Adobe Inc. (ADBE)
| Market Cap | 215.86B |
| Revenue (ttm) | 19.94B |
| Net Income (ttm) | 4.80B |
| Shares Out | 452.00M |
| EPS (ttm) | 10.46 |
| PE Ratio | 45.66 |
| Forward PE | 25.44 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,312,559 |
| Open | 472.31 |
| Previous Close | 473.44 |
| Day's Range | 471.69 - 482.79 |
| 52-Week Range | 331.89 - 638.25 |
| Beta | 1.27 |
| Analysts | Buy |
| Price Target | 617.50 (+29.3%) |
| Earnings Date | Jun 13, 2024 |
About ADBE
Adobe Inc., together with its subsidiaries, 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 se... [Read more]
Financial Performance
In 2023, Adobe's revenue was $19.41 billion, an increase of 10.24% compared to the previous year's $17.61 billion. Earnings were $5.43 billion, an increase of 14.13%.
Financial StatementsAnalyst Forecast
According to 27 analysts, the average rating for ADBE stock is "Buy." The 12-month stock price forecast is $617.5, which is an increase of 29.30% from the latest price.
News
Adobe Spruces Up Photoshop With Generative AI Tools
Adobe is bringing more generative AI tools to Photoshop, powered by its Adobe Firefly Image 3 Foundation Model. Adobe Digital Media President David Wadhwani joins Ed Ludlow and Caroline Hyde from the ...
Adobe to bring full AI image generation to Photoshop this year
Adobe said on Tuesday it plans to place a tool for full artificial intelligence image generation in its Photoshop software later this year.
Adobe Charts the Future of Creativity and AI at MAX London
LONDON--(BUSINESS WIRE)--Adobe is taking MAX, the world's largest creativity conference, on the road to new markets around the world with the first stop in London to share major product releases and e...
New Adobe Photoshop with Advanced Generative Fill and Generate Image Brings New Superpowers to All
LONDON--(BUSINESS WIRE)--Today, at MAX London – The Creativity Conference – Adobe (Nasdaq:ADBE) unveiled the all-new Photoshop (beta) with breakthrough advancements in Generative Fill now with Referen...
Adobe Introduces Firefly Image 3 Foundation Model to Take Creative Exploration and Ideation to New Heights
LONDON--(BUSINESS WIRE)--Today, at MAX London – The Creativity Conference – Adobe (Nasdaq:ADBE) debuted Adobe Firefly Image 3 Foundation Model, the next major release in its family of creative generat...
Adobe Launches AI-Powered Mobile App for Creating Content
Adobe has launched a new Adobe Express mobile app that uses Adobe Firefly generative artificial intelligence (GenAI) to facilitate content creation. The new mobile app enables users to design and shar...
All-New Adobe Express Mobile App with Firefly AI Now Available to Millions Empowering them to Create Standout Content On-the-Go
SAN JOSE, Calif.--(BUSINESS WIRE)--Today, Adobe (Nasdaq:ADBE) announced that the all-new Adobe Express mobile app is available to all users, bringing features powered by Adobe Firefly generative AI di...
2 Cheap Growth Stocks to Buy During 2Q
These undervalued stocks from the growth side of the Morningstar style box are among our analysts' favorites today. 00:00 Introduction 00: 31 Adobe ADBE 01:09 Illumina ILMN I'm Susan Dziubinski with M...
Adobe explores OpenAI partnership as it adds AI video tools
Adobe on Monday said it is in the early stages of allowing the use of third-party generative artificial intelligence tools from OpenAI and others inside of its widely used video editing software.
Adobe's working on generative video, too
Adobe says it's building an AI model to generate video. But it's not revealing when this model will launch, exactly — or much about it besides the fact that it exists.
Adobe Adds New AI Video Editing and Creation Tools
Software firm Adobe is expanding its artificial-intelligence-software push into video, opening the door to working with emerging text-to-video tools such as OpenAI's recently unveiled Sora.
Adobe Previews Breakthrough AI Innovations to Advance Professional Video Workflows Within Adobe Premiere Pro
SAN JOSE, Calif.--(BUSINESS WIRE)--Today, Adobe (Nasdaq: ADBE) previewed breakthrough generative AI innovations within Adobe Premiere Pro that will reimagine video creation and production workflows, d...
Adobe releases Acrobat AI assistant starting at $4.99 a month
Adobe released its artificial intelligence assistant across Acrobat applications through a monthly subscription plan starting at $4.99.
Adobe Transforms Digital Document Experiences this Tax Season with General Availability of Acrobat AI Assistant
SAN JOSE, Calif.--(BUSINESS WIRE)--More than 25 years ago, the Internal Revenue Service of the United States standardized tax documents on PDF as part of the agency's original electronic filing method...
Adobe's 'Ethical' AI Tools Used Rival AI Images for Training
Adobe has touted its artificial intelligence model as a more ethical and “commercially safe” alternative to competitors. However, Bloomberg's reporting found that Adobe has been relying in part on AI-...
Adobe Paying for Videos, Images to Train AI Models
Adobe is reportedly paying artists and photographers to supply videos and images that will be used to train the company's artificial intelligence models. The company is using images from its own libra...
Adobe stock price forecast: red alert as death cross nears
Adobe (NASDAQ: ADBE) stock price is in a freefall, and the worst may be yet to come. It has crashed to a low of $487, its lowest level since July 2023.
Backlight Introduces New ftrack Studio and Adobe Photoshop Integration
BOSTON--(BUSINESS WIRE)-- #WeAreBacklight--Backlight announces a new integration between its Academy Award-winning collaboration platform, ftrack Studio, and Adobe Photoshop.
Adobe Introduces Next Generation of Frame.io To Accelerate Content Workflow and Collaboration for Every Creative Project
SAN JOSE, Calif.--(BUSINESS WIRE)--Today, Adobe (Nasdaq: ADBE) introduced the all-new Frame.io V4, a flexible, fast and intuitive creative collaboration platform that streamlines and simplifies workfl...
Top three U.S. AI stocks to buy in April
Statista forecasts exceptional growth in the artificial intelligence market over the next few years. Here are the three U.S. based top AI stocks to benefit from that expected rally in 2024.
Reply Recognised as Leader in the PAC Innovation RADAR for Adobe Services in Europe
TURIN, Italy--(BUSINESS WIRE)--In the recently published PAC Innovation RADAR "Adobe Services in Europe 2024", an industry study by the independent market research and consulting company PAC (Pierre A...
Adobe Commerce Taps Adyen to Support Global Omnichannel Enterprises
Adobe and Adyen have partnered to enable online and in-store payments for global enterprise merchants that use Adobe Commerce. With this partnership, merchants operating on Adobe Commerce will be able...
Adobe unveils new AI tools
Creative software developer Adobe (ADBE) kicked off its Adobe Summit — Digital Experience Conference in Las Vegas on Tuesday, March 26. The three-day event will showcase all the new ways Adobe is usin...
Adobe Sees AI Driving Expanded Market. Investors Still Fret Over New Rivals.
Adobe shares are down nearly 15% since OpenAI unveiled Sora, a stunning text-to-video creation tool, in mid-February.
Adobe CEO on AI innovation, expanding AI strategy and revenue growth
Shantanu Narayen, Adobe CEO, joins 'Closing Bell: Overtime' to discuss the Adobe Summit where it unveiled a suite of AI innovations.