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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

Show full summary:
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)