Professional
Added to YB: 2024-05-10
Pitch date: 2024-03-31
ADBE [bullish]
Adobe Inc.
-29.42%
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
$149.2B
Pitch Price
$504.99
Price Target
N/A
Dividend
N/A
EV/EBITDA
15.46
P/E
21.34
EV/Sales
6.28
Sector
Software
Category
N/A
Baron Durable Advantage Fund Portfolio Holding: Adobe Inc.
ADBE -15.6% on ARR miss but conviction in FY guidance on price hikes, easier comps, GenAI monetization via GenStudio & Firefly gaining traction, new solutions like Document Intelligence. Leading creative/marketing franchise set to expand user base & benefit from GenAI. Decline overdone as driven by multiple contraction despite slightly higher 2024 EPS estimates & unchanged intrinsic value.
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