Should I buy or sell Adobe stock right now?

27 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ADBE shares. View ADBE analyst ratings or view top-rated stocks .

What is Adobe's stock price target for 2024?

27 equities research analysts have issued 12 month target prices for Adobe's stock. Their ADBE share price targets range from $445.00 to $730.00. On average, they predict the company's stock price to reach $620.72 in the next year. This suggests a possible upside of 30.2% from the stock's current price. View analysts price targets for ADBE or view top-rated stocks among Wall Street analysts .

How have ADBE shares performed in 2024?

Adobe's stock was trading at $596.60 at the beginning of 2024. Since then, ADBE stock has decreased by 20.1% and is now trading at $476.58. View the best growth stocks for 2024 here .

Are investors shorting Adobe?

Adobe saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 5,690,000 shares, an increase of 10.9% from the March 15th total of 5,130,000 shares. Based on an average daily volume of 3,680,000 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.3% of the shares of the company are short sold. View Adobe's Short Interest .

When is Adobe's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 20th 2024. View our ADBE earnings forecast .

How were Adobe's earnings last quarter?

Adobe Inc. (NASDAQ:ADBE) announced its earnings results on Thursday, March, 14th. The software company reported $4.48 EPS for the quarter, topping analysts' consensus estimates of $4.38 by $0.10. The software company had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.14 billion. Adobe had a net margin of 24.08% and a trailing twelve-month return on equity of 39.12%. The business's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the firm posted $2.97 EPS. Read the conference call transcript .

What ETFs hold Adobe's stock?

ETFs with the largest weight of Adobe (NASDAQ:ADBE) stock in their portfolio include iShares Expanded Tech-Software Sector ETF (IGV) , Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares (SWAR) , Invesco Dynamic Software ETF (PSJ) , Invesco Next Gen Media and Gaming ETF (PBS) , Roundhill Generative AI & Technology ETF (CHAT) , Fidelity Metaverse ETF (FMET) , Fidelity Disruptive Technology ETF (FDTX) and Northern Lights Fund Trust IV - Long Cramer Tracker ETF (LJIM) .

How will Adobe's stock buyback program work?

Adobe announced that its board has authorized a share buyback program on Thursday, March 14th 2024, which authorizes the company to buyback $25,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 10.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

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

Adobe updated its second quarter 2024 earnings guidance on Thursday, March, 14th. The company provided earnings per share (EPS) guidance of 4.350-4.400 for the period, compared to the consensus EPS estimate of 4.380. The company issued revenue guidance of $5.3 billion-$5.3 billion, compared to the consensus revenue estimate of $5.3 billion.

What is Shantanu Narayen's approval rating as Adobe's CEO?

989 employees have rated Adobe Chief Executive Officer Shantanu Narayen on Glassdoor.com . Shantanu Narayen has an approval rating of 97% among the company's employees. This puts Shantanu Narayen in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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 (CRM) , PayPal (PYPL) , Mastercard (MA) , Walt Disney (DIS) , Tesla (TSLA) , Visa (V) and Advanced Micro Devices (AMD) .

Who are Adobe's major shareholders?

Adobe's stock is owned by many different retail and institutional investors. Top institutional investors include Los Angeles Capital Management LLC (0.08%), Congress Asset Management Co. MA (0.05%), AMF Tjanstepension AB (0.04%), Perpetual Ltd (0.04%), Global Assets Advisory LLC (0.03%) and Gateway Investment Advisers LLC (0.03%). Insiders that own company stock include Abhay Parasnis , Amy Banse , Ann Lewnes , Dana Rao , Daniel Durn , David A Ricks , David Wadhwani, Gloria Chen , John E Warnock , John E Warnock , John Francis Murphy , Mark S Garfield , Marshall Kiev , Scott Belsky and Shantanu Narayen . View institutional ownership trends .

How do I buy shares of Adobe?

Shares of ADBE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Does Adobe have any subsidiaries?

