NASDAQ:ADBE

Adobe Stock Forecast, Price & News

$618.28
-2.52 (-0.41 %)
(As of 07/27/2021 12:00 AM ET)
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Today's Range
$610.64
$623.92
50-Day Range
$480.47
$625.87
52-Week Range
$420.78
$631.64
Volume1.53 million shs
Average Volume2.40 million shs
Market Capitalization$294.55 billion
P/E Ratio53.58
Dividend YieldN/A
Beta0.95
30 days | 90 days | 365 days | Advanced Chart
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Adobe logo

About Adobe

Adobe, Inc. engages in the provision of digital marketing and media solutions. It operates through the following segments: Digital Media, Digital Experience, and Publishing. The Digital Media segment offers creative cloud services, which allow members to download and install the latest versions of products, such as Adobe Photoshop, Adobe Illustrator, Adobe Premiere Pro, Adobe Photoshop Light room and Adobe InDesign, as well as utilize other tools, such as Adobe Acrobat. The Digital Experience segment provides solutions, including analytics, social marketing, targeting, media optimization, digital experience management, and cross-channel campaign management, as well as premium video delivery and monetization. The Publishing segment includes legacy products and services for eLearning solutions, technical document publishing, web application development, and high-end printing. The company was founded by Charles M. Geschke and John E. Warnock in December 1982 and is headquartered in San Jose, CA.

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MarketRank

Overall MarketRank

1.81 out of 5 stars

Computer And Technology Sector

278th out of 1,651 stocks

Prepackaged Software Industry

69th out of 341 stocks

Analyst Opinion: 2.4Community Rank: 3.7Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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Adobe (NASDAQ:ADBE) Frequently Asked Questions

Is Adobe a buy right now?

26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last year. There are currently 4 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Adobe stock.
View analyst ratings for Adobe
or view top-rated stocks.

What stocks does MarketBeat like better than Adobe?

Wall Street analysts have given Adobe a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Adobe wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Adobe's next earnings date?

Adobe is scheduled to release its next quarterly earnings announcement on Tuesday, September 21st 2021.
View our earnings forecast for Adobe
.

How were Adobe's earnings last quarter?

Adobe Inc. (NASDAQ:ADBE) posted its quarterly earnings data on Wednesday, June, 16th. The software company reported $3.03 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $2.81 by $0.22. The software company earned $3.84 billion during the quarter, compared to analyst estimates of $3.73 billion. Adobe had a net margin of 38.79% and a trailing twelve-month return on equity of 35.94%. The business's quarterly revenue was up 22.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.45 EPS.
View Adobe's earnings history
.

How has Adobe's stock price been impacted by Coronavirus (COVID-19)?

Adobe's stock was trading at $315.23 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ADBE shares have increased by 96.1% and is now trading at $618.28.
View which stocks have been most impacted by COVID-19
.

How will Adobe's stock buyback program work?

Adobe declared that its board has initiated a share buyback plan on Thursday, December 10th 2020, which allows the company to buyback $15,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 6.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

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

Adobe updated its third quarter 2021 earnings guidance on Thursday, July, 15th. The company provided EPS guidance of $3.000-$3.000 for the period, compared to the Thomson Reuters consensus estimate of $2.890. The company issued revenue guidance of $3.88 billion-$3.88 billion, compared to the consensus revenue estimate of $3.83 billion.

What price target have analysts set for ADBE?

26 brokers have issued 12 month target prices for Adobe's stock. Their forecasts range from $500.00 to $665.00. On average, they anticipate Adobe's share price to reach $606.08 in the next twelve months. This suggests that the stock has a possible downside of 2.0%.
View analysts' price targets for Adobe
or view top-rated stocks among Wall Street analysts.

Who are Adobe's key executives?

Adobe's management team includes the following people:

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

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

Who are some of Adobe's key competitors?

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.com (CRM), PayPal (PYPL), Mastercard (MA), The Walt Disney (DIS), Tesla (TSLA), Visa (V) and Advanced Micro Devices (AMD).

What is Adobe's stock symbol?

Adobe trades on the NASDAQ under the ticker symbol "ADBE."

