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NASDAQ:ADBE

Adobe Stock Forecast, Price & News

$479.78
+12.11 (+2.59 %)
(As of 09/25/2020 12:00 AM ET)
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Today's Range
$466.01
Now: $479.78
$481.58
50-Day Range
$435.23
MA: $477.35
$533.80
52-Week Range
$255.13
Now: $479.78
$536.88
Volume2.54 million shs
Average Volume3.29 million shs
Market Capitalization$230.13 billion
P/E Ratio60.43
Dividend YieldN/A
Beta0.94
Adobe Inc. operates as a diversified software company worldwide. Its Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. Its flagship product is Creative Cloud, a subscription service that allows customer to download and access the latest versions of its creative products. This segment serves traditional content creators, Web application developers, and digital media professionals, as well as their management in marketing departments and agencies, companies, and publishers. The company's Digital Experience segment offers solutions for how digital advertising and marketing are created, managed, executed, measured, and optimized. This segment provides analytics, social marketing, targeting, media optimization, digital experience management, cross-channel campaign management, marketing automation, audience management, and video delivery and monetization solutions to digital marketers, advertisers, publishers, merchandisers, Web analysts, chief marketing officers, chief information officers, and chief revenue officers. Its Publishing segment offers products and services, such as e-learning solutions, technical document publishing, Web application development, and high-end printing, as well as publishing needs of technical and business, and original equipment manufacturers (OEMs) printing businesses. The company offers its products and services directly to enterprise customers through its sales force, 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 OEMs. The company was formerly known as Adobe Systems Incorporated and changed its name to Adobe Inc. in October 2018. The company was founded in 1982 and is headquartered in San Jose, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 3.0Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.53 out of 5 stars


Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryApplication Software
Current SymbolNASDAQ:ADBE
CUSIP00724F10
Phone408-536-6000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$11.17 billion
Cash Flow$8.07 per share
Book Value$24.42 per share

Profitability

Net Income$2.95 billion

Miscellaneous

Employees22,634
Market Cap$230.13 billion
Next Earnings Date12/10/2020 (Estimated)
OptionableOptionable
$479.78
+12.11 (+2.59 %)
(As of 09/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Adobe (NASDAQ:ADBE) Frequently Asked Questions

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

Adobe's stock was trading at $315.23 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, ADBE stock has increased by 52.2% and is now trading at $479.78.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Adobe?

29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last year. There are currently 5 hold ratings and 24 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Adobe
.

When is Adobe's next earnings date?

Adobe is scheduled to release its next quarterly earnings announcement on Thursday, December 10th 2020.
View our earnings forecast for Adobe
.

How were Adobe's earnings last quarter?

Adobe Inc (NASDAQ:ADBE) released its earnings results on Tuesday, September, 15th. The software company reported $2.57 earnings per share for the quarter, beating the Zacks' consensus estimate of $2.41 by $0.16. The software company had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.16 billion. Adobe had a return on equity of 35.84% and a net margin of 31.05%. Adobe's quarterly revenue was up 14.0% compared to the same quarter last year. During the same period last year, the company earned $2.05 earnings per share.
View Adobe's earnings history
.

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

Adobe updated its fourth quarter earnings guidance on Tuesday, September, 15th. The company provided EPS guidance of $2.64 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.64. The company issued revenue guidance of $3.35 billion, compared to the consensus revenue estimate of $3.37 billion.

What price target have analysts set for ADBE?

29 equities research analysts have issued 12-month price targets for Adobe's shares. Their forecasts range from $283.00 to $600.00. On average, they expect Adobe's share price to reach $502.34 in the next year. This suggests a possible upside of 4.7% from the stock's current price.
View analysts' price targets for Adobe
.

Has Adobe been receiving favorable news coverage?

Media headlines about ADBE stock have trended neutral this week, InfoTrie reports. The research group scores the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Adobe earned a coverage optimism score of 0.2 on InfoTrie's scale. They also gave news articles about the software company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future.
View the latest news about Adobe
.

Are investors shorting Adobe?

Adobe saw a decrease in short interest in August. As of August 14th, there was short interest totaling 3,750,000 shares, a decrease of 12.2% from the July 30th total of 4,270,000 shares. Based on an average daily volume of 2,770,000 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.8% of the company's stock are sold short.
View Adobe's Short Interest
.

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), Walt Disney (DIS), Visa (V), Tesla (TSLA) and Intel (INTC).

Who are Adobe's key executives?

Adobe's management team includes the following people:
  • Mr. Shantanu Narayen, Chairman, Pres & CEO (Age 55)
  • Dr. John E. Warnock, Co-Founder & Director (Age 78)
  • Dr. Charles M. Geschke, Co-Founder & Director (Age 80)
  • Mr. John F. Murphy, Exec. VP & CFO (Age 50)
  • Mr. Bryan Lamkin, Exec. VP & Gen. Mang. of Digital Media (Age 58)

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 Vanguard Group Inc. (8.24%), BlackRock Inc. (7.94%), FMR LLC (6.83%), Bank of New York Mellon Corp (1.81%), Jennison Associates LLC (1.46%) and Fisher Asset Management LLC (1.11%). Company insiders that own Adobe stock include Ann Lewnes, Bradley Rencher, Bryan Lamkin, Charles M Geschke, Dana Rao, David A Ricks, Donna Morris, Gloria Chen, John E Warnock, John Francis Murphy, Mark S Garfield, Matthew Thompson, Scott Belsky and Shantanu Narayen.
View institutional ownership trends for Adobe
.

Which institutional investors are selling Adobe stock?

ADBE stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Jennison Associates LLC, Nuveen Asset Management LLC, CIBC Private Wealth Group LLC, Assenagon Asset Management S.A., FIL Ltd, Advisor Group Holdings Inc., and Marshall Wace North America L.P.. Company insiders that have sold Adobe company stock in the last year include Ann Lewnes, Bryan Lamkin, Charles M Geschke, Dana Rao, Donna Morris, Gloria Chen, John E Warnock, John Francis Murphy, Mark S Garfield, Scott Belsky, and Shantanu Narayen.
View insider buying and selling activity for Adobe
.

Which institutional investors are buying Adobe stock?

ADBE stock was bought by a variety of institutional investors in the last quarter, including Copper Rock Capital Partners LLC, BlackRock Inc., Nordea Investment Management AB, California Public Employees Retirement System, Softbank Group Corp, WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST, GQG Partners LLC, and Bessemer Group Inc..
View insider buying and selling activity for Adobe
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Adobe's stock price today?

One share of ADBE stock can currently be purchased for approximately $479.78.

How big of a company is Adobe?

Adobe has a market capitalization of $230.13 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.

What is Adobe's official website?

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

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 9/26/2020 by MarketBeat.com Staff

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