The following companies are subsidiares of Adobe: X.commerce Inc., Accelio Corporation, Adobe Assets LLC, Adobe Canada Services Corporation, Adobe Colombia SAS, Adobe Commerce, Adobe Development ARM LLC, Adobe KK, Adobe Labs Inc., Adobe Research (Schweiz) AG, Adobe Software (Shanghai) Company Limited, Adobe Software Trading Company Limited, Adobe Systems (Schweiz) GmbH, Adobe Systems Belgium BV, Adobe Systems Benelux B.V., Adobe Systems Brasil Limitada, Adobe Systems Canada Inc., Adobe Systems Danmark ApS, Adobe Systems Engineering GmbH, Adobe Systems Europe Limited., Adobe Systems Federal LLC, Adobe Systems France SAS, Adobe Systems GmbH, Adobe Systems Hong Kong Limited, Adobe Systems Iberica SL, Adobe Systems India Private Limited, Adobe Systems Israel Ltd., Adobe Systems Italia SRL, Adobe Systems Korea Ltd., Adobe Systems New Zealand Limited., Adobe Systems Nordic AB, Adobe Systems Norge AS, Adobe Systems Pte. Ltd., Adobe Systems Pty Ltd., Adobe Systems Romania SRL, Adobe Systems Software (Beijing) Co. Ltd., Adobe Systems Software Chile Limitada, Adobe Systems Software Ireland Limited, Adobe Systems South Africa Proprietary Limited, Adobe Systems s.r.o., Adobe Technologies International S.L., Aldus Corp, Allegorithmic, Allegorithmic SAS, Amicima, Antepo, Ares Software, Auditude, Aviary, Behance, BluePoint Technologies, Business Catalyst, Business Catalyst Systems Pty Ltd., ContentCal, Day Software, Demdex, DigiDox, Digital Analytix, Efficient Frontier, Emerald City Software, Fotiva, Fotolia, Fotolia Dutch Holding LLC, Fotolia LLC, Fotolia Netherlands Cooperatief U.A., Frame Technology, Frame.io, Frame.io Inc., GoLive Systems, GoodBarry, HyWay Ferranti, ICS “Adobe Systems” S.R.L., IRIDAS, Ideacodes, InterAKT, KyleBrush.com, LLC "X.Commerce Development Center", Livefyre, Macromedia, Magento Commerce Design, Magento Commerce International Limited, MagentoTech Inc., MagentoTech LLC, Marketo, Marketo Canada Corporation, Marketo EMEA Limited, Marketo Inc., Marketo Solutions Ltd., Milestone Holdco LLC, Milestone Intermediate Holdings Inc., Milestone Topco Inc., Mixamo, Navisware, Neolane, Nitobi Software, OCR Systems, OKYZ, Oculus Medium, Omniture, Photoshop, Pixmantec, Q-Link Technologies, Sandcastle, Sayspring, Scene7, Serious Magic, Syntrillium Software, ToutApp Inc., Trade and Technologies France, TubeMogul, TubeMogul Inc., Typekit, Uru, Virtual Ubiquity, Workfront, Workfront Inc., Workfront Ltd, YaWah, and eSign Services. Read More

Most-Downgraded StocksMost-Downgraded

NASDAQ:ADBE

Adobe (ADBE) Stock Price, News & Analysis

→ Can't believe it's happening again (From Manward Press) (Ad)

Free ADBE Stock Alerts

$476.22

+6.12 (+1.30%)

(As of 04:00 PM ET)

Compare

Today's Range: $468.49
▼
$478.98
50-Day Range: $470.10
▼
$627.21
52-Week Range: $331.89
▼
$638.25

Volume: 2.62 million shs
Average Volume: 3.60 million shs
Market Capitalization: $213.35 billion

P/E Ratio: 45.53
Dividend Yield: N/A
Price Target: $620.72

Get Adobe alerts:

