Professional
Added to YB: 2024-06-27
Pitch date: 2024-06-21
ADBE [bullish]
Adobe Inc.
-33.01%
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
$532.10
Price Target
675.00 (+89%)
Dividend
N/A
EV/EBITDA
14.88
P/E
20.55
EV/Sales
6.05
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.
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