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Adobe (ADBE)
NASDAQ:ADBE
Adobe (ADBE) Stock Price & Analysis
17,434 Followers
ADBE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$433.97 - $638.25
Previous Close$566.54
Volume1.54M
Average Volume (3M)3.38M
Market Cap
$251.20B
Enterprise Value$249.23B
Total Cash (Recent Filing)$8.06B
Total Debt (Recent Filing)$6.09B
Price to Earnings (P/E)50.9
Beta1.91
Next Earnings
Sep 12, 2024EPS Estimate
$4.53Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)11.13
Shares Outstanding448,000,000
10 Day Avg. Volume5,937,192
30 Day Avg. Volume3,379,514
Standard Deviation0.10
R-Squared0.46
Alpha-0.00246
Financial Highlights & Ratios
Price to Book (P/B)145.19
Price to Sales (P/S)46.12
Price to Cash Flow (P/CF)50.90
P/FCF Ratio51.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue12.20
Enterprise Value/Gross Profit14.61
Enterprise Value/Ebitda45.57
Forecast
1Y Price Target
$611.93Price Target Upside8.01% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering29
Adobe News
PremiumStock Analysis & Ideas
Adobe Stock (NASDAQ:ADBE): Q2 Results Crush Market Concerns
PremiumStock Analysis & Ideas
Why Adobe (NASDAQ:ADBE) Looks Enticing after 15% Surge
Bulls Say, Bears Say
Bulls Say
AI IntegrationAdobe is well-positioned to benefit from the Generative AI opportunities, which will help user base expansion, retention improvement, free-to-paid conversion, and potential price uplift.
Financial PerformanceRevenue grew 10% YoY to US$5.3bn led by higher subscription sales for its creative and document management solutions.
Market OpportunitiesAdobe’s total addressable market is expected to record a compound annual growth rate of 13% over the next few years and reach US$293 billion, suggesting a long growth runway for Adobe in the long term.
Bears Say
CompetitionIncreased competition from players such as Canva and Figma and uncertainty around the long-term impacts of GenAI on the creative space are two main threats the company is facing.
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
23.82% Mutual Funds
25.95% Other Institutional Investors
46.91% 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 57 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:
$611.93 (8.01% Upside)
$611.93 (8.01% Upside)
Blogger Sentiment
Bullish
ADBE Sentiment 77%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Decreased
By 295.8K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $17.2M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days ▼ 1.1%
Last 30 Days ▲ 1.3%
Last 30 Days ▲ 1.3%
News Sentiment
Bullish
Bullish news 75%
Bearish news 25%
Bearish news 25%
Technicals
SMA
Positive
20 days / 200 days
Momentum
9.88%
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
$611.93
▲(8.01% Upside)
Technical Analysis
Best Analysts Covering ADBE
1 Year
1 Year Success Rate
25/30 ratings generated profit
1 Year Average Return
+22.06%
reiterated a buy rating last month
Copying Brad Zelnick's trades and holding each position for 1 Year would result in 83.33% of your transactions generating a profit, with an average return of +22.06% per trade.
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