Adobe MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.63 Rating Score
Upside/Downside: 30.4% Upside
$620.72 Price Target
Short Interest: Healthy
1.28% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.55
Upright™ Environmental Score
News Sentiment: 0.42
Based on 52 Articles This Week
Insider Trading: Selling Shares
$1.85 M Sold Last Quarter
Proj. Earnings Growth: 12.99%
From $14.55 to $16.44 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.83 out of 5 stars

Computer And Technology Sector

33rd out of 592 stocks

Prepackaged Software Industry

9th out of 200 stocks

4.3

Analyst's Opinion

Consensus Rating
Adobe has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 19 buy ratings, 6 hold ratings, and 2 sell ratings.
Amount of Analyst Coverage
Adobe has been the subject of 20 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.28% of the float of Adobe has been sold short.
Short Interest Ratio / Days to Cover
Adobe has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Adobe has recently increased by 10.92%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Adobe does not currently pay a dividend.
Dividend Growth
Adobe does not have a long track record of dividend growth.

3.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Adobe has received a 34.38% net impact score from Upright. Adobe seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Jobs". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Collaboration software", "Integrated development environments", and "Photograph editing software" products. See details.
Environmental Sustainability
The Environmental Impact score for Adobe is -0.55.

2.5

News and Social Media Coverage

News Sentiment
Adobe has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 52 news articles for Adobe this week, compared to 33 articles on an average week.
Search Interest
Only 167 people have searched for ADBE on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.
MarketBeat Follows
83 people have added Adobe to their MarketBeat watchlist in the last 30 days. This is an increase of 6% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Adobe insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,853,025.00 in company stock.
Percentage Held by Insiders
Only 0.15% of the stock of Adobe is held by insiders.
Percentage Held by Institutions
81.79% of the stock of Adobe is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Adobe are expected to grow by 12.99% in the coming year, from $14.55 to $16.44 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Adobe is 45.51, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.86.
Price to Earnings Ratio vs. Sector
The P/E ratio of Adobe is 45.51, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 232.04.
Price to Earnings Growth Ratio
Adobe has a PEG Ratio of 2.57. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Adobe has a P/B Ratio of 13.12. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Ad Manward Press

Can't believe it's happening again

One of the single most unique and powerful events in the markets is coming in the next two months. It’s scheduled for April 22, 2024. But investors are moving now to get ahead of what’s coming… driving up prices of one asset dramatically. And you should do the same.

We explain how this event works in full right here.

About Adobe Stock (NASDAQ:ADBE)

Adobe Inc. is a leading global software company specializing in creating, publishing and distributing digital content, including graphics, illustration, photography, multimedia/video, animation, motion pictures and print. Founded in December 1982 by John Warnock and Charles Geschke, Adobe has become one of the world's largest and most influential software companies. Headquartered in San Jose, California, the company employs more than 26,000 people across the globe.

Adobe's products include Adobe Acrobat Reader and the Portable Document Format (PDF), Adobe Photoshop image editing software, Adobe Illustrator vector-based illustration software and a range of tools primarily for audio-visual content creation, editing and publishing. Its Creative Cloud subscription service allows members to access the latest versions of its innovative products.

At the same time, its digital experience segment provides solutions and services for digital advertising, marketing, analytics, social marketing, targeting, media optimization, digital experience management and cross-channel campaign management. Adobe also offers legacy products and services for eLearning solutions, technical document publishing, web application development and high-end printing.

Adobe's commitment to innovation has earned it numerous recognitions and awards, including being named one of the "100 Best Companies to Work for" by Fortune since 2000, one of the "Best Places to Work" by Glassdoor and one of Fast Company's "Brands that Matter." The company has also been featured in Maclean's magazine as one of Canada's Top 100 Employers and received a five-star rating from the Electronic Frontier Foundation concerning its handling of government data requests in 2017.

Adobe has also been the subject of criticism. Consumers have been critical of its pricing practices, with retail prices increasing to twice as much in non-U.S. countries. Its Reader and Flash programs list as some of the most-hated programs of all time, and hackers have exploited vulnerabilities in Adobe programs to gain unauthorized computer access. Consumers also criticize Adobe for pushing unwanted software and handling government data requests.

