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Adobe (ADBE)
NASDAQ:ADBE
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ADBE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$433.97 - $638.25
Previous Close$563.41
Volume2.10M
Average Volume (3M)2.85M
Market Cap
$251.82B
Enterprise Value$249.85B
Total Cash (Recent Filing)$8.06B
Total Debt (Recent Filing)$6.09B
Price to Earnings (P/E)50.6
Beta1.85
Next Earnings
Sep 12, 2024EPS Estimate
$4.53Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)11.13
Shares Outstanding443,400,000
10 Day Avg. Volume1,806,544
30 Day Avg. Volume2,845,950
Standard Deviation0.10
R-Squared0.43
Alpha0.00094
Financial Highlights & Ratios
Price to Book (P/B)226.87
Price to Sales (P/S)12.33
Price to Cash Flow (P/CF)32.50
P/FCF Ratio32.60
Enterprise Value/Market CapN/A
Enterprise Value/Revenue12.23
Enterprise Value/Gross Profit14.65
Enterprise Value/Ebitda45.68
Forecast
1Y Price Target
$613.85Price Target Upside8.95% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering28
Adobe News
Bulls Say, Bears Say
Bulls Say
Artificial IntelligenceADBE is seen as one of the most direct ways to play GenAI in software, with Firefly poised to contribute to significant growth.
EarningsADBE is coming off a strong 2Q with NNARR beating guide by 11%, above the 5% beat in 1Q.
Product AnnouncementsFQ4 is set up to bring still better news thanks to product announcements around MAX conference, even greater pricing benefits, and year-end seasonality.
Bears Say
CompetitionThe company faces tough competition across its markets by startups like Canva and OpenAI's DALL-E, which could provide headwinds to Adobe’s growth.
Financial PerformanceShares have stumbled as investors digest lighter-than-expected Q4/Q1 results and less evidence of AI contribution than expected.
Investor SentimentInvestor sentiment on ADBE remains negative due to generally disappointing net new Creative ARR results over the past few quarters.
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Ownership Overview
3.31% Insiders
23.19% Mutual Funds
47.60% Other Institutional Investors
25.90% 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 $433.97 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 Sep 12, 2024 which is in 5 days.
How were Adobe’s earnings last quarter?
Adobe released its earnings results on Jun 13, 2024. The company reported $4.48 earnings per share for the quarter, beating the consensus estimate of $4.39 by $0.09.
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 $4.53.
How many shares outstanding does Adobe have?
Adobe has 443,400,000 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 $4.39. Following the earnings report the stock price went up 14.511%.
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 3B.
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Adobe Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$613.85 (8.95% Upside)
$613.85 (8.95% Upside)
Blogger Sentiment
Bullish
ADBE Sentiment 79%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Increased
By 3.8M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $17.2M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▼ 1.1%
Last 30 Days ▲ 0.5%
Last 30 Days ▲ 0.5%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
0.26%
12-Months-Change
Fundamentals
Return on Equity
34.22%
Trailing 12-Months
Asset Growth
7.79%
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
Q2 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
$613.85
▲(8.95% Upside)
Technical Analysis
Best Analysts Covering ADBE
1 Year
1 Year Success Rate
30/35 ratings generated profit
1 Year Average Return
+20.85%
reiterated a buy rating 3 months ago
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