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Adobe Inc. (ADBE)

NASDAQ: ADBE · Delayed Price · USD
627.67
-3.17 (-0.50%)
Pre-market:Sep 24, 2021 8:45 AM EDT
630.84
4.76 (0.76%)
At close: Sep 23, 4:00 PM
Market Cap300.58B
Revenue (ttm)14.39B
Net Income (ttm)5.58B
Shares Out478.00M
EPS (ttm)12.10
PE Ratio52.14
Forward PE46.30
Dividendn/a
Ex-Dividend Daten/a
Volume2,725,575
Open632.43
Previous Close626.08
Day's Range627.02 - 633.82
52-Week Range420.78 - 673.88
Beta0.97
AnalystsBuy
Price Target703.15 (+11.5%)
Est. Earnings DateDec 16, 2021

About ADBE

Adobe Inc. operates as a diversified software company worldwide. Its Digital Media segment provides tools and solutions that enable individuals, teams, and enterprises to create, publish, promote, and monetize their digital content. Its flagship product is Creative Cloud, a subscription service that allows customer to download and access the latest versions of its creative products. This segment serves content creators, experience designers, app developers, enthusiasts, students, social media users, and creative professionals; and marketing dep...

IndustrySoftware
Founded1982
CEOShantanu Narayen
Employees22,516
Stock ExchangeNASDAQ
Ticker SymbolADBE
Full Company Profile

Financial Performance

In 2020, Adobe's revenue was $12.87 billion, an increase of 15.19% compared to the previous year's $11.17 billion. Earnings were $5.26 billion, an increase of 78.24%.

Financial Statements

Analyst Forecast

According to 26 analysts, the average rating for Adobe stock is "Buy." The 12-month stock price forecast is 703.15, which is an increase of 11.46% from the latest price.

Price Target
$703.15
(11.46% upside)
Analyst Consensus: Buy

News

Adobe's Stock Fell After Earnings, What Is The Likelihood Of Rise?

Adobe's stock declined by 4.7% in the last twenty-one trading days. In comparison, the broader S&P500 index declined by 2.1% over the same period.

3 hours ago - Forbes

Adobe: Q3 Earnings Insights

Adobe(NASDAQ:ADBE) stock fell by 3.07% on Wednesday after the company reported its Q3 earnings results on Tuesday, September 21, 2021 at 04:05 PM. Here's what investors need to know about the announcement.

1 day ago - Benzinga

Cramer sees opportunity to buy Adobe after CEO's comments dented the stock

"Mad Money" host Jim Cramer said Wednesday that post-earnings comments from the CEO of Adobe should be welcomed by investors.

1 day ago - CNBC Television

What Will Q3 Earnings Season Show?

We know that the earnings picture remains strong, even though the growth pace is expected to decelerate significantly in Q3 and beyond. What we don't know at this stage is.

Other symbols:FDXJPMLENNKEORCL
1 day ago - Zacks Investment Research

4 Top Stock Trades for Thursday: FB, SOFI, ADBE, AFRM

Facebook, SoFi Technologies, Adobe Systems and Affirm Holdings were our top stock trades for Thursday. Now, let's get a look at the charts.

Other symbols:FBSOFIAFRM
1 day ago - InvestorPlace

5 Stocks to Buy in the September Sell-Off

This eclectic mix has something for everyone.

Other symbols:MKLSAMTTWOVRTX
1 day ago - The Motley Fool

Should you buy or sell Adobe shares? The stock fell despite posting solid Q3 results

On Wednesday, Adobe Inc. (NASDAQ:ADBE) shares edged lower more than 3% despite announcing better than expected fiscal Q3 results. The company reported its most recent quarterly results on Tuesday after ...

1 day ago - Invezz

Adobe (ADBE) Q3 Earnings & Revenues Beat Estimates, Rise Y/Y

Adobe's (ADBE) fiscal third-quarter results benefit from the solid performance of Creative Cloud, Document Cloud and Experience Cloud.

1 day ago - Zacks Investment Research

Wall Street Remains Divided On Adobe Post Q3 Beat

Adobe Inc's (NASDAQ:ADBE) Q3 results saw a mixed response from Wall Street as the analysts remained cautious over the annual recurring revenue prospects. The analysts reiterated their ratings, and their...