However, Adobe has continued to push the boundaries and innovate with acquisitions such as Magento Commerce, Marketo, Allegorithmic, Workfront, Frame.io and Figma. In addition, the company has added payment services to its e-commerce platform and imposed a ban on the political ads features on its digital advert sales platform as the United States presidential elections approached in 2020. With its dedication to helping customers create compelling content and experiences, Adobe will remain a key player in the software industry for the foreseeable future.

ADBE Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ADBE Stock News Headlines

April 1, 2024 | marketbeat.com

Analysts are Bullish on These 4 Oversold Large Cap Stocks

As the first quarter unfolded, the semiconductor sector's resounding success has dominated the stock market narrative, propelling the broader market nearly 10% higher. However, a notable shift occurred as the quarter drew to a close.

April 1, 2024 | marketbeat.com

Analysts are Bullish on These 4 Oversold Large Cap Stocks (ADBE)

Oversold large-cap stocks with favorable analyst ratings are attracting attention amidst market shifts, presenting potential buying opportunities.

April 16, 2024 | Manward Press (Ad)

Can't believe it's happening again

March 16, 2024 | marketbeat.com

MarketBeat Week in Review – 3/11 – 3/15 (ADBE)

Stocks are trending lower to end the week as inflation concerns dampen hopes for a June rate cut, which may cause analysts to start lowering price targets

April 16, 2024 | msn.com

Adobe might partner with OpenAI to offer AI video generation

April 16, 2024 | investorplace.com

7 Buyback Kings to Buy as Corporate Cash Floods the Market

April 15, 2024 | finance.yahoo.com

Adobe releases Acrobat AI assistant starting at $4.99 per month

April 15, 2024 | finance.yahoo.com

Adobe launches AI tool meant to let customers ‘have a conversation with’ PDF documents, as companies look to roll out add-ons to existing product lines

April 16, 2024 | Manward Press (Ad)

Can't believe it's happening again

April 15, 2024 | markets.businessinsider.com

Adobe Introduces PDF-Reading AI Assistant, GenAI Video Tools In Premiere Pro

April 15, 2024 | msn.com

Adobe's PDF-reading AI Assistant starts at $4.99/month - here's how to try it for free

April 15, 2024 | msn.com

Adobe explores OpenAI partnership as it adds AI video tools

April 15, 2024 | yahoo.com

Adobe's working on generative video, too

April 15, 2024 | msn.com

Adobe Announces Acrobat AI Assistant Subscription as It Expands AI Tools

April 15, 2024 | msn.com

Adobe Acrobat Gets Generative AI in Time for Tax Day

April 15, 2024 | msn.com

Adobe struggles to stay creator-friendly in Ai push

April 15, 2024 | businesswire.com

Adobe Previews Breakthrough AI Innovations to Advance Professional Video Workflows Within Adobe Premiere Pro

April 15, 2024 | barrons.com

Adobe Adds New AI Video Editing and Creation Tools

April 15, 2024 | cnbc.com

Adobe releases Acrobat AI assistant starting at $4.99 a month

April 15, 2024 | businesswire.com

Adobe Transforms Digital Document Experiences this Tax Season with General Availability of Acrobat AI Assistant

April 15, 2024 | usatoday.com

WooCommerce vs. Adobe Commerce (formerly Magento): Pros and cons in 2024

April 15, 2024 | americanbankingnews.com

Adobe Inc. (NASDAQ:ADBE) Sees Large Increase in Short Interest

April 15, 2024 | msn.com

Adobe expands AI arsenal with text-to-video model, Enlists artists for data

April 15, 2024 | finance.yahoo.com

Adobe (ADBE) Fell Due to Investor Concerns

April 14, 2024 | msn.com

Adobe Firefly used thousands of Midjourney images in training its 'ethical AI' model

