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Added to YB: 2024-09-24

Pitch date: 2024-09-21

ADBE [bullish]

Adobe Inc.

-32.2%

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

$143.6B

Pitch Price

$525.71

Price Target

675.00 (+89%)

Dividend

N/A

EV/EBITDA

14.88

P/E

20.55

EV/Sales

6.05

Sector

Software

Category

growth

Show full summary:
Adobe Inc. – An opportunity amid AI fears or getting disrupted?

ADBE: Dominant creative software leader (80% mkt share) w/ 11% Q3 rev growth to $5.41B. AI concerns overblown; integrating AI features. 12% Digital Media growth, strong ARR. Margins expanding, heavy R&D investment. Conservative Q4 guidance caused 8.5% drop. $675 PT, 13% annual return potential. Compelling at 28x FY23 earnings.

Read full article (10 min)