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 |
|---|---|---|---|
| 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 |
| 3/21/2024 | $445.00 | Underweight | KeyBanc Capital Markets |
| 1/18/2024 | $499.00 | Neutral → Underperform | Exane BNP Paribas |
| 12/18/2023 | Equal Weight → Overweight | Barclays | |
| 12/8/2023 | $670.00 → $690.00 | Outperform | BMO Capital Markets |
| 10/26/2023 | $660.00 | Perform → Outperform | Oppenheimer |
| 10/26/2023 | $500.00 → $640.00 | Neutral → Buy | DA Davidson |
| 9/29/2023 | $519.00 | Hold | HSBC Securities |
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
KeyBanc Capital Markets initiated coverage of Adobe with a rating of Underweight and set a new price target of $445.00
Exane BNP Paribas downgraded Adobe from Neutral to Underperform and set a new price target of $499.00
Barclays upgraded Adobe from Equal Weight to Overweight
BMO Capital Markets reiterated coverage of Adobe with a rating of Outperform and set a new price target of $690.00 from $670.00 previously
Oppenheimer upgraded Adobe from Perform to Outperform and set a new price target of $660.00
DA Davidson upgraded Adobe from Neutral to Buy and set a new price target of $640.00 from $500.00 previously
HSBC Securities initiated coverage of Adobe with a rating of Hold and set a new price target of $519.00
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https://news.adobe.com/news/news-details/2024/Adobes-Recent-Statement-Regarding-Updated-Federal-Trade-Commission-Complaint-/default.aspx
Whales with a lot of money to spend have taken a noticeably bearish stance on Adobe. Looking at options history for Adobe (NASDAQ:ADBE) we detected 33 trades. If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 30% with bearish. From the overall spotted trades, 17 are puts, for a total amount of $1,217,160 and 16, calls, for a total amount of $1,050,651. Expected Price Movements Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $170.0 to $650.0 for Adobe over the recent three months. Volume & Open Interest Development Assessing the vol
Adobe (NASDAQ:ADBE) has outperformed the market over the past 20 years by 9.64% on an annualized basis producing an average annual return of 18.04%. Currently, Adobe has a market capitalization of $246.28 billion. Buying $100 In ADBE: If an investor had bought $100 of ADBE stock 20 years ago, it would be worth $2,798.14 today based on a price of $555.43 for ADBE at the time of writing. Adobe's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed
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Whales with a lot of money to spend have taken a noticeably bullish stance on Adobe. Looking at options history for Adobe (NASDAQ:ADBE) we detected 10 trades. If we consider the specifics of each trade, it is accurate to state that 60% of the investors opened trades with bullish expectations and 40% with bearish. From the overall spotted trades, 2 are puts, for a total amount of $70,553 and 8, calls, for a total amount of $409,178. What's The Price Target? After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $295.0 and $570.0 for Adobe, spanning the last three months. Volume & Open Interest Trends Looking at th
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Piper Sandler cut the price target for Adobe Inc. (NASDAQ:ADBE) from $700 to $635. Piper Sandler analyst Brent Bracelin maintained an Overweight rating. Adobe shares fell 1.2% to close at $557.63 on Thursday. See how other analysts view this stock. Needham slashed the price target for KalVista Pharmaceuticals, Inc. (NASDAQ:KALV) from $35 to $32. Needham analyst Serge Belanger maintained a Buy rating. KalVista Pharmaceuticals shares fell 0.6% to close at $12.50 on Thursday. See how other analysts vi
In the last three months, 21 analysts have published ratings on Adobe (NASDAQ:ADBE), offering a diverse range of perspectives from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 12 5 1 0 Last 30D 0 1 0 0 0 1M Ago 0 8 3 1 0 2M Ago 3 3 2 0 0 3M Ago 0 0 0 0 0 Analysts have recently evaluated Adobe and provided 12-month price targets. The average target is $594.71, accompanied by a high estimate of $700.00 and a low estimate of $450.00. A decline of 1.63% from
Piper Sandler analyst Brent Bracelin maintains Adobe (NASDAQ:ADBE) with a Overweight and lowers the price target from $700 to $635.
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
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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
Leading software company reaps the benefits of SnapLogic's integration platform to power business transformation SnapLogic, the leader in generative integration, today announced a decade of collaboration with Adobe (NASDAQ:ADBE), a leading software provider that is changing the world through digital experiences, that has leveraged the SnapLogic Platform to accelerate the company's data transformation across business functions. As part of Adobe's mission to change the world through digital experiences, the company has found immense success as it shifted from a downloadable software to a SaaS model as it could provide innovative new products more quickly to its customers via the cloud. Wi
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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
Adobe (NASDAQ:ADBE) announced that its board of directors has approved a new stock repurchase authorization, granting the company authority to repurchase up to $25 billion in common stock through March 14, 2028. Under the program, which is designed to return value to Adobe's stockholders, minimize dilution from stock issuances, and reduce share count over time, the company may repurchase shares in the open market and enter into structured repurchase agreements with third parties. "Our new $25 billion share repurchase authorization underscores what a special company Adobe is, with the profitability and cash flows to drive growth and invest in innovation while returning significant capital
Company to host Investor Meeting on March 26 Today, Adobe (NASDAQ:ADBE) announced it will release its first quarter fiscal year 2024 results after the market closes on Thursday, Mar. 14, 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 its Investor Meeting with financial analysts and investors on Tuesday, Mar. 26, 2024 at 2 p.m. Pacific Time at Adobe Summit in Las Vegas, NV. Adobe's executive team will discuss the company's long-term market opportunity,
Company achieves first $5 billion revenue quarter with exiting RPO of over $17 billion Adobe (NASDAQ:ADBE) today reported financial results for its fourth quarter and fiscal year 2023 ended Dec. 1, 2023. "Adobe drove record revenue of $19.41 billion in FY23 and 17 percent year-over-year EPS growth, with strong momentum across Creative Cloud, Document Cloud and Experience Cloud," said Shantanu Narayen, chair and CEO, Adobe. "Adobe's strategy, category leadership, ground-breaking innovation, exceptional talent and global customer base position us well for 2024 and beyond." "Adobe's remarkable performance in FY23 drove world-class margins and operating cash flows of $7.30 billion," said
Today, Adobe (NASDAQ:ADBE) announced it will release its fourth quarter and fiscal year 2023 results after the market closes on Wednesday, Dec. 13, 2023, followed by a conference call with investors at 2 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 digital experiences. For more informati
Company achieves record Q3 net new Digital Media ARR of $464 million Company delivers EPS growth exceeding 20 percent year over year Adobe (NASDAQ:ADBE) today reported financial results for its third quarter fiscal year 2023 ended Sept. 1, 2023. "We are unleashing a new era of AI-enhanced creativity around the world with innovations across our product portfolio," said Shantanu Narayen, chair and CEO, Adobe. "The recent launches of Firefly, Express, Creative Cloud and GenStudio make Adobe magic available to millions of users." "Adobe delivered world-class margins and earnings in Q3, while making significant investments in our technology platforms," said Dan Durn, executive vice pr