Adobe Inc. (ADBE)

NASDAQ: ADBE · IEX Real-Time Price · USD
555.11
-1.74 (-0.31%)
Jul 19, 2024, 12:19 PM EDT - Market open
-0.31%
Market Cap 246.13B
Revenue (ttm) 20.43B
Net Income (ttm) 5.08B
Shares Out 443.40M
EPS (ttm) 11.13
PE Ratio 50.33
Forward PE 28.83
Dividend n/a
Ex-Dividend Date n/a
Volume 613,177
Open 557.05
Previous Close 556.85
Day's Range 553.96 - 561.09
52-Week Range 433.97 - 638.25
Beta 1.30
Analysts Buy
Price Target 601.38 (+8.34%)
Earnings Date Sep 12, 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]

Sector Technology
IPO Date Aug 20, 1986
Employees 29,945
Stock Exchange NASDAQ
Ticker Symbol ADBE
Full Company Profile

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 Statements

Analyst Forecast

According to 30 analysts, the average rating for ADBE stock is "Buy." The 12-month stock price forecast is $601.38, which is an increase of 8.34% from the latest price.

Price Target
$601.38
(8.34% upside)
Analyst Consensus: Buy
Stock Forecasts

News

TSLA, ADBE Downgrade, NVDA Price Target Hike, T Shares Down After Hack

UBS downgrades Tesla (TSLA) to sell. Piper Sandler lowers cloud stocks like Adobe (ADBE) to better reflect rising macro risk factors and “elevated budget battles.

Other symbols: NVDATSLA
7 days ago - Schwab Network

CreatorIQ Hires Former Omniture, Adobe Executive Chris Harrington as CEO

LOS ANGELES--(BUSINESS WIRE)--CreatorIQ, the industry-leading creator marketing software for global brands and agencies, today announced it's hiring web analytics and marketing software pioneer Chris ...

8 days ago - Business Wire

VSDC 9.2: The Revolution in Video Editing – Outshining Adobe Premiere and DaVinci Resolve!

Toshkent, Uzbekistan, July 10, 2024 (GLOBE NEWSWIRE) -- As the groundbreaker in video editing software, VSDC proudly launches Version 9.2, an update that redefines industry standards and leaves no pla...

8 days ago - GlobeNewsWire

Top 5 Tech Stocks That May Crash This Quarter

As of July 8, 2024, five stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Other symbols: ANETFICOPRFTWIT
11 days ago - Benzinga

Adobe, Oracle Named Top Tech Picks For July: Why This Investor Expects The AI Momentum To Continue

Adobe Inc ADBE and Oracle Corp ORCL were named top technology picks for July by Mizuho on Wednesday. Cerity Partners' Jim Lebenthal maintains positions in both stocks as he believes both will continue...

Other symbols: ORCL
15 days ago - Benzinga

Final Trades: Qualcomm, Apple, Adobe and the XLV

The Investment Committee gives you their top stocks to watch for the second half.

Other symbols: AAPLQCOMXLV
15 days ago - CNBC Television

Calls of the Day: Adobe, Oracle, Union Pacific, MGM Resorts and Nike

The Investment Committee discuss the latest Calls Of The Day.

Other symbols: MGMNKEORCLUNP
15 days ago - CNBC Television

Calls of the Day: Uber, Adobe, SLB, RTX

The Investment Committee discuss the latest Calls Of The Day.

Other symbols: RTXSLBUBER
16 days ago - CNBC Television

Why Adobe and Uber are newly named top stock picks at Deutsche Bank

As the third quarter kicks off, analysts at Deutsche Bank are feeling especially upbeat about shares of Adobe Inc. and Uber Technologies Inc.

Other symbols: UBER
17 days ago - Market Watch

Audiostock Collaborates with Adobe to Launch Music Provision via Audiostock add-on for Adobe Express

LOS ANGELES--(BUSINESS WIRE)--Audiostock, Japan's premier music licensing company, has collaborated with Adobe to begin providing music via Audiostock add-on for Express.