1 day ago - Benzinga

Stitch Fix surges after earnings beat, FedEx's warning, Adobe growth slows

Yahoo Finance's Brian Sozzi and Emily McCormick break down the latest earnings from Stitch Fix, FedEx, and Adobe. Don't Miss: Valley of Hype: The Culture That Built Elizabeth Holmes WATCH HERE: https://...

Other symbols:FDXSFIX
1 day ago - Yahoo Finance

When Jim Cramer says to buy Adobe shares

CNBC's "Squawk on the Street" team discusses Adobe's stock performance.

1 day ago - CNBC Television

Why Jefferies Sees 18% Upside In Adobe?

Jefferies analyst Brent Thill raised the price target on Adobe Inc (NASDAQ:ADBE) to $760 from $750, implying a 17.7% upside, and reiterated a Buy, post Q3 results.  Adobe reported a "solid beat" for Q3,...

2 days ago - Benzinga

Adobe's Digital Subscription Revenue up 29% to $864M in Q3

Adobe saw digital subscription revenue up 29 percent, now totaling $864 million as of the third quarter, a company earnings report says. The company, based in San Jose, California, saw 23 percent year-o...

2 days ago - PYMNTS

Adobe CEO explains how the software firm approaches partnerships with large firms

Adobe Chairman, President and CEO Shantanu Narayen joined CNBC's Jim Cramer on Tuesday's edition of "Mad Money," discussing how the company scores partnerships with large companies.

2 days ago - CNBC Television

Adobe Systems (ADBE) Q3 Earnings and Revenues Top Estimates

Adobe (ADBE) delivered earnings and revenue surprises of 3.67% and 1.41%, respectively, for the quarter ended August 2021. Do the numbers hold clues to what lies ahead for the stock?

2 days ago - Zacks Investment Research

FedEx Posts Mixed Q1; Adobe, StitchFix Beat

While FedEx (FDX) missed on earnings, Adobe (ADBE) and StitchFix (SFIX) outperformed expectations.

Other symbols:FDXSFIX
2 days ago - Zacks Investment Research

These 2 Earnings Reports Could Smack the Stock Market on Wednesday

Bad news from a couple of companies are moving share price after hours.

Other symbols:FDX
2 days ago - The Motley Fool

Adobe shares are trading lower after-hours: here's why

Adobe Inc (NASDAQ: ADBE) reported its financial results for the third quarter on Tuesday that beat Wall Street estimates. Shares of the company, however, fell about 4.0% in after-hours trading as invest...

2 days ago - Invezz

Adobe Reports Record Revenue

SAN JOSE, Calif.--(BUSINESS WIRE)--Adobe (Nasdaq:ADBE) today reported financial results for its third quarter fiscal year 2021 ended Sept. 3, 2021. Third Quarter Fiscal Year 2021 Financial Highlights Ad...

2 days ago - Business Wire

Earnings Preview: What To Expect From Adobe Today

Adobe Inc. is scheduled to report earnings after Tuesday's close. Here's a closer look.

3 days ago - Forbes

Why Adobe (ADBE) is Poised to Beat Earnings Estimates Again

Adobe (ADBE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

6 days ago - Zacks Investment Research

Adobe (ADBE) to Report Q3 Earnings: What's in the Offing?

Adobe's (ADBE) third-quarter fiscal 2021 results are likely to benefit from solid momentum across the Digital Media and Digital Experience segments.

6 days ago - Zacks Investment Research

Why This 1 Computer and Technology Stock Could Be a Great Addition to Your Portfolio

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Focus List.

6 days ago - Zacks Investment Research

Adobe Inc Ranked Among Today's Top Buys As COVID-19 Concerns Continue To Circle

The S&P 500 posted its best day in two weeks as it tries to stage a rally. Make the most of this market with today's Top Buys from Q.ai's artificial intelligence.

1 week ago - Forbes

Adobe (ADBE) Boosts Reach to Merchants With Payment Facility

Adobe (ADBE) gears up to integrate payment services into the Adobe Commerce platform in a bid to deliver enhanced digital commerce experience to merchants.

1 week ago - Zacks Investment Research