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NASDAQ:ADBE

Adobe (ADBE) Stock Price, News & Analysis

$495.42
-8.15 (-1.62%)
(As of 10/11/2024 ET)

About Adobe Stock (NASDAQ:ADBE)

Key Stats

Today's Range
$494.90
$507.98
50-Day Range
$487.30
$586.55
52-Week Range
$433.97
$638.25
Volume
2.99 million shs
Average Volume
3.23 million shs
Market Capitalization
$218.08 billion
P/E Ratio
41.84
Dividend Yield
N/A
Price Target
$606.40
Consensus Rating
Moderate Buy

Company Overview

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.

Adobe Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
94th Percentile Overall Score

ADBE MarketRank™: 

Adobe scored higher than 94% of companies evaluated by MarketBeat, and ranked 68th out of 668 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Adobe has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 17 buy ratings, 7 hold ratings, and 2 sell ratings.

  • Amount of Analyst Coverage

    Adobe has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Adobe's stock forecast and price target.
  • Earnings Growth

    Earnings for Adobe are expected to grow by 12.97% in the coming year, from $14.80 to $16.72 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Adobe is 41.84, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.10.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Adobe is 41.84, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 228.47.

  • Price to Earnings Growth Ratio

    Adobe has a PEG Ratio of 2.55. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Adobe has a P/B Ratio of 14.99. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Adobe's valuation and earnings.
  • Percentage of Shares Shorted

    1.48% of the float of Adobe has been sold short.
  • Short Interest Ratio / Days to Cover

    Adobe has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Adobe has recently increased by 7.08%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Adobe does not currently pay a dividend.

  • Dividend Growth

    Adobe does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    1.48% of the float of Adobe has been sold short.
  • Short Interest Ratio / Days to Cover

    Adobe has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Adobe has recently increased by 7.08%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Adobe has a news sentiment score of 0.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.65 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 39 news articles for Adobe this week, compared to 34 articles on an average week.
  • Search Interest

    146 people have searched for ADBE on MarketBeat in the last 30 days. This is an increase of 170% compared to the previous 30 days.
  • MarketBeat Follows

    53 people have added Adobe to their MarketBeat watchlist in the last 30 days. This is an increase of 96% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Adobe insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $17,642,652.00 in company stock.

  • Percentage Held by Insiders

    Only 0.15% of the stock of Adobe is held by insiders.

  • Percentage Held by Institutions

    81.79% of the stock of Adobe is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Adobe's insider trading history.
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ADBE Stock News Headlines

Dhaka,Bangladesh,13 May 2024:Adobe logo seen displayed on a smartphone.
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Adobe (ADBE) Q3 2024 Earnings Call Transcript
See More Headlines

ADBE Stock Analysis - Frequently Asked Questions

Adobe's stock was trading at $596.60 at the beginning of the year. Since then, ADBE shares have decreased by 17.0% and is now trading at $495.42.
View the best growth stocks for 2024 here
.

Adobe Inc. (NASDAQ:ADBE) released its earnings results on Thursday, September, 12th. The software company reported $4.65 EPS for the quarter, beating analysts' consensus estimates of $4.53 by $0.12. Adobe's revenue was up 10.6% on a year-over-year basis.
Read the conference call transcript
.

Adobe's board initiated a stock repurchase plan on Thursday, March 14th 2024, which allows the company to repurchase $25,000,000,000 in shares, according to EventVestor. This means that the company could purchase up to 10.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's management believes its stock is undervalued.

The following companies are subsidiaries of Adobe: ContentCal, Frame.io, Workfront, Oculus Medium, Allegorithmic, Marketo, Adobe Commerce, and others.

Top institutional investors of Adobe include Perpetual Ltd (0.04%), Creative Planning (0.04%), Handelsbanken Fonder AB (0.04%) and Gateway Investment Advisers LLC (0.03%). Insiders that own company stock include John E Warnock, John E Warnock, Shantanu Narayen, Anil Chakravarthy, Ann Lewnes, Daniel Durn, Scott Belsky, Dana Rao, David Wadhwani, David A Ricks, Mark S Garfield, Amy Banse and Gloria Chen.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Adobe investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), ServiceNow (NOW), Advanced Micro Devices (AMD), UnitedHealth Group (UNH) and Salesforce (CRM).

Company Calendar

Last Earnings
9/12/2024
Today
10/12/2024
Fiscal Year End
11/30/2024
Next Earnings (Estimated)
12/11/2024

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
$606.40
High Stock Price Target
$730.00
Low Stock Price Target
$450.00
Potential Upside/Downside
+22.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
27 Analysts

Profitability

Net Income
$5.43 billion
Pretax Margin
32.22%

Debt

Sales & Book Value

Annual Sales
$19.41 billion
Cash Flow
$14.86 per share
Book Value
$33.04 per share

Miscellaneous

Free Float
439,540,000
Market Cap
$218.08 billion
Optionable
Optionable
Beta
1.29

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This page (NASDAQ:ADBE) was last updated on 10/12/2024 by MarketBeat.com Staff
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