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NASDAQ:ADBE

Adobe (ADBE) Stock Price, News & Analysis

$615.86
+0.01 (+0.00%)
(As of 02/8/2024 ET)
Today's Range
$612.51
$621.34
50-Day Range
$564.60
$634.76
52-Week Range
$318.60
$638.25
Volume
1.81 million shs
Average Volume
2.57 million shs
Market Capitalization
$278.37 billion
P/E Ratio
52.15
Dividend Yield
N/A
Price Target
$613.14

Adobe MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
0.4% Downside
$613.14 Price Target
Short Interest
Healthy
1.21% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.55
Upright™ Environmental Score
News Sentiment
0.79mentions of Adobe in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$26.43 M Sold Last Quarter
Proj. Earnings Growth
12.53%
From $14.60 to $16.43 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.

4.65 out of 5 stars

Computer And Technology Sector

59th out of 578 stocks

Prepackaged Software Industry

11th out of 199 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

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With household budgets constrained by inflation and high interest rates, many Americans have been turning to BNPL alternatives such as those offered by Affirm.
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It Has Billionaires JOKING About It! There's an unusual income tactic Warren Buffett has relied on time and time again for BILLIONS in dividend payouts. Carl Icahn once joked it was "like taking candy from a baby."  
Adobe Systems (ADBE) Rises Higher Than Market: Key Facts
After Calling Off Figma Deal, Adobe Looks More Attractive
Adobe Stock's Breather Could Be Short-Lived
Income Expert and Author of Get Rich With Dividends Is Giving Away His Top Income Secrets… FOR FREE!
Income Expert and Author of Get Rich With Dividends Is Giving Away His Top Income Secrets…FOR FREE!
ADBE Feb 2024 645.000 call
ADBE Feb 2024 592.500 call
Why Adobe Systems (ADBE) is a Top Stock for the Long-Term
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20 Countries That Will Pay You to Move There in 2024
See More Headlines
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Company Calendar

Last Earnings
12/13/2023
Today
2/08/2024
Next Earnings (Estimated)
3/20/2024
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
$613.14
High Stock Price Target
$730.00
Low Stock Price Target
$350.00
Potential Upside/Downside
-0.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.70
Research Coverage
27 Analysts

Profitability

Net Income
$5.43 billion
Pretax Margin
35.03%

Debt

Sales & Book Value

Annual Sales
$19.41 billion
Cash Flow
$15.04 per share
Book Value
$36.28 per share

Miscellaneous

Free Float
450,915,000
Market Cap
$278.53 billion
Optionable
Optionable
Beta
1.34

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ADBE Stock Analysis - Frequently Asked Questions

Should I buy or sell Adobe stock right now?

27 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last year. There are currently 1 sell rating, 6 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?

27 Wall Street research analysts have issued 1-year target prices for Adobe's stock. Their ADBE share price targets range from $350.00 to $730.00. On average, they predict the company's stock price to reach $613.14 in the next twelve months. This suggests that the stock has a possible downside of 0.4%.
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 increased by 3.2% and is now trading at $615.86.
View the best growth stocks for 2024 here
.

Are investors shorting Adobe?

Adobe saw a decline in short interest in January. As of January 15th, there was short interest totaling 5,440,000 shares, a decline of 15.7% from the December 31st total of 6,450,000 shares. Based on an average daily trading volume, of 2,860,000 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.2% of the shares of the company are sold short.
View Adobe's Short Interest
.

When is Adobe's next earnings date?

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

How were Adobe's earnings last quarter?

Adobe Inc. (NASDAQ:ADBE) posted its quarterly earnings results on Wednesday, December, 13th. The software company reported $4.27 EPS for the quarter, beating analysts' consensus estimates of $4.13 by $0.14. The software company earned $5.05 billion during the quarter, compared to the consensus estimate of $5.01 billion. Adobe had a trailing twelve-month return on equity of 38.30% and a net margin of 27.97%. The company's revenue was up 11.6% compared to the same quarter last year. During the same period last year, the firm posted $2.78 EPS.
Read the conference call transcript
.

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

Adobe updated its FY 2024 earnings guidance on Wednesday, December, 13th. The company provided EPS guidance of 17.600-18.000 for the period, compared to the consensus estimate of 18.000. The company issued revenue guidance of $21.3 billion-$21.5 billion, compared to the consensus revenue estimate of $21.7 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 variety of retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (1.01%), Jennison Associates LLC (0.95%), Charles Schwab Investment Management Inc. (0.58%), Concentrum Wealth Management (0.53%), Brown Advisory Inc. (0.53%) and Principal Financial Group Inc. (0.45%). 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.
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This page (NASDAQ:ADBE) was last updated on 2/8/2024 by MarketBeat.com Staff

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