April 14, 2024 | americanbankingnews.com

Adobe (NASDAQ:ADBE) Trading Down 2.7%

April 12, 2024 | msn.com

AI companies are running out of data for training chatbots so Adobe keeps paying for it

See More Headlines

Receive ADBE Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Adobe and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings: 3/14/2024
Today: 4/16/2024
Next Earnings (Estimated): 6/20/2024
Fiscal Year End: 11/30/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Prepackaged software
Sub-Industry: Application Software
Current Symbol: NASDAQ:ADBE
CUSIP: 00724F10
CIK: 796343
Web: www.adobe.com
Phone: (408) 536-6000
Fax: 408-537-6000
Employees: 29,945
Year Founded: 1982

Price Target and Rating

Average Stock Price Target: $620.72
High Stock Price Target: $730.00
Low Stock Price Target: $445.00
Potential Upside/Downside: +32.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.63
Research Coverage: 27 Analysts

Profitability

EPS (Most Recent Fiscal Year): $10.46
Trailing P/E Ratio: 44.94
Forward P/E Ratio: 32.31
P/E Growth: 2.57
Net Income: $5.43 billion
Net Margins: 24.08%
Pretax Margin: 30.94%
Return on Equity: 39.12%
Return on Assets: 21.21%

Debt

Debt-to-Equity Ratio: 0.14
Current Ratio: 1.05
Quick Ratio: 1.05

Sales & Book Value

Annual Sales: $19.41 billion
Price / Sales: 10.85
Cash Flow: $14.70 per share
Price / Cash Flow: 31.99
Book Value: $36.28 per share
Price / Book: 12.96

Miscellaneous

Outstanding Shares: 448,000,000
Free Float: 447,328,000
Market Cap: $210.60 billion
Optionable: Optionable
Beta: 1.28

Social Links

7 Energy Stocks to Buy and Hold Forever

Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.

Get This Free Report

Key Executives

Mr. Shantanu Narayen (Age 60)
Chairman & CEO
Comp: $4.86M
Mr. Daniel J. Durn (Age 58)
CFO and Executive VP of Finance, Technology Services & Operations
Comp: $1.8M
Mr. David Wadhwani (Age 52)
President of Digital Media Business
Comp: $3.27M
Mr. Scott K. Belsky (Age 44)
Chief Strategy Officer and Executive VP of Design & Emerging Products
Comp: $1.45M
Dr. Anil S. Chakravarthy (Age 56)
President of Digital Experience Business
Comp: $1.62M
Mr. Mark S. Garfield (Age 53)
Senior VP, Chief Accounting Officer & Corporate Controller
Ms. Cynthia A. Stoddard (Age 67)
Senior VP & Chief Information Officer
Mr. Jonathan Vaas
Vice President of Investor Relations
Mr. Dana Rao (Age 54)
Executive VP, General Counsel, Chief Trust Officer & Corporate Secretary
Ms. Gloria Chen (Age 59)
Chief People Officer & Executive VP of Employee Experience

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

Should I Buy Adobe Stock? ADBE Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Adobe:

Adobe's stock price has shown consistent growth over the past year, indicating a positive trend for investors.
Adobe's strong presence in the digital media and experience segments positions it well to capitalize on the increasing demand for digital solutions.
Adobe's innovative products, such as the latest versions of Adobe Creative Cloud and Document Cloud, continue to attract a loyal customer base and drive revenue growth.
Adobe's strategic acquisitions, like the recent integration of Marketo into its offerings, enhance its capabilities and market competitiveness.
Adobe's consistent earnings performance and revenue growth demonstrate its financial stability and potential for long-term returns.

Cons

Investors should be bearish about investing in Adobe for these reasons:

Adobe faces intense competition in the software industry, which could impact its market share and pricing power.
Adobe's reliance on subscription-based revenue models may lead to customer churn if competitors offer more attractive pricing or features.
Adobe's exposure to global economic conditions and currency fluctuations could pose risks to its financial performance and stock valuation.
Adobe's high valuation metrics compared to industry peers may limit potential upside for investors in the short term.
Adobe's dependency on technological advancements and rapid changes in consumer preferences may require continuous innovation to stay ahead in the market.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Adobe pros and cons to contact@marketbeat.com.