22 days ago - Business Wire

Final Trades: Electronic Arts, Chevron, Adobe and Flex LNG

The Investment Committee share their top stocks to watch for the second half.

Other symbols: CVXEAFLNG
4 weeks ago - CNBC Television

US Government Sues Adobe Over 'Convoluted' Cancellation Process

Customers have complained about having their calls dropped or being endlessly transferred when trying to cancel.

4 weeks ago - CNET

Why are the feds going after Adobe?

The FTC's investigation uncovered that Adobe's cancellation process is designed to be cumbersome and a deterrent.

4 weeks ago - VentureBeat

Adobe Sued By FTC Over Hidden Fees, Cancellation Issues

The FTC alleges Adobe makes it hard for customers to cancel subscriptions, resulting in early termination fees. Here's what you need to know.

4 weeks ago - Kiplinger

Adobe Stock Gained 14% In A Day, What's Next?

Adobe's stock (NASDAQ: ADBE) price jumped 14.5% on 14th June, as compared to a near-zero change in the S&P500 index. In sharp contrast, Adobe's peer Salesforce (NYSE: CRM) was up 1% over the same peri...

4 weeks ago - Forbes

Adobe is having a terrible month

The Department of Justice is suing Adobe over deceptive subscription practices. The lawsuit claims Adobe hides fees and makes it hard to cancel subscriptions.

4 weeks ago - Business Insider

FTC Alleges Adobe Deters Subscription Cancellations, Hides Early Termination Fee

The Federal Trade Commission (FTC) is taking action against Adobe and two of its executives, alleging that they deceived consumers by hiding an early termination fee on a subscription plan and making ...

4 weeks ago - PYMNTS

U.S. Sues Adobe Over Hard-to-Cancel Subscriptions

The maker of Photoshop and other popular design software hid details of expensive cancellation fees, according to a Justice Department lawsuit.

4 weeks ago - NYTimes

Jim Lebenthal buys Adobe

Jim Lebenthal, chief equity strategist at Cerity Partners, joins CNBC's "Halftime Report" to share his latest trades.

4 weeks ago - CNBC Television

US sues Adobe for hiding termination fees and making it difficult to cancel subscriptions

The U.S. Department of Justice has filed a lawsuit against Adobe alleging that the company deceives consumers by hiding the early-termination fee and making it difficult for people to cancel their sub...

4 weeks ago - TechCrunch

Feds sue Photoshop owner Adobe over subscription plans, hefty termination fees

The government said Adobe failed to adequately disclose hefty early termination fees, sometimes reaching hundreds of dollars, when customers sign up for "annual, paid monthly" subscription plans.

4 weeks ago - New York Post

US sues Adobe over subscription plan disclosures

The U.S. government on Monday sued Adobe , accusing the maker of Photoshop and Acrobat of harming consumers by enrolling them in its most lucrative subscription plans without clearly disclosing import...

4 weeks ago - Reuters

Adobe Reimagines PDFs by Integrating Adobe Firefly into Acrobat and Adding Support for Chat Across Multiple Documents in Acrobat AI Assistant

SAN JOSE, Calif.--(BUSINESS WIRE)--Today, Adobe (Nasdaq:ADBE) unveiled major AI innovations in Adobe Acrobat, bringing unprecedented creativity and productivity to digital documents. Starting on June ...

4 weeks ago - Business Wire

Stock Markets Daily Recap: NVIDIA and Adobe Rally as Focus Turns to China

After a mixed Friday (June 14) session for the US equity markets, economic data from China will set the tone for the Asian markets on Monday (June 17).

Other symbols: NVDA
4 weeks ago - FXEmpire

Adobe Stock Pops 15% As Customers Pay Up For Generative AI Services

Since peaking at $663 in November 2021, Adobe's stock market value has fallen 21%. As an investor in the San Jose, Calif.

4 weeks ago - Forbes