Adobe's stock price target for 2024?

30 brokers have issued 1-year price targets for Adobe's stock. Their ADBE share price targets range from $450.00 to $730.00. On average, they expect the company's stock price to reach $607.67 in the next year. This suggests a possible upside of 16.4% from the stock's current price.
View analysts price targets for ADBE or view top-rated stocks among Wall Street analysts.

How have ADBE shares performed in 2024?

Adobe's stock was trading at $596.60 at the start of the year. Since then, ADBE stock has decreased by 12.5% and is now trading at $522.25.
View the best growth stocks for 2024 here.

Are investors shorting Adobe?

Adobe saw a drop in short interest in the month of May. As of May 31st, there was short interest totaling 7,080,000 shares, a drop of 11.6% from the May 15th total of 8,010,000 shares. Based on an average trading volume of 3,540,000 shares, the days-to-cover ratio is currently 2.0 days. Currently, 1.6% of the company's shares are short sold.
View Adobe's Short Interest.

When is Adobe's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, September 12th 2024.
View our ADBE earnings forecast.

How were Adobe's earnings last quarter?

Adobe Inc. (NASDAQ:ADBE) issued its quarterly earnings data on Thursday, June, 13th. The software company reported $4.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.39 by $0.09. The software company earned $5.31 billion during the quarter, compared to analyst estimates of $5.29 billion. Adobe had a trailing twelve-month return on equity of 40.67% and a net margin of 24.86%. The business's quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the business earned $3.04 earnings per share.
Read the conference call transcript.

What ETFs hold Adobe's stock?

ETFs with the largest weight of Adobe (NASDAQ:ADBE) stock in their portfolio include iShares Expanded Tech-Software Sector ETF (IGV), Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares (SWAR), Invesco Dynamic Software ETF (PSJ), Invesco Next Gen Media and Gaming ETF (PBS), Invesco AI and Next Gen Software ETF (IGPT), Invesco Next Gen Media and Gaming ETF (GGME), MicroSectors FANG & Innovation 3x Leveraged ETN (BULZ) and MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ).

How will Adobe's stock buyback program work?

Adobe announced that its board has approved a stock repurchase plan on Thursday, March 14th 2024, which allows the company to repurchase $25,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 10.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its stock is undervalued.

What guidance has Adobe issued on next quarter's earnings?

Adobe updated its third quarter 2024 earnings guidance on Thursday, June, 13th. The company provided earnings per share (EPS) guidance of 4.500-4.550 for the period, compared to the consensus estimate of 4.170. The company issued revenue guidance of $5.3 billion-$5.4 billion, compared to the consensus revenue estimate of $5.0 billion.

What is Shantanu Narayen's approval rating as Adobe's CEO?

989 employees have rated Adobe Chief Executive Officer Shantanu Narayen on Glassdoor.com. Shantanu Narayen has an approval rating of 97% among the company's employees. This puts Shantanu Narayen in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Adobe own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Adobe investors own include NVIDIA (NVDA), Alibaba Group (BABA), Netflix (NFLX), Salesforce (CRM), PayPal (PYPL), Mastercard (MA), Walt Disney (DIS), Tesla (TSLA), Visa (V) and Advanced Micro Devices (AMD).

Who are Adobe's major shareholders?

Adobe's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.07%), Price T Rowe Associates Inc. MD (1.71%), Bank of New York Mellon Corp (1.39%), Jennison Associates LLC (0.79%), Capital Research Global Investors (0.72%) and Janus Henderson Group PLC (0.54%). Insiders that own company stock include Abhay Parasnis, Amy Banse, Anil Chakravarthy, Ann Lewnes, Dana Rao, Daniel Durn, David A Ricks, David Wadhwani, Gloria Chen, John E Warnock, John E Warnock, Mark S Garfield, Marshall Kiev, Scott Belsky and Shantanu Narayen.
View institutional ownership trends.

How do I buy shares of Adobe?

Shares of ADBE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Adobe have any subsidiaries?
The following companies are subsidiares of Adobe: X.commerce Inc., Accelio Corporation, Adobe Assets LLC, Adobe Canada Services Corporation, Adobe Colombia SAS, Adobe Commerce, Adobe Development ARM LLC, Adobe KK, Adobe Labs Inc., Adobe Research (Schweiz) AG, Adobe Software (Shanghai) Company Limited, Adobe Software Trading Company Limited, Adobe Systems (Schweiz) GmbH, Adobe Systems Belgium BV, Adobe Systems Benelux B.V., Adobe Systems Brasil Limitada, Adobe Systems Canada Inc., Adobe Systems Danmark ApS, Adobe Systems Engineering GmbH, Adobe Systems Europe Limited., Adobe Systems Federal LLC, Adobe Systems France SAS, Adobe Systems GmbH, Adobe Systems Hong Kong Limited, Adobe Systems Iberica SL, Adobe Systems India Private Limited, Adobe Systems Israel Ltd., Adobe Systems Italia SRL, Adobe Systems Korea Ltd., Adobe Systems New Zealand Limited., Adobe Systems Nordic AB, Adobe Systems Norge AS, Adobe Systems Pte. Ltd., Adobe Systems Pty Ltd., Adobe Systems Romania SRL, Adobe Systems Software (Beijing) Co. Ltd., Adobe Systems Software Chile Limitada, Adobe Systems Software Ireland Limited, Adobe Systems South Africa Proprietary Limited, Adobe Systems s.r.o., Adobe Technologies International S.L., Aldus Corp, Allegorithmic, Allegorithmic SAS, Amicima, Antepo, Ares Software, Auditude, Aviary, Behance, BluePoint Technologies, Business Catalyst, Business Catalyst Systems Pty Ltd., ContentCal, Day Software, Demdex, DigiDox, Digital Analytix, Efficient Frontier, Emerald City Software, Fotiva, Fotolia, Fotolia Dutch Holding LLC, Fotolia LLC, Fotolia Netherlands Cooperatief U.A., Frame Technology, Frame.io, Frame.io Inc., GoLive Systems, GoodBarry, HyWay Ferranti, ICS “Adobe Systems” S.R.L., IRIDAS, Ideacodes, InterAKT, KyleBrush.com, LLC "X.Commerce Development Center", Livefyre, Macromedia, Magento Commerce Design, Magento Commerce International Limited, MagentoTech Inc., MagentoTech LLC, Marketo, Marketo Canada Corporation, Marketo EMEA Limited, Marketo Inc., Marketo Solutions Ltd., Milestone Holdco LLC, Milestone Intermediate Holdings Inc., Milestone Topco Inc., Mixamo, Navisware, Neolane, Nitobi Software, OCR Systems, OKYZ, Oculus Medium, Omniture, Photoshop, Pixmantec, Q-Link Technologies, Sandcastle, Sayspring, Scene7, Serious Magic, Syntrillium Software, ToutApp Inc., Trade and Technologies France, TubeMogul, TubeMogul Inc., Typekit, Uru, Virtual Ubiquity, Workfront, Workfront Inc., Workfront Ltd, YaWah, and eSign Services.
Read More
This page (NASDAQ:ADBE) was last updated on 6/19/2024 by MarketBeat.com Staff

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