Adobe Inc. (ADBE)

NASDAQ: ADBE · IEX Real-Time Price · USD
294.97
+9.73 (3.41%)
At close: Oct 4, 2022 4:00 PM
294.69
-0.28 (-0.09%)
After-hours: Oct 4, 2022 7:59 PM EDT
3.41%
Market Cap 137.13B
Revenue (ttm) 17.19B
Net Income (ttm) 4.81B
Shares Out 464.90M
EPS (ttm) 9.87
PE Ratio 29.89
Forward PE 17.83
Dividend n/a
Ex-Dividend Date n/a
Volume 3,641,057
Open 290.95
Previous Close 285.24
Day's Range 290.18 - 296.79
52-Week Range 274.73 - 699.54
Beta 1.13
Analysts Buy
Price Target 397.76 (+34.8%)
Earnings Date Sep 15, 2022

About ADBE

Adobe Inc. operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform. Its flagship product is Creative Cloud, a subscription service that allows members to access its creative products. This segment serves content creators, wo... [Read more...]

Industry Software
IPO Date Aug 20, 1986
CEO Shantanu Narayen
Employees 25,988
Stock Exchange NASDAQ
Ticker Symbol ADBE
Full Company Profile

Financial Performance

In 2021, Adobe's revenue was $15.79 billion, an increase of 22.67% compared to the previous year's $12.87 billion. Earnings were $4.82 billion, a decrease of -8.33%.

Financial Statements

Analyst Forecast

According to 41 analysts, the average rating for ADBE stock is "Buy." The 12-month stock price forecast is 397.76, which is an increase of 34.85% from the latest price.

Price Target
$397.76
(34.85% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Adobe to Host Financial Analyst Meeting at Adobe MAX

SAN JOSE, Calif.--(BUSINESS WIRE)--Adobe (Nasdaq:ADBE) will host a meeting with financial analysts and investors on Tuesday, Oct. 18, 2022 at Adobe MAX in Los Angeles, CA. Adobe's executive team will pr...

13 hours ago - Business Wire

The pain isn't over yet for tech, says Jefferies' Thill

Brent Thill, Jefferies managing director and senior technology analyst, joins 'Power Lunch' to discuss what investors should do with the technology sector, why Thill likes the companies he does and more.

Other symbols: MTCHPANW
1 day ago - CNBC Television

Software Growth Stocks: How 2023 Guidance Plays Out Will Be Key

Software growth stocks are still looking for a catalyst as the sector lags the S&P 500. Guidance for 2023 will be key for software stocks.

3 days ago - Investors Business Daily

Top Tech Stocks to Buy in October and Hold for Long-Term Growth

Let's explore two great large-cap technology stocks for investors to consider buying in October at levels that might look like bargains in the not-too-distant future.

Other symbols: ADITXN
4 days ago - Zacks Investment Research

Is Adobe's Latest Acquisiton a Red Flag?

Buying Figma for $20 billion has shaken investors' confidence.

4 days ago - The Motley Fool

3 Hypergrowth Tech Stocks to Buy to Tap Into a Hidden Bull Market

The days of paying nearly any price for hypergrowth companies are probably over. Technology companies are among the hardest hit, with the macro environment being generally unfavorable to most companies.

Other symbols: CRMNVDA
5 days ago - InvestorPlace

Adobe rolls out Photoshop and Premiere Elements 2023 with AI-powered features

In a bid for the TikTok, YouTube Shorts and Instagram Reels crowd, Adobe today announced updates to Photoshop Elements and Premiere Elements — its lightweight photo and video editing software bundle — t...

5 days ago - TechCrunch

Adobe Stock Breakdown: How Does Adobe Make Money In 2022?

Adobe stock has been suffering since they announced the Figma acquisition earlier this month, in spite of reaching record revenue figures for the third quarter. Let's take a closer look at how this crea...

5 days ago - Forbes

Are Earnings Estimates Out of Sync with the Economy?

Estimates for the last two quarters of this year and full-year 2023 are coming down, even though positive revisions to the Energy sector continue to partly offset estimate cuts elsewhere.

