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NASDAQ:ADBE

Adobe Stock Forecast, Price & News

$494.58
-0.62 (-0.13 %)
(As of 10/20/2020 12:00 AM ET)
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Compare
Today's Range
$491.91
Now: $494.58
$500.17
50-Day Range
$462.13
MA: $489.12
$533.80
52-Week Range
$255.13
Now: $494.58
$536.88
Volume1.45 million shs
Average Volume3.21 million shs
Market Capitalization$237.26 billion
P/E Ratio62.29
Dividend YieldN/A
Beta0.97
Adobe Inc. operates as a diversified software company worldwide. Its Digital Media segment provides tools and solutions that enable individuals, teams, 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 content creators, experience designers, app developers, enthusiasts, students, social media users, and creative professionals, as well as marketing departments and agencies, companies and publishers. The company's Digital Experience segment offers products, services, and solutions for creating, managing, executing, measuring, monetizing and optimizing customer experiences from advertising to commerce. This segment serves marketers, advertisers, agencies, publishers, merchandisers, merchants, web analysts, data scientists, developers, marketing executives, information management and technology executives, product development executives, and sales and support executives. Its Publishing 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 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 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 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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Adobe logo

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
Employees22,634

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$11.17 billion
Cash Flow$8.06 per share
Book Value$24.42 per share

Profitability

Net Income$2.95 billion

Miscellaneous

Market Cap$237.26 billion
Next Earnings Date12/10/2020 (Estimated)
OptionableOptionable
$494.58
-0.62 (-0.13 %)
(As of 10/20/2020 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 price been impacted by COVID-19?

Adobe's stock was trading at $315.23 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, ADBE shares have increased by 56.9% and is now trading at $494.58.
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, topping analysts' consensus estimates of $2.41 by $0.16. The software company earned $3.23 billion during 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%. The business's revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the business earned $2.05 EPS.
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 earnings per share 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 brokerages have issued twelve-month price objectives for Adobe's shares. Their forecasts range from $318.00 to $600.00. On average, they anticipate Adobe's share price to reach $510.18 in the next year. This suggests a possible upside of 3.2% 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 been trending neutral recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Adobe earned a media sentiment score of 0.2 on InfoTrie's scale. They also gave press coverage about the software company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days.
View the latest news about Adobe
.

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).

Who are Adobe's key executives?

Adobe's management team includes the following people:
  • Mr. Shantanu Narayen, Chairman, Pres & CEO (Age 56, Pay $2.12M)
  • Dr. John E. Warnock, Co-Founder & Independent Director (Age 79, Pay $60k)
  • Dr. Charles M. Geschke, Co-Founder & Director Emeritus (Age 81, Pay $60k)
  • Mr. John F. Murphy, Exec. VP & CFO (Age 51, Pay $857.33k)
  • Mr. Abhay Parasnis, Exec. VP of Strategy & Growth and CTO (Age 45, Pay $893.75k)

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 a variety of retail and institutional investors. Top institutional investors include Envestnet Asset Management Inc. (0.13%), Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (0.10%), Family Capital Trust Co (0.07%), PGGM Investments (0.06%), DAVENPORT & Co LLC (0.05%) and Retirement Systems of Alabama (0.04%). 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 DAVENPORT & Co LLC, Gateway Investment Advisers LLC, Copper Rock Capital Partners LLC, Factory Mutual Insurance Co., CWM LLC, Atalanta Sosnoff Capital LLC, Redpoint Investment Management Pty Ltd, and State of Alaska Department of Revenue. 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 Nissay Asset Management Corp Japan ADV, Milestone Resources Group Ltd, Envestnet Asset Management Inc., Sycomore Asset Management, HighTower Trust Services LTA, PGGM Investments, Country Trust Bank, and Mountain Capital Investment Advisors 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 $494.58.

How big of a company is Adobe?

Adobe has a market capitalization of $237.26 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 10/20/2020 by MarketBeat.com Staff

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