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 departments and agencies, companies, and publishers. The company's Digital Experience segment offers products, services, and solutions for creating, managing, executing, measuring, monetizing, and optimizing customer experiences from analytics to commerce. This segment serves marketers, advertisers, agencies, publishers, merchandisers, merchants, web analysts, data scientists, developers, marketing executives, information management and technology executives, product development executives, and sales and support executives. Its Publishing and Advertising segment offers products and services, such as e-learning solutions, technical document publishing, web conferencing, document and forms platform, web application development, and high-end printing, as well as publishing needs of technical and business, and original equipment manufacturers (OEMs) printing businesses. The company offers its products and services directly to enterprise customers through its sales force and local field offices, as well as to end users through app stores and through its website at adobe.com. It also distributes products and services through a network of distributors, value-added resellers, systems integrators, software vendors and developers, retailers, and OEMs. The company was formerly known as Adobe Systems Incorporated and changed its name to Adobe Inc. in October 2018. The company was founded in 1982 and is headquartered in San Jose, California.
IPO Year: 1986
Exchange: NASDAQ
Website: adobe.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
3/21/2025 | Underweight → Sector Weight | KeyBanc Capital Markets | |
3/13/2025 | $515.00 → $495.00 | Outperform | BMO Capital Markets |
2/19/2025 | Neutral | Redburn Atlantic | |
1/15/2025 | $425.00 | Underperform → Neutral | Exane BNP Paribas |
1/8/2025 | $600.00 → $475.00 | Buy → Hold | Deutsche Bank |
12/12/2024 | $625.00 → $550.00 | Buy → Hold | TD Cowen |
12/6/2024 | $580.00 → $600.00 | Outperform | BMO Capital Markets |
9/4/2024 | $580.00 → $625.00 | Outperform | Oppenheimer |
6/14/2024 | $570.00 → $580.00 | Neutral → Overweight | JP Morgan |
6/10/2024 | $510.00 | Buy → Hold | Melius |
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KeyBanc Capital Markets upgraded Adobe from Underweight to Sector Weight
BMO Capital Markets reiterated coverage of Adobe with a rating of Outperform and set a new price target of $495.00 from $515.00 previously
Redburn Atlantic initiated coverage of Adobe with a rating of Neutral
Exane BNP Paribas upgraded Adobe from Underperform to Neutral and set a new price target of $425.00
Deutsche Bank downgraded Adobe from Buy to Hold and set a new price target of $475.00 from $600.00 previously
TD Cowen downgraded Adobe from Buy to Hold and set a new price target of $550.00 from $625.00 previously
BMO Capital Markets reiterated coverage of Adobe with a rating of Outperform and set a new price target of $600.00 from $580.00 previously
Oppenheimer reiterated coverage of Adobe with a rating of Outperform and set a new price target of $625.00 from $580.00 previously
JP Morgan upgraded Adobe from Neutral to Overweight and set a new price target of $580.00 from $570.00 previously
Melius downgraded Adobe from Buy to Hold and set a new price target of $510.00
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Record Q1 Operating Cash Flows of $2.48 billion Reaffirms FY2025 Targets Previews Customer-Focused Strategy Ahead of Its Investor Meeting at Adobe Summit Adobe (NASDAQ:ADBE) today reported financial results for its first quarter fiscal year 2025 ended Feb. 28, 2025, reaffirming its FY2025 targets, and previewed its customer-focused strategy ahead of Adobe's Investor Meeting next week at Adobe Summit. "Adobe's success over the next decade will be driven by customer-focused innovation and new offerings for creators, marketing professionals, business professionals and consumers," said Shantanu Narayen, chair and CEO, Adobe. "Adobe is well-positioned to capitalize on the acceleration of
Company to host Investor Meeting on March 18 Today, Adobe (NASDAQ:ADBE) announced it will release its first quarter fiscal year 2025 results after the market closes on Wednesday, March 12, 2025, followed by a conference call with investors from 2-3 p.m. Pacific Time. The conference call will be streamed live on the Adobe Investor Relations Site. Following the call, a recording and related materials will be available on the site. Additionally, Adobe announced it will host its Investor Meeting with financial analysts and investors on Tuesday, March 18, 2025 at 2 p.m. Pacific Time at Adobe Summit in Las Vegas, NV. Adobe's executive team will provide updates on the company's strategy, innov
