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 |
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
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
8-K - ADOBE INC. (0000796343) (Filer)
8-K - ADOBE INC. (0000796343) (Filer)
8-K - ADOBE INC. (0000796343) (Filer)
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4 - ADOBE INC. (0000796343) (Issuer)
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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
The all-new Adobe Firefly Video Model will extend Adobe's family of foundational generative AI models for imaging, design and vector creation Designed to be commercially safe, the Firefly Video Model will be integrated across Creative Cloud, Experience Cloud and Adobe Express workflows, enriching the ability to tell beautiful and compelling stories New Text to Video and Image to Video capabilities, along with Generative Extend in Premiere Pro, will be available later this year to enhance the workflows video editors know and love Today, Adobe (NASDAQ:ADBE) previewed advancements to its generative AI video capabilities, powered by the Adobe Firefly Video Model. First previewed earlier
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
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
SC 13G/A - ADOBE INC. (0000796343) (Subject)
SC 13G/A - ADOBE INC. (0000796343) (Subject)
SC 13G/A - ADOBE INC. (0000796343) (Subject)
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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