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Added to YB: 2024-09-23

Pitch date: 2024-09-16

ADBE [bullish]

Adobe Inc.

-33.65%

current return

Author Info

No bio for this author

Company Info

Adobe Inc. operates as a technology company worldwide. Its Digital Media segment offers products and services that enable individuals, teams, and enterprises to create, publish, and promote content; Document Cloud, a cloud-based document services platform; and Creative Cloud, a subscription service that allows subscribers to use its creative products and applications (apps) integrated with cloud-delivered services across various surfaces and platforms.

Market Cap

$147.0B

Pitch Price

$524.29

Price Target

675.00 (+94%)

Dividend

N/A

EV/EBITDA

15.23

P/E

21.03

EV/Sales

6.19

Sector

Software

Category

growth

Show full summary:
Adobe Inc.: Strong fiscal 3Q; light 4Q guidance

ADBE: Strong Q3, light Q4 guidance. Rev +11%, EPS +13.5%. Innovating with AI across products. Price hikes coming. $675 PT. Bull: Digital content leader, high margins, consistent growth. Risks: Competition, IP defense, high valuation. New $25B buyback may accelerate. FTC lawsuit over hidden fees.