ADBE Stock Analysis - Frequently Asked Questions

Should I buy or sell Adobe stock right now?: 27 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ADBE shares.
View ADBE analyst ratings or view top-rated stocks.
What is Adobe's stock price target for 2024?: 27 equities research analysts have issued 12 month target prices for Adobe's stock. Their ADBE share price targets range from $445.00 to $730.00. On average, they predict the company's stock price to reach $620.72 in the next year. This suggests a possible upside of 30.2% from the stock's current price.
View analysts price targets for ADBE or view top-rated stocks among Wall Street analysts.
How have ADBE shares performed in 2024?: Adobe's stock was trading at $596.60 at the beginning of 2024. Since then, ADBE stock has decreased by 20.1% and is now trading at $476.58.
View the best growth stocks for 2024 here.
Are investors shorting Adobe?: Adobe saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 5,690,000 shares, an increase of 10.9% from the March 15th total of 5,130,000 shares. Based on an average daily volume of 3,680,000 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.3% of the shares of the company are short sold.
View Adobe's Short Interest.
When is Adobe's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, June 20th 2024.
View our ADBE earnings forecast.
How were Adobe's earnings last quarter?: Adobe Inc. (NASDAQ:ADBE) announced its earnings results on Thursday, March, 14th. The software company reported $4.48 EPS for the quarter, topping analysts' consensus estimates of $4.38 by $0.10. The software company had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.14 billion. Adobe had a net margin of 24.08% and a trailing twelve-month return on equity of 39.12%. The business's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the firm posted $2.97 EPS.
Read the conference call transcript.
What ETFs hold Adobe's stock?: ETFs with the largest weight of Adobe (NASDAQ:ADBE) stock in their portfolio include iShares Expanded Tech-Software Sector ETF (IGV), Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares (SWAR), Invesco Dynamic Software ETF (PSJ), Invesco Next Gen Media and Gaming ETF (PBS), Roundhill Generative AI & Technology ETF (CHAT), Fidelity Metaverse ETF (FMET), Fidelity Disruptive Technology ETF (FDTX) and Northern Lights Fund Trust IV - Long Cramer Tracker ETF (LJIM).
How will Adobe's stock buyback program work?: Adobe announced that its board has authorized a share buyback program on Thursday, March 14th 2024, which authorizes the company to buyback $25,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 10.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