FY2024 Net New Digital Media ARR exceeds $2.0 billion FY2024 Digital Experience revenue exceeds $5.3 billion Record Q4 operating cash flows of $2.92 billion Record RPO of $19.96 billion, 16 percent year-over-year growth Adobe (NASDAQ:ADBE) today reported financial results for its fourth quarter and fiscal year 2024 ended Nov. 29, 2024. "Adobe delivered record FY24 revenue, demonstrating strong demand and the mission-critical role Creative Cloud, Document Cloud and Experience Cloud play in fueling the AI economy," said Shantanu Narayen, chair and CEO, Adobe. "Our highly differentiated technology platforms, rapid pace of innovation, diversified go-to-market and the integration
Today, Adobe (NASDAQ:ADBE) announced it will release its fourth quarter and fiscal year 2024 results after the market closes on Wednesday, Dec. 11, 2024, followed by a conference call with investors from 2-3 p.m. Pacific Time. The conference call will be streamed live on the Adobe Investor Relations Site. Following the call, a recording and related materials will be available on the site. Adobe uses its website as a channel of distribution of material company information. Financial, product and other material information regarding the company is routinely posted on and accessible at www.adobe.com/ADBE. About Adobe Adobe is changing the world through personalized digital experiences. F
New CEO has driven significant product capabilities, launched new SaaS platform, bolstered the leadership team, and refreshed the brand as company prepares for the AI era CloudBees, one of the world's leading software development platforms, announced today that thousands of developers and industry leaders will convene at DevOps World Virtual 2024 to celebrate 20 years of Jenkins and the future of DevSecOps, and the path forward as the world's businesses invest in cloud transformation and software for the AI era. "The Global 2000 has three key priorities - empower developers, modernize applications securely, and embrace the power of AI in their transformation journey. The reality, however,
Record Q3 net new Digital Media ARR of $504 million, with exiting RPO surpassing $18 billion and growing 15 percent year over year Adobe (NASDAQ:ADBE) today reported financial results for its third quarter fiscal year 2024 ended Aug. 30, 2024. "Adobe's record Q3 performance is a testament to our relentless innovation and commitment to delivering value to our customers," said Shantanu Narayen, chair and CEO, Adobe. "With groundbreaking advancements in AI across Creative Cloud, Document Cloud and Experience Cloud, we are empowering millions of users worldwide." "In Q3, Adobe delivered cash flows of over $2 billion and exited the quarter with record RPO, demonstrating the power of combining
Company Leadership to Host Investor Q&A at Adobe MAX 2024 on Oct. 14 Today, Adobe (NASDAQ:ADBE) announced it will release its third quarter fiscal year 2024 results after the market closes on Thursday, Sept. 12, 2024, followed by a conference call with investors from 2-3 p.m. Pacific Time. The conference call will be streamed live on the Adobe Investor Relations Site. Following the call, a recording and related materials will be available on the site. Additionally, Adobe announced it will host a Q&A session with company leadership at Adobe MAX 2024 in Miami Beach, FL on Monday, Oct. 14, 2024 at 2 p.m. Eastern Time. Audio of the event will be streamed live on the Adobe Investor Relations
Company raises annual targets for Digital Media net new ARR, Digital Experience subscription revenue and EPS Adobe (NASDAQ:ADBE) today reported financial results for its second quarter fiscal year 2024 ended May 31, 2024. "Adobe achieved record revenue of $5.31 billion driven by strong growth across Creative Cloud, Document Cloud and Experience Cloud," said Shantanu Narayen, chair and CEO, Adobe. "Our highly differentiated approach to AI and innovative product delivery are attracting an expanding universe of customers and providing more value to existing users." "Adobe delivered outstanding Q2 results, positioning us to raise our annual targets," said Dan Durn, executive vice presiden
Today, Adobe (NASDAQ:ADBE) announced it will release its second quarter fiscal year 2024 results after the market closes on Thursday, June 13, 2024, followed by a conference call with investors from 2-3 p.m. Pacific Time. The conference call will be streamed live on the Adobe Investor Relations Site. Following the call, a recording and related materials will be available on the site. Adobe uses its website as a channel of distribution of material company information. Financial, product and other material information regarding the company is routinely posted on and accessible at www.adobe.com/ADBE. About Adobe Adobe is changing the world through personalized digital experiences. For mo
