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A lithium-ion battery fire in a cargo ship's hold is out after several days of burning
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S&P 500   4,769.83
DOW   37,689.54
QQQ   409.52
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FINAL OFFER: $9 for a FULL YEAR of stock picks (Ad)
A lithium-ion battery fire in a cargo ship's hold is out after several days of burning
Chief Justice Roberts casts a wary eye on the uses of artificial intelligence in the federal courts
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S&P 500   4,769.83
DOW   37,689.54
QQQ   409.52
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A lithium-ion battery fire in a cargo ship's hold is out after several days of burning
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NASDAQ:ADBE

Adobe (ADBE) Stock Price, News & Analysis

$596.60
+1.08 (+0.18%)
(As of 12/29/2023 ET)
Today's Range
$592.94
$600.75
50-Day Range
$508.12
$633.66
52-Week Range
$318.60
$633.89
Volume
1.89 million shs
Average Volume
3.45 million shs
Market Capitalization
$271.63 billion
P/E Ratio
50.52
Dividend Yield
N/A
Price Target
$615.25

Adobe MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.78 Rating Score
Upside/​Downside
3.1% Upside
$615.25 Price Target
Short Interest
Healthy
1.04% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.55
Upright™ Environmental Score
News Sentiment
0.55mentions of Adobe in the last 14 days
Based on 33 Articles This Week
Insider Trading
Selling Shares
$22.29 M Sold Last Quarter
Proj. Earnings Growth
12.53%
From $14.60 to $16.43 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.60 out of 5 stars

Computer And Technology Sector

77th out of 589 stocks

Prepackaged Software Industry

19th out of 199 stocks


ADBE stock logo

About Adobe Stock (NASDAQ:ADBE)

Adobe Inc. is a leading global software company specializing in creating, publishing and distributing digital content, including graphics, illustration, photography, multimedia/video, animation, motion pictures and print. Founded in December 1982 by John Warnock and Charles Geschke, Adobe has become one of the world's largest and most influential software companies. Headquartered in San Jose, California, the company employs more than 26,000 people across the globe.

Adobe's products include Adobe Acrobat Reader and the Portable Document Format (PDF), Adobe Photoshop image editing software,  Adobe Illustrator vector-based illustration software and a range of tools primarily for audio-visual content creation, editing and publishing. Its Creative Cloud subscription service allows members to access the latest versions of its innovative products. 

At the same time, its digital experience segment provides solutions and services for digital advertising, marketing, analytics, social marketing, targeting, media optimization, digital experience management and cross-channel campaign management. Adobe also offers legacy products and services for eLearning solutions, technical document publishing, web application development and high-end printing.

Adobe's commitment to innovation has earned it numerous recognitions and awards, including being named one of the "100 Best Companies to Work for" by Fortune since 2000, one of the "Best Places to Work" by Glassdoor and one of Fast Company's "Brands that Matter." The company has also been featured in Maclean's magazine as one of Canada's Top 100 Employers and received a five-star rating from the Electronic Frontier Foundation concerning its handling of government data requests in 2017.

Adobe has also been the subject of criticism. Consumers have been critical of its pricing practices, with retail prices increasing to twice as much in non-U.S. countries. Its Reader and Flash programs list as some of the most-hated programs of all time, and hackers have exploited vulnerabilities in Adobe programs to gain unauthorized computer access. Consumers also criticize Adobe for pushing unwanted software and handling government data requests.

However, Adobe has continued to push the boundaries and innovate with acquisitions such as Magento Commerce, Marketo, Allegorithmic, Workfront, Frame.io and Figma. In addition, the company has added payment services to its e-commerce platform and imposed a ban on the political ads features on its digital advert sales platform as the United States presidential elections approached in 2020. With its dedication to helping customers create compelling content and experiences, Adobe will remain a key player in the software industry for the foreseeable future.

