S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?

Adobe (ADBE) Stock Price, News & Analysis

$513.86
+21.40 (+4.35%)
(As of 03/18/2024 ET)
Today's Range
$495.55
$515.73
50-Day Range
$492.46
$634.76
52-Week Range
$331.89
$638.25
Volume
7.05 million shs
Average Volume
3.54 million shs
Market Capitalization
$232.55 billion
P/E Ratio
49.13
Dividend Yield
N/A
Price Target
$626.04

Adobe MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
22.0% Upside
$627.00 Price Target
Short Interest
Healthy
1.20% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.55
Upright™ Environmental Score
News Sentiment
0.21mentions of Adobe in the last 14 days
Based on 111 Articles This Week
Insider Trading
Selling Shares
$26.28 M Sold Last Quarter
Proj. Earnings Growth
13.90%
From $14.46 to $16.47 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.

4.78 out of 5 stars

Computer And Technology Sector

41st out of 602 stocks

Prepackaged Software Industry

13th out of 205 stocks

ADBE stock logo

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

ADBE Stock News Headlines

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
Adobe Stock Reaches Turning Point as Market Outlook Resets
Adobe increased its stock repurchase program by $25 billion after a strong quarter and exited from the Figma acquisition. Analysts are trimming their targets.
Central Bank Gold Heist In Progress
When central banks buy gold… The rich buy right along with them. And central banks are buying at breakneck pace. Last year… 1,037 tons. Just 45 tons less than the record set two years ago.
Adobe Stock Reaches Turning Point as Market Outlook is Reset
Adobe's NASDAQ: ADBE solid performance and outlook for growth will continue to support the price action over time, suggesting a buying opportunity with the post-release dip. The market is down more than 10% in pre-market action, not on signs of weakening but because guidance aligns with the market's expectations.
MongoDB Stock's AI Bubble Burst: Is Now the Time to Buy? (ADBE)
MongoDB had a solid quarter, but guidance left the market wanting more. The stock fell hard in premarket trading, and investors are buying the dip.
Zoom Video Indicates Normalization Ends and Growth Resumes (ADBE)
Zoom Video stock looks more appealing now that the company is seeing new growth after two years of normalization following its monstrous pandemic surge in 2021
3 Stocks Showing Constructive Pullbacks with Indexes at New Highs
One of the most exciting things for an investor or trader is to look at tier account statement, or at the charts of what they own, and see a stock like Nvidia Corp. NASDAQ: NVDA or even the broader SPDR S&P 500 ETF Trust NYSEARCA: SPY or Invesco QQQ NASDAQ: QQQ rallying to new highs.
3 Stocks Showing Constructive Pullbacks with Indexes at New Highs (ADBE)
As the market becomes extended on AI exuberance, leading stocks like MongoDB, Eli Lilly and Adobe are pulling back, potentially offering new buy opportunities.
Central Bank Gold Heist In Progress
When central banks buy gold… The rich buy right along with them. And central banks are buying at breakneck pace. Last year… 1,037 tons. Just 45 tons less than the record set two years ago.
Twilio: 4 compelling reasons to buy the dip (ADBE)
Here are four compelling reasons as to why investors can use the post-earnings sell-off as an opportunity to take a look at Twilio stock
Adobe (NASDAQ:ADBE) Rating Reiterated by DA Davidson
HSBC Cuts Adobe (NASDAQ:ADBE) Price Target to $511.00
Adobe (NASDAQ:ADBE) PT Lowered to $625.00
Adobe (NASDAQ:ADBE) Price Target Cut to $650.00
Adobe (NASDAQ:ADBE) PT Lowered to $525.00 at Robert W. Baird
Adobe (NASDAQ:ADBE) PT Lowered to $675.00
UBS Group Lowers Adobe (NASDAQ:ADBE) Price Target to $540.00
Adobe (NASDAQ:ADBE) Price Target Cut to $700.00
Barclays Trims Adobe (NASDAQ:ADBE) Target Price to $630.00
TD Cowen Trims Adobe (NASDAQ:ADBE) Target Price to $640.00
Adobe (NASDAQ:ADBE) PT Lowered to $640.00
See More Headlines
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Company Calendar