What guidance has Adobe issued on next quarter's earnings?: Adobe updated its second quarter 2024 earnings guidance on Thursday, March, 14th. The company provided earnings per share (EPS) guidance of 4.350-4.400 for the period, compared to the consensus EPS estimate of 4.380. The company issued revenue guidance of $5.3 billion-$5.3 billion, compared to the consensus revenue estimate of $5.3 billion.
What is Shantanu Narayen's approval rating as Adobe's CEO?: 989 employees have rated Adobe Chief Executive Officer Shantanu Narayen on Glassdoor.com. Shantanu Narayen has an approval rating of 97% among the company's employees. This puts Shantanu Narayen in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
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 (CRM), PayPal (PYPL), Mastercard (MA), Walt Disney (DIS), Tesla (TSLA), Visa (V) and Advanced Micro Devices (AMD).
Who are Adobe's major shareholders?: Adobe's stock is owned by many different retail and institutional investors. Top institutional investors include Los Angeles Capital Management LLC (0.08%), Congress Asset Management Co. MA (0.05%), AMF Tjanstepension AB (0.04%), Perpetual Ltd (0.04%), Global Assets Advisory LLC (0.03%) and Gateway Investment Advisers LLC (0.03%). Insiders that own company stock include Abhay Parasnis, Amy Banse, Ann Lewnes, Dana Rao, Daniel Durn, David A Ricks, David Wadhwani, Gloria Chen, John E Warnock, John E Warnock, John Francis Murphy, Mark S Garfield, Marshall Kiev, Scott Belsky and Shantanu Narayen.
View institutional ownership trends.
How do I buy shares of Adobe?: Shares of ADBE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
Does Adobe have any subsidiaries?: The following companies are subsidiares of Adobe: X.commerce Inc., Accelio Corporation, Adobe Assets LLC, Adobe Canada Services Corporation, Adobe Colombia SAS, Adobe Commerce, Adobe Development ARM LLC, Adobe KK, Adobe Labs Inc., Adobe Research (Schweiz) AG, Adobe Software (Shanghai) Company Limited, Adobe Software Trading Company Limited, Adobe Systems (Schweiz) GmbH, Adobe Systems Belgium BV, Adobe Systems Benelux B.V., Adobe Systems Brasil Limitada, Adobe Systems Canada Inc., Adobe Systems Danmark ApS, Adobe Systems Engineering GmbH, Adobe Systems Europe Limited., Adobe Systems Federal LLC, Adobe Systems France SAS, Adobe Systems GmbH, Adobe Systems Hong Kong Limited, Adobe Systems Iberica SL, Adobe Systems India Private Limited, Adobe Systems Israel Ltd., Adobe Systems Italia SRL, Adobe Systems Korea Ltd., Adobe Systems New Zealand Limited., Adobe Systems Nordic AB, Adobe Systems Norge AS, Adobe Systems Pte. Ltd., Adobe Systems Pty Ltd., Adobe Systems Romania SRL, Adobe Systems Software (Beijing) Co. Ltd., Adobe Systems Software Chile Limitada, Adobe Systems Software Ireland Limited, Adobe Systems South Africa Proprietary Limited, Adobe Systems s.r.o., Adobe Technologies International S.L., Aldus Corp, Allegorithmic, Allegorithmic SAS, Amicima, Antepo, Ares Software, Auditude, Aviary, Behance, BluePoint Technologies, Business Catalyst, Business Catalyst Systems Pty Ltd., ContentCal, Day Software, Demdex, DigiDox, Digital Analytix, Efficient Frontier, Emerald City Software, Fotiva, Fotolia, Fotolia Dutch Holding LLC, Fotolia LLC, Fotolia Netherlands Cooperatief U.A., Frame Technology, Frame.io, Frame.io Inc., GoLive Systems, GoodBarry, HyWay Ferranti, ICS “Adobe Systems” S.R.L., IRIDAS, Ideacodes, InterAKT, KyleBrush.com, LLC "X.Commerce Development Center", Livefyre, Macromedia, Magento Commerce Design, Magento Commerce International Limited, MagentoTech Inc., MagentoTech LLC, Marketo, Marketo Canada Corporation, Marketo EMEA Limited, Marketo Inc., Marketo Solutions Ltd., Milestone Holdco LLC, Milestone Intermediate Holdings Inc., Milestone Topco Inc., Mixamo, Navisware, Neolane, Nitobi Software, OCR Systems, OKYZ, Oculus Medium, Omniture, Photoshop, Pixmantec, Q-Link Technologies, Sandcastle, Sayspring, Scene7, Serious Magic, Syntrillium Software, ToutApp Inc., Trade and Technologies France, TubeMogul, TubeMogul Inc., Typekit, Uru, Virtual Ubiquity, Workfront, Workfront Inc., Workfront Ltd, YaWah, and eSign Services.
Read More

This page (NASDAQ:ADBE) was last updated on 4/16/2024 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

Adobe (ADBE) Stock Price, News & Analysis

Adobe MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Adobe Stock (NASDAQ:ADBE)

ADBE Stock Price History

ADBE Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

Should I Buy Adobe Stock? ADBE Pros and Cons Explained

Pros

Cons

ADBE Stock Analysis - Frequently Asked Questions

Overall MarketRank^™