Record Q1 Net New Document Cloud ARR; Enterprise strength drives RPO growth of 16 percent year over year Adobe (NASDAQ:ADBE) today reported financial results for its first quarter fiscal year 2024 ended March 1, 2024. "Adobe drove record Q1 revenue demonstrating strong momentum across Creative Cloud, Document Cloud and Experience Cloud," said Shantanu Narayen, chair and CEO, Adobe. "We've done an incredible job harnessing the power of generative AI to deliver groundbreaking innovation across our product portfolio." "Adobe's Q1 results and record RPO reflect strong customer adoption of our innovative products and services," said Dan Durn, executive vice president and CFO, Adobe. "As a
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Today at Adobe Summit – the flagship digital experience conference – Adobe (NASDAQ:ADBE) announced the private preview of Adobe Marketing Agent, as well as continued agentic innovation within Microsoft 365 Copilot with Adobe Express Agent. This builds on a collaboration between Adobe and Microsoft to bring the power of generative AI into the flow of work—extending now to AI agents. This includes activating the capabilities of Adobe Marketing Agent in applications such as Microsoft Teams, Microsoft PowerPoint and Microsoft Word through Microsoft 365 Copilot. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250318424158/en/ "Business
Today at Adobe Summit – the flagship digital experience conference – Publicis Groupe (OTC:PUBGY) and Adobe (NASDAQ:ADBE) announced an expansion of their global strategic partnership, where Adobe Firefly generative AI will be integrated across Publicis' capabilities through CoreAI, its AI-powered intelligent system that unifies and activates the group's proprietary data. The two companies will build solutions that combine Publicis Groupe's deep delivery capabilities across its intelligent content operations with Adobe Firefly Services—a collection of creative and generative APIs and services for enterprises—directly into Publicis Groupe's Core AI platform. This will enable businesses to sca
Today at Adobe Summit – the flagship digital experience conference – Adobe (NASDAQ:ADBE) announced a strategic collaboration with Amazon Web Services (AWS) to build new offerings that empower marketing and creative teams to deliver customer experiences with greater speed, precision and at scale. The collaboration combines Adobe's expertise in Customer Experience Orchestration with AWS's advanced cloud services. Building on the availability of Adobe Experience Platform (AEP) on AWS, the collaboration will introduce new integrations with AWS's generative AI services, Amazon Connect and Amazon Ads. These offerings will enable organizations to create more meaningful customer interactions while
New capabilities across Adobe GenStudio, Adobe's end-to-end content supply chain solution, empower marketing teams to scale personalized, on-brand content efficiently, including AI agents for workflow optimization and content production. Adobe GenStudio Foundation will deliver a unified interface that integrates data from Adobe's content supply chain applications, providing visibility and actionable insights into campaign plans, projects, assets and insights. Integrations with Google, LinkedIn and Microsoft enable businesses to easily create and activate personalized experiences in GenStudio for Performance Marketing, and additional partnerships support content creation workflows for r
Adobe Firefly Services APIs will support a wider range of content types including video and 3D, and power the new Firefly Creative Production offering which provides a simple no-code interface to streamline repetitive tasks and enhance productivity. Custom Models in Adobe GenStudio for Performance Marketing provides marketers with seamless access to pre-trained models for creating high-quality, on-brand images. Leading businesses and agencies including Accenture, Dentsu, Henkel, IPG Health, Tapestry, Monks, PepsiCo/Gatorade, Publicis, Stagwell and The Estée Lauder Companies are leveraging Adobe Firefly offerings to optimize digital marketing campaigns, enhance creative output and accel
