Adobe - ADBE Stock Forecast, Price & News

Adobe Inc. operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform. Its flagship product is Creative Cloud, a subscription service that allows members to access its creative products. This segment serves content creators, workers, marketers, educators, enthusiasts, communicators, and consumers. The Digital Experience segment provides an integrated platform and set of applications and services that enable brands and businesses to create, manage, execute, measure, monetize, and optimize customer experiences from analytics to commerce. This segment serves marketers, advertisers, agencies, publishers, merchandisers, merchants, web analysts, data scientists, developers, and executives across the C-suite. The Publishing and Advertising segment offers products and services, such as e-learning solutions, technical document publishing, web conferencing, document and forms platform, web application development, and high-end printing, as well as Advertising Cloud offerings. The company offers its products and services directly to enterprise customers through its sales force and local field offices, as well as to end users through app stores and through its website at adobe.com. It also distributes products and services through a network of distributors, value-added resellers, systems integrators, software vendors and developers, retailers, and original equipment manufacturers. The company was formerly known as Adobe Systems Incorporated and changed its name to Adobe Inc. in October 2018. Adobe Inc. was founded in 1982 and is headquartered in San Jose, California.

Adobe Price Performance

Shares of ADBE opened at $439.03 on Friday. The firm has a market capitalization of $205.47 billion, a price-to-earnings ratio of 42.87, a price-to-earnings-growth ratio of 2.46 and a beta of 1.12. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.07 and a current ratio of 1.07. Adobe has a one year low of $338.00 and a one year high of $699.54. The stock's fifty day moving average is $395.06 and its 200-day moving average is $423.28.

Adobe (NASDAQ:ADBE - Get Rating) last released its earnings results on Thursday, June 16th. The software company reported $2.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.65 by $0.05. The firm had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.34 billion. Adobe had a return on equity of 36.70% and a net margin of 29.29%. During the same period in the previous year, the company earned $2.56 earnings per share. Equities analysts anticipate that Adobe will post 10.99 EPS for the current year.

Wall Street Analyst Weigh In

ADBE has been the subject of a number of recent analyst reports. StockNews.com downgraded shares of Adobe from a "buy" rating to a "hold" rating in a research report on Monday. Citigroup decreased their price target on shares of Adobe from $455.00 to $425.00 and set a "neutral" rating for the company in a research report on Tuesday, June 14th. Bank of America decreased their price target on shares of Adobe from $560.00 to $450.00 and set a "buy" rating for the company in a research report on Friday, June 17th. Robert W. Baird decreased their price target on shares of Adobe from $550.00 to $450.00 and set an "outperform" rating for the company in a research report on Friday, June 17th. Finally, Evercore ISI decreased their price target on shares of Adobe from $650.00 to $475.00 and set an "outperform" rating for the company in a research report on Friday, June 17th. Seven research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $489.31.

Insider Buying and Selling

In related news, CAO Mark S. Garfield sold 132 shares of Adobe stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $409.75, for a total transaction of $54,087.00. Following the transaction, the chief accounting officer now directly owns 2,465 shares of the company's stock, valued at $1,010,033.75. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CMO Ann Lewnes sold 794 shares of Adobe stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $400.00, for a total value of $317,600.00. Following the transaction, the chief marketing officer now owns 23,988 shares of the company's stock, valued at approximately $9,595,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Mark S. Garfield sold 132 shares of Adobe stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $409.75, for a total value of $54,087.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,465 shares in the company, valued at approximately $1,010,033.75. The disclosure for this sale can be found here. Insiders have sold a total of 3,637 shares of company stock valued at $1,438,682 over the last three months. Company insiders own 0.23% of the company's stock.