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NASDAQ:ADBE

Adobe (ADBE) Stock Price, News & Analysis

$575.40
-2.94 (-0.51%)
(As of 07/8/2024 ET)
Today's Range
$563.92
$576.75
50-Day Range
$439.02
$578.34
52-Week Range
$433.97
$638.25
Volume
3.01 million shs
Average Volume
3.56 million shs
Market Capitalization
$255.13 billion
P/E Ratio
51.70
Dividend Yield
N/A
Price Target
$607.67

Adobe MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
5.6% Upside
$607.67 Price Target
Short Interest
Healthy
1.50% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.55
Upright™ Environmental Score
News Sentiment
0.94mentions of Adobe in the last 14 days
Based on 28 Articles This Week
Insider Trading
Selling Shares
$15.17 M Sold Last Quarter
Proj. Earnings Growth
13.27%
From $14.69 to $16.64 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.

4.54 out of 5 stars

Computer And Technology Sector

68th out of 568 stocks

Prepackaged Software Industry

17th out of 189 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

Adobe logo sign
3 Recent Stock Buybacks: Adobe, Marathon, and FedEx Lead the Way (ADBE)
Three companies are starting to buy back stock this quarter, and financial strength in their companies lets them do this. Wall Street analysts see more upside
Adobe logo sign
3 Recent Stock Buybacks: Adobe, Marathon, and FedEx Lead the Way
When investors consider the main ways to get their money back from an investment and a reasonable return on that initial investment, the average retail investor thinks of two main approaches. First is the classic ‘buy low and sell high' approach, which means someone sold stock at a profit and created a taxable event for those capital gains.
Kiss of death from Joe Biden
I did not consent. You did not consent. It’s in direct violation of the U.S. Constitution but Biden does not care.
Adobe Inc. logo is displayed on a smartphone screen
Adobe Stock Joined the A.I. Upswing with Impressive Gains
Once threatened by the advancements in artificial intelligence (AI), shares of Adobe Inc. NASDAQ: ADBE  are now having their best day in over four years, all because of AI. The stock is now rallying by over 15% on the company's most recent quarterly earnings results, primarily driven by some trends that have driven the technology sector higher this year.
Adobe Inc. logo is displayed on a smartphone screen
Adobe Stock Joined the A.I. Upswing with Impressive Gains (ADBE)
Adobe stock has already rallied by double-digits after reporting its quarterly earnings, but analysts think it could go for another double-digit run soon
Adobe logo on smartphone screen with stock market background
Adobe Stock: It's Not Too Late To Buy The Dip
The price correction in Adobe NASDAQ: ADBE stock experienced over the past two quarters was not unwarranted. The company's AI prospects aside, the results were solid but failed to show the boost seen in other prominent AI players, including NVIDIA NASDAQ: NVDA, Micron NASDAQ: MU, Microsoft NASDAQ: MSFT, Meta NASDAQ: META, Alphabet NASDAQ: GOOGL and Oracle NYSE: ORCL.
Kiss of death from Joe Biden
I did not consent. You did not consent. It’s in direct violation of the U.S. Constitution but Biden does not care.
Adobe logo on smartphone screen with stock market background
Adobe Stock: It’s Not Too Late To Buy The Dip
Adobe had a great quarter and raised guidance. The analysts are raising their price targets and leading the market to a new all-time high; a 35% upside.
Autodesk logo displayed on building
Autodesk's Quarterly Results Could Drive It Back to Recent Highs (ADBE)
Autodesk stock is looking to come back to its recent highs after a strong set of quarterly financial results, Wall Street analysts think it could rally to $320
Autodesk logo displayed on a smartphone
Autodesk Raises Guidance After Clearing Audit Investigation (ADBE)
Autodesk Inc. (NASDAQ: ADSK) is a leading provider of 3D design, engineering, and entertainment technology solutions. It's widely known for its CAD
Adobe: A Generative AI Software Play
Is Adobe (ADBE) an Unbeaten Stock in the AI Environment?
Adobe (NASDAQ:ADBE) Shares Up 0.4%
Adobe (NASDAQ:ADBE) Upgraded by StockNews.com to "Buy"
Adobe: Ride The Winning Generative AI Play
See More Headlines
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Company Calendar

