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Added to YB: 2024-07-11

Pitch date: 2024-07-05

ADBE [neutral]

Adobe Inc.

-37.82%

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

$573.18

Price Target

N/A

Dividend

N/A

EV/EBITDA

15.46

P/E

21.34

EV/Sales

6.28

Sector

Software

Category

growth

Show full summary:
ClearBridge Large Cap Growth Strategy Portfolio Holding: Adobe Inc.

ADBE: Adobe raises guidance, proving marketing/design solutions critical despite AI competition. Growth investors acknowledge tech underweight as headwind in mega-cap momentum. Carefully adding IT purchases to close 800 bps sector gap. Long-term thesis remains strong despite short-term sentiment shifts.

Read full article (1 min)