Adobe announced new capabilities in Adobe Experience Cloud that will leverage AI agents to deliver highly personalized and seamless customer experiences across every touchpoint. A new AI-first module in Adobe Journey Optimizer will enable businesses to identify high-impact opportunities and optimize omnichannel performance, and a new Adobe Experience Manager offering will drive web performance through automated issue diagnosis and recommendations. Adobe introduced innovations for enterprise B2B teams, including AI agents for account orchestration, AI-powered content creation and actionable customer journey insights. Today, at Adobe Summit – the flagship digital experience conference
Adobe unveiled the Adobe Experience Platform Agent Orchestrator, which enables businesses to build, manage, and orchestrate AI agents from Adobe and third-party ecosystems. A suite of ten purpose-built AI agents, built on Adobe Experience Platform Agent Orchestrator, will augment the capabilities of marketing and creative teams to drive personalization at scale. Adobe introduced Brand Concierge, a new application for brands to configure and manage AI agents, delivering personalized, immersive and conversational experiences for consumers. Strategic partnerships with major companies including Acxiom, Amazon Web Services, Genesys, IBM, Microsoft, RainFocus, SAP, ServiceNow and Workday a
Adobe unveiled major innovations that define Customer Journey Orchestration in the era of AI, powered by the Adobe AI Platform which unites AI agents and models across Adobe. Adobe introduced Adobe Experience Platform Agent Orchestrator, which helps businesses manage AI agents across Adobe and third-party ecosystems—rooted in a deep, semantic understanding of enterprise data, content and customer journeys. Adobe is expanding its generative AI platform, integrating commercially safe AI models via Adobe Firefly across workflows and applications, with new capabilities in Adobe GenStudio to optimize the content supply chain. Strategic partnerships with major companies including Acxiom, A
Record Q1 Operating Cash Flows of $2.48 billion Reaffirms FY2025 Targets Previews Customer-Focused Strategy Ahead of Its Investor Meeting at Adobe Summit Adobe (NASDAQ:ADBE) today reported financial results for its first quarter fiscal year 2025 ended Feb. 28, 2025, reaffirming its FY2025 targets, and previewed its customer-focused strategy ahead of Adobe's Investor Meeting next week at Adobe Summit. "Adobe's success over the next decade will be driven by customer-focused innovation and new offerings for creators, marketing professionals, business professionals and consumers," said Shantanu Narayen, chair and CEO, Adobe. "Adobe is well-positioned to capitalize on the acceleration of
Creating engaging content is critical in the fast-moving prestige beauty industry, and The Estée Lauder Companies (ELC) is adopting Adobe Firefly to shorten the time it takes to launch digital marketing campaigns, using generative AI to accelerate content production ELC is leveraging solutions including Adobe Firefly Services—a collection of creative and generative APIs—that bring generative AI directly into production workflows to handle repetitive tasks such as resizing and reformatting marketing assets Survey findings indicate that content demands are expected to quintuple through 2026, making generative AI impactful for ELC creatives to simplify production tasks and focus on incu
Today, Adobe announced the appointment of Lara Balazs as Chief Marketing Officer (CMO) and Executive Vice President, Global Marketing reporting directly to CEO Shantanu Narayen. Balazs previously served as CMO and General Manager, Strategic Partner Group at financial software and services leader Intuit, where she reimagined the company's brand and go-to-market activities to support its AI-driven financial technology platform and elevated its brand awareness and reputation to new heights. Balazs will lead the Global Marketing Organization responsible for Adobe's renowned brand, Adobe.com, the company's industry-leading events, campaigns, communications, social media and its best-in-class m
Stagwell and Adobe to build a modern marketing partnership with expanded Global wins, while launching a three-year innovative joint go-to-market business partnership leveraging each company's unique offerings Stagwell's agencies 72andSunny, Code and Theory, Locaria, Movers+Shakers, National Research Group and more to collaborate for Adobe at a global scale NEW YORK, Oct. 1, 2024 /PRNewswire/ -- Adobe (NASDAQ:ADBE) today appointed Stagwell (NASDAQ:STGW), the challenger network built to transform marketing, as its global lead for creative campaigns and social content for its Digital Media (DMe) business. Leveraging the integrated strengths of five agencies across the network from upstream rese
