Adobe Inc. operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising.
Adobe stock last closed at $436.37, up 2.25% from the previous day, and has decreased 1.11% in one year. It has underperformed other stocks in the Software - Infrastructure industry by 0.01 percentage points. Adobe stock is currently +58.84% from its 52-week low of $274.73, and -3.28% from its 52-week high of $451.15.
As of Jun 2, 2023, there are 458.7M shares of ADBE outstanding. The market cap of ADBE is $200.16B. In the past 24 hours, 4.3M ADBE shares were traded.
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After you have figured out the best place to buy Adobe stock, it's crucial to research their stock prior to buying, so you can wrap your head around the risk and upside.
WallStreetZen was created to help part-time investors do better fundamental analysis.
You can view all of the due diligence checks on ADBE's stock page.
Investors use many financial metrics, analyses, models, and charts to gauge ADBE's true value.
Using relative valuations ratios:
You can do more valuation analysis on ADBE's stock here.
Out of 19 Wall Street analysts who give forecasts on ADBE, the consensus analyst rating on Adobe is a Buy
Please note that analyst ratings are not recommendations, nor are they financial advice.
Brad Sills, a top 5% analyst from Bank of America maintains ADBE with a strong buy rating and raises their ADBE price target from $400.00 to $480.00, on Jun 2, 2023.
Maintaining his Strong Buy rating, Sills raised his price target on Adobe Inc. by 20%.
He conducted conversations with "several creative professionals" to discuss trends in the digital content design software market, the analyst told his readers.
Sills said his takeaways from those meetings were "encouraging" vis-a-vis both Adobe and the sector.
His ramped price target for this name takes into account peer multiple expansion and "the increasingly positive bias we have toward Adobe in view of its new AI features and dominance in the market," the analyst explained.
However, residual concerns* about the Figma deal are an overhang, Sills added.
* The analyst may be referring to this (as reported on 2023/05/03): "The U.K.’s competition authority (the Competition and Markets Authority (CMA)) confirmed today that it’s launching an initial “phase 1” merger inquiry into Adobe’s proposed $20 billion bid for digital design rival Figma.
"Following the initial Adobe-Figma merger inquiry notice period which ends on May 18, the CMA will have until June 30 to assess its findings and decide whether to proceed to an in-depth “phase 2” investigation.
"Elsewhere, the U.S. Department of Justice (DoJ) is also reportedly readying a lawsuit to block the deal, though nothing is yet confirmed."
Michael Turrin, a bottom 6% analyst from Wells Fargo maintains ADBE with a hold rating and raises their ADBE price target from $360.00 to $420.00, on May 31, 2023.
Matthew Hedberg, a top 27% analyst from RBC Capital reinstates ADBE with a buy rating and maintains their ADBE price target from $415.00 to $415.00, on May 19, 2023.
Brent A. Bracelin, a top 1% analyst from Piper Sandler reiterates ADBE with a strong buy rating and maintains their ADBE price target from $415.00 to $415.00, on Mar 22, 2023.
Sami Badri, a top 13% analyst from Credit Suisse maintains ADBE with a hold rating and raises their ADBE price target from $325.00 to $350.00, on Mar 17, 2023.
You can dig deeper into what analysts are forecasting on the Adobe stock forecast page.
Last year, ADBE earnings were $4.74B. Over the last 5 year, ADBE's earnings have increased by 21.7% per year. This was slower than the Software - Infrastructure industry average of 29.86%.
Last year, ADBE revenue was $18.00B. During the last 5 year, ADBE's revenue has gone up by 18.51% per year. This was faster than the Software - Infrastructure industry average of 17.72%.
You can analyze ADBE's earnings and revenue performance here.
In the last year, executives and large shareholders at ADBE have sold more shares than they have bought.
Gloria Chen, EVP Chief People Officer of ADBE, was the latest ADBE insider to sell. They sold $46,310.31 worth of ADBE stock on May 30, 2023.
Research more about who owns ADBE shares here.
No, Adobe doesn't provide an income stream by paying out dividends.
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To summarize, here are the 6 steps to buy stock in Adobe:
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