Other symbols: ACNCOSTFDXGISLENORCL
6 days ago - Zacks Investment Research

Adobe's Figma deal brings new users to open-source challenger Penpot, which just raised $8 million

Penpot, a 2-year-old open-source project, is getting new deployments after larger rival Figma agreed to be bought by software giant Adobe.

6 days ago - CNBC

3 Stocks I'm Buying During a Tech Stock Correction

These three tech stocks have room to grow and continue to enjoy strong tailwinds.

Other symbols: OKTAPYPL
1 week ago - The Motley Fool

3 Large-Cap Stocks Seeing Insider Activity in 2022

Of course, price action in the market throughout 2022 has been disappointing, but insiders of Fiserv, Caterpillar, and Adobe have all been busy scooping up shares.

Other symbols: CATFISV
1 week ago - Zacks Investment Research

Top Wall Street analysts name their best stock ideas to ride out the market turbulence

TipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Caterpillar & Salesforce.

Other symbols: CATCRMNATIPLUG
1 week ago - CNBC

Better Software Stock: Adobe vs. Unity

Which struggling software stock has a brighter future?

Other symbols: U
1 week ago - The Motley Fool

Adobe can't Photoshop out the fact its $20bn purchase of Figma is a land grab | John Naughtom

The software giant paying vastly over the odds for a small but strategically threatening company should alarm US regulators

1 week ago - The Guardian

Adobe Stock: Bear vs. Bull

The cloud software giant faces tough near-term challenges.

1 week ago - The Motley Fool

Why Adobe Is Paying $20 Billion for Figma

Follow the cash.

1 week ago - The Motley Fool

The Top 5 Stocks Cathie Wood Is Buying This Week

Exchange-traded fund (ETF) manager Cathie Wood made headlines this week after she announced that she would cede control of her role as portfolio manager for the 3D Printing ETF (BATS: PRNT ) and the ARK...

Other symbols: TSPVLDNTLAVERV
1 week ago - InvestorPlace

Adobe Stock Lost 23% In One Week, What's Next?

Adobe's stock (NASDAQ: ADBE) dropped 22.9% in the last week, significantly underperforming the S&P 500 (down 4%).

1 week ago - Forbes

Adobe's Figma Acquisition: Genius Move or $20 Billion Mistake?

Adobe is paying a massive premium for a company that says it's not even a competitor. Savvy move into a new market, or overpayment on an overreaction?

1 week ago - The Motley Fool

Relative to the fundamentals, software valuations are cheap, says MoffettNathanson's Auty

Sterling Auty, MoffettNathanson, joins 'TechCheck' to discuss where he is on tech valuations, the names that Auty has initiated coverage on and Adobe's decision to acquire Figma.

Other symbols: ADSKASANCRWDDDOG
1 week ago - CNBC Television

How Earnings Estimates are Evolving Amid Inflation and Higher Rates

Q3 estimates have been cut for 14 of the 16 Zacks sectors since the quarter got underway, with the biggest declines at the Consumer Discretionary, Consumer Staples, Technology, Retail and Conglomerates ...

Other symbols: ACNGISORCL
1 week ago - Zacks Investment Research

Adobe Stock Plummets On Acquisition News; Play The Downside Using Diagonal Spreads | IBD

Adobe stock fell over 17% last week after announcing its acquisition of Figma for $20 billion. Using a bearish diagonal spread, investors can bet on the downside in ADBE stock.

1 week ago - Investors Business Daily

Adobe Stock Today: Why This Bearish Put Spread Could Gain $550

The maximum potential gain may hit around $550, if ADBE closes right at 260 on Oct. 21. The post Adobe Stock Today: Why This Bearish Put Spread Could Gain $550 appeared first on Investor's Business Daily.

1 week ago - Investors Business Daily

Got $5,000? These 2 Growth Stocks Are Near Their 52-Week Lows

Don't let the bear market scare you into thinking these solid companies have become bad investments.

Other symbols: AZN
1 week ago - The Motley Fool