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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$515.03
Volume1.08M
Average Volume (3M)2.66M
Market Cap
$225.30B
Enterprise Value$226.39B
Total Cash (Recent Filing)$8.06B
Total Debt (Recent Filing)$6.09B
Price to Earnings (P/E)43.5
Beta1.74
Next Earnings
Dec 12, 2024EPS Estimate
$4.66Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)11.84
Shares Outstanding443,400,000
10 Day Avg. Volume3,840,097
30 Day Avg. Volume2,664,846
Standard Deviation0.10
R-Squared0.43
Alpha0.00094
Financial Highlights & Ratios
Price to Book (P/B)15.38
Price to Sales (P/S)11.32
Price to Cash Flow (P/CF)30.70
P/FCF Ratio30.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue11.08
Enterprise Value/Gross Profit13.27
Enterprise Value/Ebitda41.40
Forecast
1Y Price Target
$622.18Price Target Upside22.45% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering30
Adobe News
Bulls Say, Bears Say
Bulls Say
AI And TechnologyDocument Cloud revenue was up 18% YoY to US$807mn in 3QFY24, with net new ARR of US$163mn, driven by solid usage & MAU growth and the strength in monetization of its AI Assistant.
Market PositionADBE remains well positioned to benefit from digital transformation with its comprehensive end-to-end offering.
Product InnovationDigital Media net new ARR was US$504mn in 3QFY24 and c.10% ahead of the company guidance, as product innovations drove strength in both Creative and Document Cloud, and a few large deals were closed earlier than expected.
Bears Say
CompetitionIncreased competition from players such as Canva and Figma, and uncertainty around the long-term impacts of GenAI.
EarningsADBE projected F4Q revenue of $5.50B-$5.55B, which was below the Street's $5.60B target, largely due to FX.
GuidanceQ4 guidance missed on all metrics: 4Q DM NNARR of $550M at the mid-point is below Citi/Street at ~$572B, and total revenue guidance of ~$5.53B.
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Ownership Overview
3.31% Insiders
23.19% Mutual Funds
47.66% Other Institutional Investors
25.84% 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 Dec 12, 2024 which is in 84 days.
How were Adobe’s earnings last quarter?
Adobe released its earnings results on Sep 12, 2024. The company reported $4.65 earnings per share for the quarter, beating the consensus estimate of $4.532 by $0.118.
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 $4.66.
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 $4.65 in its last earnings report, beating expectations of $4.532. Following the earnings report the stock price went down -8.47%.
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
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Analyst Consensus
Moderate Buy
Average Price Target:
$622.18 (22.45% Upside)
$622.18 (22.45% Upside)
Blogger Sentiment
Bullish
ADBE Sentiment 78%
Sector Average 66%
Sector Average 66%
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
Very Positive
Last 7 Days ▲ 1.2%
Last 30 Days ▲ 3.0%
Last 30 Days ▲ 3.0%
News Sentiment
Bullish
Bullish news 67%
Bearish news 33%
Bearish news 33%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-2.62%
12-Months-Change
Fundamentals
Return on Equity
35.35%
Trailing 12-Months
Asset Growth
2.54%
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 Earnings Call
Q3 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
$622.18
▲(22.45% Upside)
Technical Analysis
Best Analysts Covering ADBE
1 Year
1 Year Success Rate
24/31 ratings generated profit
1 Year Average Return
+20.36%
reiterated a buy rating 13 days ago
Copying Brad Zelnick's trades and holding each position for 1 Year would result in 77.42% of your transactions generating a profit, with an average return of +20.36% per trade.
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