Who are Adobe's major shareholders?

Adobe's stock is owned by many different institutional and retail investors. Top institutional shareholders include TCW Group Inc. (0.16%), Family Capital Trust Co (0.06%), Bristol John W & Co. Inc. NY (0.03%), Harel Insurance Investments & Financial Services Ltd. (0.03%), Oregon Public Employees Retirement Fund (0.02%) and State of Alaska Department of Revenue (0.02%). Company insiders that own Adobe stock include Abhay Parasnis, Ann Lewnes, Bryan Lamkin, Charles M Geschke, Dana Rao, Donna Morris, Gloria Chen, John E Warnock, John Francis Murphy, Mark S Garfield, Marshall Kiev, Scott Belsky and Shantanu Narayen.
View institutional ownership trends for Adobe
.

Which major investors are selling Adobe stock?

ADBE stock was sold by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Family Capital Trust Co, TCW Group Inc., Alpha Cubed Investments LLC, Lathrop Investment Management Corp, Bristol John W & Co. Inc. NY, Patten & Patten Inc. TN, and Harel Insurance Investments & Financial Services Ltd.. Company insiders that have sold Adobe company stock in the last year include Abhay Parasnis, Ann Lewnes, Bryan Lamkin, Dana Rao, Gloria Chen, John E Warnock, John Francis Murphy, Mark S Garfield, Scott Belsky, and Shantanu Narayen.
View insider buying and selling activity for Adobe
or view top insider-selling stocks.

Which major investors are buying Adobe stock?

ADBE stock was purchased by a variety of institutional investors in the last quarter, including Manning & Napier Group LLC, State of Alaska Department of Revenue, TIAA FSB, IFM Investors Pty Ltd, Heritage Wealth Advisors, Transform Wealth LLC, Vancity Investment Management Ltd, and Welch & Forbes LLC.
View insider buying and selling activity for Adobe
or or view top insider-buying stocks.

How do I buy shares of Adobe?

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

What is Adobe's stock price today?

One share of ADBE stock can currently be purchased for approximately $618.28.

How much money does Adobe make?

Adobe has a market capitalization of $294.55 billion and generates $12.87 billion in revenue each year. The software company earns $5.26 billion in net income (profit) each year or $8.58 on an earnings per share basis.

How many employees does Adobe have?

Adobe employs 22,516 workers across the globe.

Does Adobe have any subsidiaries?

The following companies are subsidiares of Adobe: Accelio Corporation, Adobe Assets LLC, Adobe Canada Services Corporation, Adobe Colombia SAS, 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., Adobe Visual Sciences LLC, Aldus Corp, Allegorithmic, Allegorithmic SAS, Amicima, Antepo, Ares Software, Auditude, Aviary, Behance, Behance Inc., Bizible Inc., BluePoint Technologies, Business Catalyst, Business Catalyst Systems Pty Ltd., 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, GoLive Systems, GoodBarry, HyWay Ferranti, ICS “Adobe Systems” S.R.L., IRIDAS, Ideacodes, InterAKT, KyleBrush.com, LLC "TubeMogul Ukraine", LLC "X.Commerce Development Center", Livefyre, Macromedia, Magento, 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, Omniture LLC, Photoshop, Pixmantec, Q-Link Technologies, Sandcastle, Sayspring, Scene7, Serious Magic, Shopial Ltd., Subsidiary Legal Name, Syntrillium Software, ToutApp Inc., Trade and Technologies France, TubeMogul, TubeMogul Inc., Typekit, Virtual Ubiquity, Workfront, X.commerce Inc., YaWah, and eSign Services.

When was Adobe founded?

Adobe was founded in 1982.

What is Adobe's official website?

The official website for Adobe is www.adobe.com.

Where are Adobe's headquarters?

Adobe is headquartered at 345 PARK AVE, SAN JOSE CA, 95110.

How can I contact Adobe?

Adobe's mailing address is 345 PARK AVE, SAN JOSE CA, 95110. The software company can be reached via phone at (408) 536-6000 or via email at [email protected]


This page was last updated on 7/27/2021 by MarketBeat.com Staff
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