Professional
Added to YB: 2024-05-24
Pitch date: 2024-04-19
ADBE [bullish]
Adobe Inc.
-24.2%
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
$149.2B
Pitch Price
$470.21
Price Target
N/A
Dividend
N/A
EV/EBITDA
15.46
P/E
21.34
EV/Sales
6.28
Sector
Software
Category
N/A
Ithaka US Growth Strategy Portfolio Holding: Adobe Inc.
ADBE: Leading diversified software co founded in 1982. Recent underperformance on Digital Media net new ARR miss (5% vs 11% avg) & soft guidance causing multiple compression. Long-term opportunity intact given strong competitive position in growing end markets.
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