ADBE Stock Price History

ADBE Stock News Headlines

Adobe calls off $20 billion deal for Figma after pushback from Europe over possible antitrust issues
Adobe’s planned $20 billion acquisition of online design company Figma is being called off due to pushback in Europe over antitrust concerns
MarketBeat Week in Review: 12/11 - 12/15 (ADBE)
The rally in stocks moved into high gear on hopes for interest rate hikes next year; conditions are right for the rally to continue into 2024.
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Adobe: From creative kingpin to AI pioneer?
Adobe's fiscal success clashes with regulatory concerns and divergent analyst views, spotlighting its financial prowess and uncertain future.
Adobe stumbles into another buy-the-dip opportunity
Adobe's results echo Oracle and point to a market reset that should result in a buy-the-dip opportunity and higher share prices in 2024.
Which stocks benefited from mentioning AI in their Q3 earnings? (ADBE)
Companies continue to mention AI in their earnings reports; a recent report helps you understand which stocks are getting a lift from these mentions
3 tech outperformers adored by analysts (ADBE)
A look at three standout tech stocks that have outperformed the sector and their respective industries, and which are beloved by analysts
Analysts shift attention to new market leaders in Q4 (ADBE)
The top rankings for Most Upgraded stocks changed leaving market leaders like Meta Platforms at risk of topping out while others rally to new highs.
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14 Money Making Stocks To Invest In
Daniel Durn Sells 3,000 Shares of Adobe Inc. (NASDAQ:ADBE) Stock
Adobe (NASDAQ:ADBE) Dips Post-Earnings. This Could be an Opportunity
See More Headlines
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Company Calendar

Last Earnings
12/13/2023
Today
12/31/2023
Next Earnings (Estimated)
3/20/2024
Fiscal Year End
11/30/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Application Software
Current Symbol
NASDAQ:ADBE
CUSIP
00724F10
Employees
29,239
Year Founded
1982

Price Target and Rating

Average Stock Price Target
$615.25
High Stock Price Target
$730.00
Low Stock Price Target
$350.00
Potential Upside/Downside
+3.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.78
Research Coverage
27 Analysts

Profitability

Net Income
$5.43 billion
Pretax Margin
35.03%

Debt

Sales & Book Value

Annual Sales
$19.41 billion
Cash Flow
$13.27 per share
Book Value
$36.28 per share

Miscellaneous

Free Float
454,207,000
Market Cap
$271.63 billion
Optionable
Optionable
Beta
1.34

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ADBE Stock Analysis - Frequently Asked Questions

Should I buy or sell Adobe stock right now?

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last year. There are currently 6 hold ratings and 21 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ADBE shares.
View ADBE analyst ratings
or view top-rated stocks.

What is Adobe's stock price target for 2024?

27 brokerages have issued 1-year price objectives for Adobe's shares. Their ADBE share price targets range from $350.00 to $730.00. On average, they anticipate the company's stock price to reach $615.25 in the next twelve months. This suggests a possible upside of 3.1% from the stock's current price.
View analysts price targets for ADBE
or view top-rated stocks among Wall Street analysts.

How have ADBE shares performed in 2023?

Adobe's stock was trading at $336.53 at the beginning of the year. Since then, ADBE stock has increased by 77.3% and is now trading at $596.60.
View the best growth stocks for 2023 here
.

When is Adobe's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 20th 2024.
View our ADBE earnings forecast
.

How were Adobe's earnings last quarter?

Adobe Inc. (NASDAQ:ADBE) issued its quarterly earnings data on Wednesday, December, 13th. The software company reported $4.27 earnings per share for the quarter, topping analysts' consensus estimates of $4.13 by $0.14. The software company had revenue of $5.05 billion for the quarter, compared to the consensus estimate of $5.01 billion. Adobe had a trailing twelve-month return on equity of 38.30% and a net margin of 27.97%. The business's revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.78 earnings per share.
Read the conference call transcript
.

What guidance has Adobe issued on next quarter's earnings?

Adobe issued an update on its FY 2024 earnings guidance on Wednesday, December, 13th. The company provided earnings per share (EPS) guidance of 17.600-18.000 for the period, compared to the consensus estimate of 18.000. The company issued revenue guidance of $21.3 billion-$21.5 billion, compared to the consensus revenue estimate of $21.7 billion.

