S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Americans Now Favor Gold Over Stocks as an Investment Vehicle (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Americans Now Favor Gold Over Stocks as an Investment Vehicle (Ad)
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
Americans Now Favor Gold Over Stocks as an Investment Vehicle (Ad)
China's manufacturing activity contracts for 5th straight month despite policy support
Stock market today: World stocks track Wall Street gains, Japan shares hit record high
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Americans Now Favor Gold Over Stocks as an Investment Vehicle (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Americans Now Favor Gold Over Stocks as an Investment Vehicle (Ad)
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
Americans Now Favor Gold Over Stocks as an Investment Vehicle (Ad)
China's manufacturing activity contracts for 5th straight month despite policy support
Stock market today: World stocks track Wall Street gains, Japan shares hit record high
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Americans Now Favor Gold Over Stocks as an Investment Vehicle (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Americans Now Favor Gold Over Stocks as an Investment Vehicle (Ad)
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
Americans Now Favor Gold Over Stocks as an Investment Vehicle (Ad)
China's manufacturing activity contracts for 5th straight month despite policy support
Stock market today: World stocks track Wall Street gains, Japan shares hit record high
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Americans Now Favor Gold Over Stocks as an Investment Vehicle (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Americans Now Favor Gold Over Stocks as an Investment Vehicle (Ad)
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
Americans Now Favor Gold Over Stocks as an Investment Vehicle (Ad)
China's manufacturing activity contracts for 5th straight month despite policy support
Stock market today: World stocks track Wall Street gains, Japan shares hit record high
NASDAQ:ADBE

Adobe (ADBE) Stock Price, News & Analysis

$560.28
+8.46 (+1.53%)
(As of 02/29/2024 ET)
Today's Range
$553.29
$561.94
50-Day Range
$537.57
$634.76
52-Week Range
$321.00
$638.25
Volume
3.84 million shs
Average Volume
3.37 million shs
Market Capitalization
$253.25 billion
P/E Ratio
47.44
Dividend Yield
N/A
Price Target
$613.14

Adobe MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
9.4% Upside
$613.14 Price Target
Short Interest
Healthy
1.11% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.55
Upright™ Environmental Score
News Sentiment
0.51mentions of Adobe in the last 14 days
Based on 30 Articles This Week
Insider Trading
Selling Shares
$26.43 M Sold Last Quarter
Proj. Earnings Growth
13.62%
From $14.46 to $16.43 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.

4.62 out of 5 stars

Computer And Technology Sector

56th out of 602 stocks

Prepackaged Software Industry

16th out of 206 stocks


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

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Here are four compelling reasons as to why investors can use the post-earnings sell-off as an opportunity to take a look at Twilio stock
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Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
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Americans Now Favor Gold Over Stocks as an Investment Vehicle
Americans now consider gold a better long-term investment than stocks for the first time since 2013. But physical gold requires storage and insurance, and gold mining stocks come with significant risks. Fortunately, investors have found a little-known way to benefit from gold that avoids many of these challenges.
OKTA's Q4 Earnings Beat Estimates, Revenues Increase Y/Y
ADBE Oct 2024 800.000 call
Adobe reveals a GenAI tool for music
ADBE Dec 2026 910.000 call
Stock Spotlight: 3 Picks ChatGPT Urges You Not to Miss
Adobe Inc ADR ADBE34
Adobe: Is OpenAI's Sora Changing The Game?
ADBE Mar 2024 542.500 call
ADBE Mar 2024 532.500 call
ADBE Mar 2024 537.500 call
ADBE Mar 2024 522.500 put
ADBE Mar 2024 635.000 put
ADBE Mar 2024 670.000 call
ADBE Aug 2024 530.000 put
ADBE Aug 2024 880.000 call
See More Headlines
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Company Calendar

Last Earnings
12/13/2023
Today
2/29/2024
Next Earnings (Confirmed)
3/14/2024
Fiscal Year End
11/30/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Application Software
Current Symbol
NASDAQ:ADBE
CUSIP
00724F10
Employees
29,945
Year Founded
1982

Price Target and Rating

Average Stock Price Target
$613.14
High Stock Price Target
$730.00
Low Stock Price Target
$350.00
Potential Upside/Downside
+9.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.70
Research Coverage
27 Analysts

Profitability

Net Income
$5.43 billion
Pretax Margin
35.03%

Debt

Sales & Book Value

Annual Sales
$19.41 billion
Cash Flow
$15.03 per share
Book Value
$36.28 per share

Miscellaneous

Free Float
450,915,000
Market Cap
$253.25 billion
Optionable
Optionable
Beta
1.34

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ADBE Stock Analysis - Frequently Asked Questions

Should I buy or sell Adobe stock right now?

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street 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?

27 equities research analysts have issued twelve-month target prices for Adobe's shares. Their ADBE share price targets range from $350.00 to $730.00. On average, they predict the company's share price to reach $613.14 in the next year. This suggests a possible upside of 9.4% 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 beginning of the year. Since then, ADBE shares have decreased by 6.1% and is now trading at $560.28.
View the best growth stocks for 2024 here
.

Are investors shorting Adobe?

Adobe saw a drop in short interest in the month of February. As of February 15th, there was short interest totaling 4,990,000 shares, a drop of 5.8% from the January 31st total of 5,300,000 shares. Based on an average daily volume of 3,150,000 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.1% 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, March 14th 2024.
View our ADBE earnings forecast
.

How can I listen to Adobe's earnings call?

Adobe will be holding an earnings conference call on Thursday, March 14th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Adobe's earnings last quarter?

Adobe Inc. (NASDAQ:ADBE) released its quarterly earnings results on Wednesday, December, 13th. The software company reported $4.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.13 by $0.14. The software company earned $5.05 billion during the quarter, compared to analysts' expectations of $5.01 billion. Adobe had a net margin of 27.97% and a trailing twelve-month return on equity of 38.30%. The business's revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.78 EPS.
Read the conference call transcript
.

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

Adobe updated its FY 2024 earnings guidance on Wednesday, December, 13th. The company provided earnings per share guidance of 17.600-18.000 for the period, compared to the consensus EPS estimate of 18.000. The company issued revenue guidance of $21.3 billion-$21.5 billion, compared to the consensus revenue estimate of $21.7 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 number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.91%), Price T Rowe Associates Inc. MD (1.44%), Primecap Management Co. CA (1.31%), Norges Bank (1.22%), Northern Trust Corp (1.12%) and Fisher Asset Management LLC (1.01%). Insiders that own company stock include Abhay Parasnis, Amy Banse, Ann Lewnes, Dana Rao, Daniel Durn, David A Ricks, David Wadhwani, Gloria Chen, John E Warnock, John E Warnock, John Francis Murphy, 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 3/1/2024 by MarketBeat.com Staff