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NASDAQ:ADBE

Adobe (ADBE) Stock Price, News & Analysis

$563.41
-4.52 (-0.80%)
(As of 09/6/2024 ET)
Today's Range
$558.00
$573.31
50-Day Range
$509.32
$578.34
52-Week Range
$433.97
$638.25
Volume
2.10 million shs
Average Volume
3.17 million shs
Market Capitalization
$249.82 billion
P/E Ratio
50.62
Dividend Yield
N/A
Price Target
$605.52

Adobe MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.62 Rating Score
Upside/​Downside
7.5% Upside
$605.52 Price Target
Short Interest
Healthy
1.18% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.55
Upright™ Environmental Score
News Sentiment
0.68mentions of Adobe in the last 14 days
Based on 40 Articles This Week
Insider Trading
Selling Shares
$14.99 M Sold Last Quarter
Proj. Earnings Growth
13.34%
From $14.69 to $16.65 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.

4.20 out of 5 stars

Computer And Technology Sector

152nd out of 594 stocks

Prepackaged Software Industry

43rd out of 202 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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Are Tech Stocks Making a Comeback? 3 Top Picks Leading the Way
Three stocks in the technology sector stand out for investors as potential names to deliver double-digit upside driven by fundamental results and analysts
What is Nvidia’s New $1 Trillion SuperProject?
Taiwan Semiconductor, a partner of Nvidia’s for more than two decades, has seen its shares explode as much as 4,744%. Now, if you’re like everybody else, you want to know what Nvidia’s doing next … and who they’re going to partner with …
Adobe's top lawyer, key to AI strategy leaving company
What is Nvidia’s New $1 Trillion SuperProject?
Taiwan Semiconductor, a partner of Nvidia’s for more than two decades, has seen its shares explode as much as 4,744%. Now, if you’re like everybody else, you want to know what Nvidia’s doing next … and who they’re going to partner with …
Oppenheimer Raises Adobe (NASDAQ:ADBE) Price Target to $625.00
Adobe Launches AI-Driven B2B Marketing Solution
Latest news for Adobe (NASDAQ:ADBE) Stock
Is Adobe Inc. (ADBE) the Best Augmented Reality Stock to Buy Now?
Adobe (NASDAQ:ADBE) Price Target Raised to $675.00
Adobe (ADBE) to Release Quarterly Earnings on Thursday
Adobe’s Undervalued Stock with Positive Outlook: A Buy Rating Analysis
See More Headlines
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Company Calendar

Last Earnings
6/13/2024
Today
9/07/2024
Next Earnings (Confirmed)
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
$605.52
High Stock Price Target
$730.00
Low Stock Price Target
$450.00
Potential Upside/Downside
+7.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.62
Research Coverage
29 Analysts

Profitability

Net Income
$5.43 billion
Pretax Margin
31.57%

Debt

Sales & Book Value

Annual Sales
$20.43 billion
Cash Flow
$14.54 per share
Book Value
$36.28 per share

Miscellaneous

Free Float
442,735,000
Market Cap
$249.82 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's stock price has been consistently increasing, reaching $554.16 on the latest trading day, showing positive momentum.
  • Analysts have given Adobe a consensus rating of "Moderate Buy" with a target price of $601.38, indicating positive sentiment towards the company's future performance.
  • Adobe has a strong market capitalization of $245.71 billion, reflecting the company's stability and growth potential in the market.
  • Recent insider activity shows that CAO Mark S. Garfield sold shares at higher prices, suggesting confidence in Adobe's future prospects.
  • Several Wall Street analysts have reiterated positive ratings on Adobe, with price targets above the current stock price, signaling optimism in the company's growth trajectory.

Cons

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

  • Adobe's PE ratio of 49.79 and PEG ratio of 2.85 indicate that the stock may be overvalued compared to its growth prospects, potentially leading to limited upside for investors.
  • Despite positive analyst ratings, there are two sell ratings on Adobe, suggesting some concerns or uncertainties about the company's future performance.
  • The company's debt-to-equity ratio of 0.28 may raise concerns about its financial leverage and ability to manage debt obligations in the future.
  • Adobe's beta of 1.30 indicates that the stock is relatively more volatile compared to the market, which may pose risks for investors during market fluctuations.
  • While Adobe has shown growth, the current price may already reflect future expectations, limiting potential returns for investors entering at higher price levels.
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 Tuesday, September 3, 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 at the beginning of the year. Since then, ADBE stock has decreased by 5.6% and is now trading at $563.41.
View the best growth stocks for 2024 here
.

How were Adobe's earnings last quarter?

Adobe Inc. (NASDAQ:ADBE) released its quarterly earnings results on Thursday, June, 13th. The software company reported $4.48 earnings per share for the quarter, topping the consensus estimate of $4.39 by $0.09. The company's quarterly revenue was up 10.2% on a year-over-year basis.
Read the conference call transcript
.

How will Adobe's stock buyback program work?

Adobe's Board of Directors authorized a stock buyback plan on Thursday, March 14th 2024, which authorizes the company to buy back $25,000,000,000 in shares, according to EventVestor. This means that the company could repurchase up to 10.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its stock is 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 ContentCal, Frame.io, Workfront, Oculus Medium, Allegorithmic, Marketo, Adobe Commerce, and more.

Who are Adobe's major shareholders?

Top institutional investors of Adobe include Bank of New York Mellon Corp (1.37%), Primecap Management Co. CA (1.29%), Legal & General Group Plc (0.91%) and Ameriprise Financial Inc. (0.74%). 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 9/7/2024 by MarketBeat.com Staff

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