Last Earnings
3/14/2024
Today
3/19/2024
Next Earnings (Estimated)
6/20/2024
Fiscal Year End
11/30/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Application Software
Current Symbol
NASDAQ:ADBE
CUSIP
00724F10
Employees
29,945
Year Founded
1982

Price Target and Rating

Average Stock Price Target
$627.00
High Stock Price Target
$730.00
Low Stock Price Target
$499.00
Potential Upside/Downside
+21.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
26 Analysts

Profitability

Net Income
$5.43 billion
Pretax Margin
35.03%

Debt

Sales & Book Value

Annual Sales
$19.41 billion
Cash Flow
$13.35 per share
Book Value
$36.28 per share

Miscellaneous

Free Float
451,867,000
Market Cap
$232.55 billion
Optionable
Optionable
Beta
1.29

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Should I Buy Adobe Stock? ADBE Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Adobe was last updated on Sunday, March 17, 2024 at 5:13 PM.

Pros

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

  • Adobe's focus on AI products like Sensei and Firefly, offering innovative tools for creating marketing graphics, images, text, and color palettes.
  • Continuous updates and features using AI in Adobe's software products, ensuring relevance and competitiveness in the market.
  • Strong financial performance reflected in Adobe's stock price, with a consensus view of "moderate buy" and a price target of $594.50, indicating potential upside.
  • Leading the way in copyright protection for artists through AI products like Firefly, addressing concerns of illegal use of creative work.
  • Positive institutional ownership data showing significant inflows from big investors, indicating confidence in Adobe's future growth.

Cons

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

  • Adobe's performance being influenced by other heavily weighted tech stocks like Microsoft and Apple, potentially limiting its individual impact on sector performance.
  • Market conditions affecting AI-related semiconductor stocks differently, with Adobe not immune to broader industry trends and regulations.
  • Concerns about the pace of resolving legal issues related to AI authorship and ownership, which could impact future product development and market positioning.
  • Potential challenges in maintaining competitive edge in the rapidly evolving AI technology landscape, requiring continuous innovation and adaptation.
  • Dependency on the successful rollout and adoption of AI products like Firefly for enterprise use, with uncertainties around market acceptance and revenue generation.

ADBE Stock Analysis - Frequently Asked Questions

Should I buy or sell Adobe stock right now?

26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street equities 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?

26 brokers have issued 1-year target prices for Adobe's shares. Their ADBE share price targets range from $499.00 to $730.00. On average, they predict the company's stock price to reach $627.00 in the next year. This suggests a possible upside of 22.0% 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 on January 1st, 2024. Since then, ADBE shares have decreased by 13.9% and is now trading at $513.86.
View the best growth stocks for 2024 here
.

Are investors shorting Adobe?

Adobe saw a increase in short interest in the month of February. As of February 29th, there was short interest totaling 5,400,000 shares, an increase of 8.2% from the February 14th total of 4,990,000 shares. Based on an average daily trading volume, of 3,250,000 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.2% of the company's stock 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) posted its earnings results on Thursday, March, 14th. The software company reported $4.48 earnings per share for the quarter, beating the consensus estimate of $4.38 by $0.10. The software company earned $5.18 billion during the quarter, compared to the consensus estimate of $5.14 billion. Adobe had a trailing twelve-month return on equity of 38.97% and a net margin of 24.08%. Adobe's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.97 EPS.
Read the conference call transcript
.

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 EPS guidance of 4.350-4.400 for the period, compared to the consensus earnings per share 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 a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.90%), Price T Rowe Associates Inc. MD (1.44%), Primecap Management Co. CA (1.31%), Norges Bank (1.22%), Northern Trust Corp (1.12%) and Fisher Asset Management LLC (1.01%). 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 3/19/2024 by MarketBeat.com Staff

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