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Adobe (ADBE)
NASDAQ:ADBE
Adobe (ADBE) Stock Price & Analysis
15,979 Followers
ADBE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$331.89 - $638.25
Previous Close$476.22
Volume2.03M
Average Volume (3M)3.85M
Market Cap
$210.60B
Enterprise Value$207.87B
Total Cash (Recent Filing)$6.82B
Total Debt (Recent Filing)$4.09B
Price to Earnings (P/E)45.5
Beta1.71
Next Earnings
Jun 13, 2024EPS Estimate
$4.39Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)10.47
Shares Outstanding448,000,000
10 Day Avg. Volume3,406,575
30 Day Avg. Volume3,854,303
Standard Deviation0.10
R-Squared0.48
Alpha0.00052
Financial Highlights & Ratios
Price to Book (P/B)127.72
Price to Sales (P/S)41.17
Price to Cash Flow (P/CF)44.90
P/FCF Ratio45.60
Enterprise Value/Market CapN/A
Enterprise Value/Revenue10.43
Enterprise Value/Gross Profit10.73
Enterprise Value/Ebitda40.28
Forecast
1Y Price Target
$620.63Price Target Upside30.81% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering32
Adobe News
PremiumStock Analysis & Ideas
AI Winners: A Cheat SheetBulls Say, Bears Say
Bulls Say
Financial AttractivenessAdobe maintains an attractive valuation with a current EV/FCF multiple of 22x, which is compelling compared to historical averages and peer companies.
Market OpportunityAdobe's total addressable market is projected to be US$147bn and US$205bn for 2023 and 2024 respectively, signaling significant growth potential.
Product InnovationAdobe's commitment to incorporating AI across its product stack is indicated by the recent Document Cloud announcement and upcoming video capabilities for Firefly.
Bears Say
CompetitionIncreasing competition from user-friendly and cost-effective platforms like Canva and Figma is putting pressure on Adobe.
Financial GuidanceAdobe's provided guidance fell short of expectations, sparking concerns among investors.
Market PerformanceAdobe shares have lagged large cap software peers with a significant decrease.
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Options Prices
Currently, No data available
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Ownership Overview
6.85% Insiders
23.55% Mutual Funds
24.90% Other Institutional Investors
44.70% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
The estimated number of people who visited one or more of the websites owned by Adobe
Desktop Users
Mobile Users
ADBE FAQ
What was Adobe’s price range in the past 12 months?
Adobe lowest stock price was $331.89 and its highest was $638.25 in the past 12 months.
What is Adobe’s market cap?
Currently, no data Available
When is Adobe’s upcoming earnings report date?
Adobe’s upcoming earnings report date is Jun 13, 2024 which is in 56 days.
How were Adobe’s earnings last quarter?
Adobe released its earnings results on Mar 14, 2024. The company reported $4.48 earnings per share for the quarter, beating the consensus estimate of $4.377 by $0.103.
Is Adobe overvalued?
According to Wall Street analysts Adobe’s price is currently Undervalued.
Does Adobe pay dividends?
Adobe does not currently pay dividends.
What is Adobe’s EPS estimate?
Adobe’s EPS estimate is $4.39.
How many shares outstanding does Adobe have?
Adobe has 448,000,000 shares outstanding.
What happened to Adobe’s price movement after its last earnings report?
Adobe reported an EPS of $4.48 in its last earnings report, beating expectations of $4.377. Following the earnings report the stock price went down -13.672%.
Which hedge fund is a major shareholder of Adobe?
Among the largest hedge funds holding Adobe’s share is PRIMECAP Management Co. It holds Adobe’s shares valued at 4B.
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Adobe Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$620.63 (30.81% Upside)
$620.63 (30.81% Upside)
Blogger Sentiment
Bullish
ADBE Sentiment 79%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Increased
By 16.4K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days <0.1%
Last 30 Days ▼ 1.4%
Last 30 Days ▼ 1.4%
News Sentiment
Very Bullish
Bullish news 86%
Bearish news 14%
Bearish news 14%
Technicals
SMA
Negative
20 days / 200 days
Momentum
25.52%
12-Months-Change
Fundamentals
Return on Equity
32.37%
Trailing 12-Months
Asset Growth
7.81%
Trailing 12-Months
Company Description
Adobe
Adobe, Inc. provides digital marketing and media solutions, with it operating through the following segments: Digital Media, Digital Experience, and Publishing. Its products and services include Adobe Photoshop, Adobe Illustrator, Adobe Acrobat, analytics solutions, digital experience management, products 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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ADBE Company Deck
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ADBE Earnings Call
Q1 2024
0:00 / 0:00
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ADBE Revenue Breakdown
94.20% Subscription
3.43% Services and other
2.37% Product
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ADBE Stock 12 Months Forecast
Average Price Target
$620.63
▲(30.81% Upside)
Technical Analysis
Best Analysts Covering ADBE
1 Year
1 Year Success Rate
22/29 ratings generated profit
1 Year Average Return
+20.54%
reiterated a buy rating last month
Copying Brad Zelnick's trades and holding each position for 1 Year would result in 75.86% of your transactions generating a profit, with an average return of +20.54% per trade.
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