Last Earnings
6/13/2024
Today
7/09/2024
Next Earnings (Estimated)
9/12/2024
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
$607.67
High Stock Price Target
$730.00
Low Stock Price Target
$450.00
Potential Upside/Downside
+5.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
30 Analysts

Profitability

Net Income
$5.43 billion
Pretax Margin
31.57%

Debt

Sales & Book Value

Annual Sales
$19.41 billion
Cash Flow
$14.75 per share
Book Value
$33.47 per share

Miscellaneous

Free Float
442,735,000
Market Cap
$255.13 billion
Optionable
Optionable
Beta
1.30

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Should I Buy Adobe Stock? ADBE Pros and Cons Explained

Pros

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

  • Adobe stock has shown resilience and growth potential, trading at $560.01 on July 7, 2024.
  • Adobe's consistent innovation and leadership in creative software solutions, such as the latest versions of Adobe Creative Cloud, continue to attract a loyal customer base.
  • Strong financial performance with a market capitalization of $248.31 billion, indicating stability and investor confidence.
  • Positive analyst ratings and price targets, with a consensus rating of "Moderate Buy" and an average price target of $607.67, suggesting further upside potential.
  • Robust product portfolio diversification beyond creative software, including digital experience and document services, enhancing revenue streams and market reach.

Cons

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

  • Market volatility and economic uncertainties could impact Adobe's stock price, leading to short-term fluctuations and potential risks for investors.
  • Intense competition in the software industry, particularly in the cloud-based services sector, may challenge Adobe's market position and growth prospects.
  • Dependence on subscription-based revenue models could pose risks during economic downturns or shifts in consumer preferences, affecting revenue stability.
  • Regulatory changes or data privacy concerns could impact Adobe's operations and compliance costs, potentially affecting profitability and investor sentiment.
  • Potential cybersecurity threats and data breaches could harm Adobe's reputation and financial performance, leading to investor skepticism and market reactions.
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 Sunday, July 7, 2024. Please send any questions or comments about these Adobe pros and cons to contact@marketbeat.com.

ADBE Stock Analysis - Frequently Asked Questions

How have ADBE shares performed this year?

Adobe's stock was trading at $596.60 on January 1st, 2024. Since then, ADBE stock has decreased by 3.6% and is now trading at $575.40.
View the best growth stocks for 2024 here
.

How were Adobe's earnings last quarter?

Adobe Inc. (NASDAQ:ADBE) issued its quarterly earnings data on Thursday, June, 13th. The software company reported $4.48 EPS for the quarter, beating the consensus estimate of $4.39 by $0.09. Adobe's quarterly revenue was up 10.2% compared to the same quarter last year.
Read the conference call transcript
.

How will Adobe's stock buyback program work?

Adobe's Board of Directors approved a stock buyback plan on Thursday, March 14th 2024, which allows the company to repurchase $25,000,000,000 in shares, according to EventVestor. This means that the company could purchase up to 10.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its shares are undervalued.

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.

Does Adobe have any subsidiaries?

Adobe subsidiaries include these companies: ContentCal, Frame.io, Workfront, Oculus Medium, Allegorithmic, Marketo, Adobe Commerce, and others.

Who are Adobe's major shareholders?

Top institutional shareholders of Adobe include DNB Asset Management AS (0.05%), Massmutual Trust Co. FSB ADV (0.02%), Boston Common Asset Management LLC (0.01%) and Hudson Valley Investment Advisors Inc. ADV. Insiders that own company stock include Shantanu Narayen, John E Warnock, John E Warnock, Anil Chakravarthy, Ann Lewnes, Scott Belsky, Daniel Durn, Dana Rao, David Wadhwani, David A Ricks, Mark S Garfield, Amy Banse and Gloria Chen.
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.

What other stocks do shareholders of Adobe own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Adobe investors own include NVIDIA (NVDA), Alibaba Group (BABA), Netflix (NFLX), Salesforce (CRM), PayPal (PYPL), Mastercard (MA) and Walt Disney (DIS).

This page (NASDAQ:ADBE) was last updated on 7/9/2024 by MarketBeat.com Staff

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