What is Shantanu Narayen's approval rating as Adobe's CEO?

989 employees have rated Adobe Chief Executive Officer Shantanu Narayen on Glassdoor.com. Shantanu Narayen has an approval rating of 97% among the company's employees. This puts Shantanu Narayen in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Adobe own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Adobe investors own include NVIDIA (NVDA), Alibaba Group (BABA), Netflix (NFLX), Salesforce (CRM), PayPal (PYPL), Mastercard (MA), Walt Disney (DIS), Tesla (TSLA), Visa (V) and Advanced Micro Devices (AMD).

How do I buy shares of Adobe?

Shares of ADBE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Adobe have any subsidiaries?
The following companies are subsidiares of Adobe: X.commerce Inc., Accelio Corporation, Adobe Assets LLC, Adobe Canada Services Corporation, Adobe Colombia SAS, Adobe Commerce, Adobe Development ARM LLC, Adobe KK, Adobe Labs Inc., Adobe Research (Schweiz) AG, Adobe Software (Shanghai) Company Limited, Adobe Software Trading Company Limited, Adobe Systems (Schweiz) GmbH, Adobe Systems Belgium BV, Adobe Systems Benelux B.V., Adobe Systems Brasil Limitada, Adobe Systems Canada Inc., Adobe Systems Danmark ApS, Adobe Systems Engineering GmbH, Adobe Systems Europe Limited., Adobe Systems Federal LLC, Adobe Systems France SAS, Adobe Systems GmbH, Adobe Systems Hong Kong Limited, Adobe Systems Iberica SL, Adobe Systems India Private Limited, Adobe Systems Israel Ltd., Adobe Systems Italia SRL, Adobe Systems Korea Ltd., Adobe Systems New Zealand Limited., Adobe Systems Nordic AB, Adobe Systems Norge AS, Adobe Systems Pte. Ltd., Adobe Systems Pty Ltd., Adobe Systems Romania SRL, Adobe Systems Software (Beijing) Co. Ltd., Adobe Systems Software Chile Limitada, Adobe Systems Software Ireland Limited, Adobe Systems South Africa Proprietary Limited, Adobe Systems s.r.o., Adobe Technologies International S.L., Aldus Corp, Allegorithmic, Allegorithmic SAS, Amicima, Antepo, Ares Software, Auditude, Aviary, Behance, BluePoint Technologies, Business Catalyst, Business Catalyst Systems Pty Ltd., ContentCal, Day Software, Demdex, DigiDox, Digital Analytix, Efficient Frontier, Emerald City Software, Fotiva, Fotolia, Fotolia Dutch Holding LLC, Fotolia LLC, Fotolia Netherlands Cooperatief U.A., Frame Technology, Frame.io, Frame.io Inc., GoLive Systems, GoodBarry, HyWay Ferranti, ICS “Adobe Systems” S.R.L., IRIDAS, Ideacodes, InterAKT, KyleBrush.com, LLC "X.Commerce Development Center", Livefyre, Macromedia, Magento Commerce Design, Magento Commerce International Limited, MagentoTech Inc., MagentoTech LLC, Marketo, Marketo Canada Corporation, Marketo EMEA Limited, Marketo Inc., Marketo Solutions Ltd., Milestone Holdco LLC, Milestone Intermediate Holdings Inc., Milestone Topco Inc., Mixamo, Navisware, Neolane, Nitobi Software, OCR Systems, OKYZ, Oculus Medium, Omniture, Photoshop, Pixmantec, Q-Link Technologies, Sandcastle, Sayspring, Scene7, Serious Magic, Syntrillium Software, ToutApp Inc., Trade and Technologies France, TubeMogul, TubeMogul Inc., Typekit, Uru, Virtual Ubiquity, Workfront, Workfront Inc., Workfront Ltd, YaWah, and eSign Services.
Read More
This page (NASDAQ:ADBE) was last updated on 12/31/2023 by MarketBeat.com Staff

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