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
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.
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