Professional
Added to YB: 2024-09-23
Pitch date: 2024-09-16
ADBE [bullish]
Adobe Inc.
-50.56%
current return
Author Info
No bio for this author
Company Info
Adobe Inc. operates as a technology company worldwide. The Digital Media segment offers products and services that enable individuals, teams, and enterprises to create, publish, and promote content.
Market Cap
$108.0B
Pitch Price
$524.29
Price Target
675.00 (+160%)
Dividend
N/A
EV/EBITDA
11.58
P/E
15.76
EV/Sales
4.55
Sector
Software
Category
growth
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.