Atlassian Corporation (NASDAQ:TEAM), a leading provider of team collaboration and productivity software, today announced it is appointing Scott Belsky to its Board of Directors effective August 1, 2024. Scott is the Chief Strategy Officer and Executive Vice President, Design & Emerging Products, at Adobe (NASDAQ:ADBE), a leader in creative, digital document and digital experience technology. "I'm excited for Scott to bring his deep strategy and product experience to our Board. He's built loveable products used by millions of people around the world, and knows how to deliver customer value. Scott understands the tech industry and has a strong pulse for the trends shaping our world. Never h
Company adds proven SaaS public company CHRO, Jeff Harper, and additional senior roles amidst ongoing scale and expansion. AuditBoard, the leading cloud-based platform transforming audit, risk, compliance, and ESG management, today announced it has brought on public SaaS company veteran Jeff Harper as Chief Human Resources Officer (CHRO) to help scale the organization and infrastructure, continue to attract and retain exceptional talent, and steward AuditBoard's award-winning company culture through continued rapid growth. In addition, AuditBoard has appointed two internal leaders to new senior positions to support the next phase of growth and expansion for the business, naming Anthony Pl
Adobe (NASDAQ:ADBE) today announced that Cristiano Amon has been appointed to its board of directors. Amon currently serves as president and chief executive officer of Qualcomm Incorporated, a role he assumed in 2021. Amon brings deep technical, mobile and AI experience to Adobe's board. The Adobe Board now consists of 12 board members with the addition of Amon. Before becoming chief executive officer, Amon served as president of Qualcomm where he spearheaded Qualcomm's 5G strategy and drove the expansion and diversification of the business to serve multiple industries, including automotive, computing, VR and AR, networking and industrial. He has overseen the successful execution and inte
Adobe (NASDAQ:ADBE) today announced the appointment of Brett Biggs and Spencer Neumann to its board of directors, effective immediately. The addition of Biggs and Neumann brings Adobe's board of directors to 12 members following the announcement in November 2021 that Jim Daley was retiring after nearly two decades as an Adobe director. Biggs is currently executive vice president and chief financial officer for Walmart Inc., where he is responsible for all global finance and indirect procurement functions as well as corporate strategy. His oversight has also included the company's global Enterprise Business Services work to drive innovation and deliver digital technology and finance transfo
Adobe (NASDAQ:ADBE) today announced the appointment of Dan Durn as executive vice president and chief financial officer (CFO), effective October 18, 2021. Durn will assume the CFO role from Adobe executive vice president and CFO John Murphy, who announced his retirement earlier this year. Durn will report to Adobe president and CEO Shantanu Narayen and will oversee Adobe's Accounting, Business Operations and Pricing, Financial Planning and Analysis, Financial Reporting, Investor Relations, Internal Audit, Payroll, Procurement, SEC Reporting, Tax, and Treasury functions. Durn joins Adobe from Applied Materials, where he has been CFO since 2017. He has extensive expertise in global strategy,
Adobe (NASDAQ:ADBE) today announced the appointment of David Wadhwani as executive vice president and chief business officer, Digital Media. In this role, Wadhwani will be responsible for the success of Adobe's global Digital Media business across Adobe Creative Cloud and Adobe Document Cloud, including all product marketing, strategic partnerships, customer support and go-to-market across geographies, working closely with the Digital Media Product organizations. He will report directly to Adobe president and CEO Shantanu Narayen. Wadhwani previously served as senior vice president and general manager of Adobe's Digital Media business from 2010 to 2015. Everyone has a story to tell, and Cr
UserTesting continues to strengthen its leadership team and starts the year with impressive global growth UserTesting, a leading provider of on-demand human insights, today announced the appointment of Jon Pexton as Chief Financial Officer. Pexton brings a strong financial background at both private and public companies and his leadership experience will serve as a strong asset in helping UserTesting continue its global growth. "The UserTesting® Human Insight Platform is well positioned to help companies better understand, empathize and improve their customer's experience. It is a timely solution as many aspects of life are changing quickly, and becoming more digital. Delivering great ex