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Adobe (ADBE)
NASDAQ:ADBE
Adobe (ADBE) Stock Price & Analysis
16,264 Followers
ADBE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$345.12 - $638.25
Previous Close$485.35
Volume2.56M
Average Volume (3M)3.72M
Market Cap
$217.44B
Enterprise Value$214.71B
Total Cash (Recent Filing)$6.82B
Total Debt (Recent Filing)$4.09B
Price to Earnings (P/E)46.4
Beta1.70
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. Volume2,684,647
30 Day Avg. Volume3,722,756
Standard Deviation0.10
R-Squared0.48
Alpha-0.00058
Financial Highlights & Ratios
Price to Book (P/B)129.31
Price to Sales (P/S)41.96
Price to Cash Flow (P/CF)45.40
P/FCF Ratio46.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue10.77
Enterprise Value/Gross Profit11.08
Enterprise Value/Ebitda41.60
Forecast
1Y Price Target
$624.83Price Target Upside29.40% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering31
Adobe News
PremiumCompany Announcements
Adobe Stockholders Approve Amendments and Elect Board
Bulls Say, Bears Say
Bulls Say
Financial Growth PotentialWith Adobe's total addressable market projected to grow substantially, there is significant potential for revenue expansion in the coming years.
Product OfferingAdobe's introduction of Acrobat AI Assistant with cutting-edge features marks a significant innovation, enhancing user experience and productivity for PDF power users.
Strategic PositioningAdobe's early investment in AI and its continuous product innovation, such as Firefly and GenStudio, position the company at the forefront of the digital transformation era.
Bears Say
Delayed AI MonetizationMaterial AI monetization unlikely until late '24 and into '25.
Intensifying CompetitionIntensifying competition could create downward pressure on product pricing and margins.
Revenue Growth ConcernsRevenue growth decelerated from 23% in FY21, 12% in FY22, 10% in FY23, and FY24 guide ~10%.
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Ownership Overview
6.86% Insiders
23.57% Mutual Funds
45.74% Other Institutional Investors
23.84% 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 $345.12 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 27 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:
$624.83 (29.40% Upside)
$624.83 (29.40% Upside)
Blogger Sentiment
Bullish
ADBE Sentiment 80%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 16.4K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▼ 0.3%
Last 30 Days ▼ 0.8%
Last 30 Days ▼ 0.8%
News Sentiment
Bullish
Bullish news 75%
Bearish news 25%
Bearish news 25%
Technicals
SMA
Negative
20 days / 200 days
Momentum
40.40%
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 Month Forecast
Average Price Target
$624.83
▲(29.40% Upside)
Technical Analysis
Best Analysts Covering ADBE
1 Year
1 Year Success Rate
22/29 ratings generated profit
1 Year Average Return
+20.53%
reiterated a buy rating 2 months ago
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 +20.53% per trade.
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