Adobe (ADBE) Stock Price, News & Analysis

$472.90
+6.01 (+1.29%)
(As of 04/23/2024 ET)
Today's Range
$467.84
$474.81
50-Day Range
$465.02
$604.66
52-Week Range
$331.89
$638.25
Volume
2.20 million shs
Average Volume
3.54 million shs
Market Capitalization
$211.86 billion
P/E Ratio
45.21
Dividend Yield
N/A
Price Target
$620.72

Adobe MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
31.3% Upside
$620.72 Price Target
Short Interest
Healthy
1.28% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.55
Upright™ Environmental Score
News Sentiment
0.61mentions of Adobe in the last 14 days
Based on 59 Articles This Week
Insider Trading
Selling Shares
$1.90 M Sold Last Quarter
Proj. Earnings Growth
12.99%
From $14.55 to $16.44 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.

4.86 out of 5 stars

Computer And Technology Sector

47th out of 591 stocks

Prepackaged Software Industry

13th out of 199 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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Adobe Photoshop Gets Huge AI Upgrade
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See More Headlines
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Company Calendar

Last Earnings
3/14/2024
Today
4/23/2024
Next Earnings (Estimated)
6/20/2024
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
$620.72
High Stock Price Target
$730.00
Low Stock Price Target
$445.00
Potential Upside/Downside
+32.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
27 Analysts

Profitability

Net Income
$5.43 billion
Pretax Margin
30.94%

Debt

Sales & Book Value

Annual Sales
$19.41 billion
Cash Flow
$14.95 per share
Book Value
$36.28 per share

Miscellaneous

Free Float
447,328,000
Market Cap
$210.20 billion
Optionable
Optionable
Beta
1.28

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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 stock price has shown consistent growth over the past year, indicating a positive trend for investors.
  • Adobe's strong presence in the digital media and experience segments positions it well to capitalize on the increasing demand for digital solutions.
  • Adobe's innovative products, such as the latest versions of Adobe Creative Cloud and Document Cloud, continue to attract a loyal customer base and drive revenue growth.
  • Adobe's strategic acquisitions, like the recent integration of Marketo into its offerings, enhance its capabilities and market competitiveness.
  • Adobe's consistent earnings performance and revenue growth demonstrate its financial stability and potential for long-term returns.

Cons

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

  • Adobe faces intense competition in the software industry, which could impact its market share and pricing power.
  • Adobe's reliance on subscription-based revenue models may lead to customer churn if competitors offer more attractive pricing or features.
  • Adobe's exposure to global economic conditions and currency fluctuations could pose risks to its financial performance and stock valuation.
  • Adobe's high valuation metrics compared to industry peers may limit potential upside for investors in the short term.
  • Adobe's dependency on technological advancements and rapid changes in consumer preferences may require continuous innovation to stay ahead in the market.
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, April 10, 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?

27 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street equities 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?

27 brokers have issued 1 year target prices for Adobe's stock. Their ADBE share price targets range from $445.00 to $730.00. On average, they predict the company's stock price to reach $620.72 in the next twelve months. This suggests a possible upside of 31.3% 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 stock has decreased by 20.7% and is now trading at $472.90.
View the best growth stocks for 2024 here
.

Are investors shorting Adobe?

Adobe saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 5,690,000 shares, an increase of 10.9% from the March 15th total of 5,130,000 shares. Based on an average trading volume of 3,680,000 shares, the short-interest ratio is currently 1.5 days. Approximately 1.3% of the shares of the stock are sold short.
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, June 20th 2024.
View our ADBE earnings forecast
.

How were Adobe's earnings last quarter?

Adobe Inc. (NASDAQ:ADBE) announced its earnings results on Thursday, March, 14th. The software company reported $4.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.38 by $0.10. The software company had revenue of $5.18 billion for the quarter, compared to analysts' expectations of $5.14 billion. Adobe had a trailing twelve-month return on equity of 39.12% and a net margin of 24.08%. The firm's revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.97 earnings per share.
Read the conference call transcript
.

How will Adobe's stock buyback program work?

Adobe declared that its board has approved a stock buyback program on Thursday, March 14th 2024, which allows the company to buyback $25,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 10.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

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

Adobe issued an update on its second quarter 2024 earnings guidance on Thursday, March, 14th. The company provided earnings per share (EPS) guidance of 4.350-4.400 for the period, compared to the consensus estimate of 4.380. The company issued revenue guidance of $5.3 billion-$5.3 billion, compared to the consensus revenue estimate of $5.3 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 institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.30%), Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (0.13%), Raymond James & Associates (0.12%), Los Angeles Capital Management LLC (0.08%), Congress Asset Management Co. MA (0.05%) and State of Michigan Retirement System (0.05%). 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, 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.
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This page (NASDAQ:ADBE) was last updated on 4/23/2024 by MarketBeat.com Staff

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