NASDAQ:ADBE - Adobe Stock Price, Forecast & News

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

Adobe declared that its Board of Directors has approved a stock buyback plan on Monday, May 21st 2018, which allows the company to repurchase $8,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 6.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its stock is undervalued.

Adobe Inc (NASDAQ:ADBE) announced its quarterly earnings data on Thursday, December, 12th. The software company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.03. The software company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.97 billion. Adobe had a return on equity of 31.47% and a net margin of 26.42%. The firm's revenue was up 21.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.83 earnings per share. View Adobe's Earnings History.

Adobe is scheduled to release their next quarterly earnings announcement on Thursday, March 12th 2020. View Earnings Estimates for Adobe.

Adobe updated its FY20 earnings guidance on Thursday, December, 12th. The company provided EPS guidance of $9.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $9.76. The company issued revenue guidance of $13.15 billion, compared to the consensus revenue estimate of $13.14 billion.

27 Wall Street analysts have issued 1 year target prices for Adobe's shares. Their forecasts range from $280.00 to $410.00. On average, they expect Adobe's share price to reach $337.79 in the next twelve months. This suggests that the stock has a possible downside of 4.7%. View Analyst Price Targets for Adobe.

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last year. There are currently 8 hold ratings and 19 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Adobe.

Headlines about ADBE stock have trended somewhat positive this week, InfoTrie Sentiment reports. The research firm ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Adobe earned a coverage optimism score of 0.8 on InfoTrie's scale. They also assigned press coverage about the software company a news buzz of 3.0 out of 10, meaning that recent news coverage is unlikely to have an impact on the company's share price in the immediate future. View News Stories for Adobe.

Adobe saw a decrease in short interest during the month of January. As of January 15th, there was short interest totalling 6,750,000 shares, a decrease of 10.4% from the December 31st total of 7,530,000 shares. Based on an average trading volume of 2,350,000 shares, the days-to-cover ratio is currently 2.9 days. Currently, 1.4% of the shares of the stock are sold short. View Adobe's Current Options Chain.

Some companies that are related to Adobe include salesforce.com (CRM), Intuit (INTU), Autodesk (ADSK), Workday (WDAY), Splunk (SPLK), ANSYS (ANSS), Synopsys (SNPS), Cadence Design Systems (CDNS), Citrix Systems (CTXS), SS&C Technologies (SSNC), Tyler Technologies (TYL), Fair Isaac (FICO), FactSet Research Systems (FDS), Aspen Technology (AZPN) and Guidewire Software (GWRE).

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), Micron Technology (MU), Visa (V), Walt Disney (DIS), Mastercard (MA) and Intel (INTC).

Adobe's stock is owned by many different of retail and institutional investors. Top institutional shareholders include California Public Employees Retirement System (0.25%), Johanson Financial Advisors Inc. (0.21%), New York State Teachers Retirement System (0.15%), Strs Ohio (0.12%), Close Asset Management Ltd (0.10%) and Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (0.10%). Company insiders that own Adobe stock include Abhay Parasnis, Ann Lewnes, Bradley Rencher, Charles M Geschke, Dana Rao, David A Ricks, Donna Morris, John E Warnock, Mark Garrett, Mark S Garfield, Matthew Thompson, Michael A Dillon and Shantanu Narayen. View Institutional Ownership Trends for Adobe.

ADBE stock was sold by a variety of institutional investors in the last quarter, including State of Michigan Retirement System, Tocqueville Asset Management L.P., Meag Munich Ergo Kapitalanlagegesellschaft MBH, Strs Ohio, State of Alaska Department of Revenue, Commerzbank Aktiengesellschaft FI, Institute for Wealth Management LLC. and Family Capital Trust Co. Company insiders that have sold Adobe company stock in the last year include Ann Lewnes, Bradley Rencher, Charles M Geschke, Dana Rao, Donna Morris, John E Warnock, Mark S Garfield and Matthew Thompson. View Insider Buying and Selling for Adobe.

ADBE stock was purchased by a variety of institutional investors in the last quarter, including Johanson Financial Advisors Inc., Loring Wolcott & Coolidge Fiduciary Advisors LLP MA, Global Thematic Partners LLC, California Public Employees Retirement System, Karani Asset Management LLC, Chesley Taft & Associates LLC, Close Asset Management Ltd and Centre Asset Management LLC. View Insider Buying and Selling for Adobe.

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

One share of ADBE stock can currently be purchased for approximately $354.63.

Adobe has a market capitalization of $170.98 billion and generates $11.17 billion in revenue each year. The software company earns $2.95 billion in net income (profit) each year or $6.56 on an earnings per share basis. Adobe employs 22,634 workers across the globe.View Additional Information About Adobe.

The official website for Adobe is http://www.adobe.com/.

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]