Professional
Added to YB: 2024-06-27
Pitch date: 2024-06-21
ADBE [bullish]
Adobe Inc.
-51.29%
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
$532.10
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.: Shares spike on strong 2Q
ADBE: Buy, $675 PT. Q2 beat, guidance raised. 10% rev growth, 15% EPS growth. Gen AI innovations across products. TAM growing 12.6% CAGR to $293B by 2027. Strong Creative Cloud ARR growth. Risks: competition, IP defense. Trading at 22.2x fwd EV/EBITDA, 9% below peers. FTC lawsuit over hidden fees.
Read full article (8 min)