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 |
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
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
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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
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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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
The new funding is catalyzed by multi-million dollar deployments, several customers in G500 and the SaaS unicorn club, and a stellar global team The knowledge graph company, with its AgentOS platform, is rapidly operationalizing GenAI in the enterprise with 1-click data migration from legacy systems and lightweight AI agents DevRev, an AI-native platform that unifies customer support and product development, today announced the completion of a $100.8M Series A funding round, bringing its valuation to $1.15 billion. This funding milestone includes investments accumulated over the past three years, culminating in this round. The company is backed by prominent investors such as Khosla Vent