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Adobe (ADBE)
NASDAQ:ADBE
Adobe (ADBE) Stock Price & Analysis
16,181 Followers
ADBE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$331.89 - $638.25
Previous Close$486.18
Volume855.97K
Average Volume (3M)3.81M
Market Cap
$220.41B
Enterprise Value$215.08B
Total Cash (Recent Filing)N/A
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)46.4
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. Volume2,584,879
30 Day Avg. Volume3,805,975
Standard Deviation0.10
R-Squared0.48
Alpha-0.00058
Financial Highlights & Ratios
Price to Book (P/B)132.09
Price to Sales (P/S)42.03
Price to Cash Flow (P/CF)46.40
P/FCF Ratio47.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$624.83Price Target Upside27.00% 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 AttractivenessAnalyst reiterates a Buy rating with a $640 price target, underpinned by confidence in Adobe's potential for sustained double-digit growth.
Market PositionAdobe has an early mover advantage with its SaaS transformation in 2009, achieving above 80% SaaS revenue since 2017.
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
Competitive LandscapeIntensifying competition could create downward pressure on product pricing and margins.
Financial PerformanceRevenue growth decelerated from 23% in FY21, 12% in FY22, 10% in FY23, and FY24 guide ~10%.
Product MonetizationMaterial AI monetization unlikely until late '24 and into '25.
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Risk Analysis
Sorry, No Data AvailableWe provide Risk Factor analysis for U.S. stocks that have been publicly traded for at least a year.
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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 36 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 (27.00% Upside)
$624.83 (27.00% Upside)
Blogger Sentiment
Bullish
ADBE Sentiment 79%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 16.4K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days ▼ 0.4%
Last 30 Days ▲ 0.9%
Last 30 Days ▲ 0.9%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
40.81%
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
$624.83
▲(27.00% Upside)
Technical Analysis
Best Analysts Covering ADBE
1 Year
1 Year Success Rate
22/29 ratings generated profit
1 Year Average Return
+20.80%
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 +20.80% per trade.
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