Added to YB: 2024-09-24
Pitch date: 2024-09-21
ADBE [bullish]
Adobe Inc.
-50.69%
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
$525.71
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. – 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)