AdobeADBE
About: Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content multiple operating systems, devices, and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).
Employees: 29,945
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
57% more funds holding in top 10
Funds holding in top 10: 74 [Q1] → 116 (+42) [Q2]
12% more repeat investments, than reductions
Existing positions increased: 1,157 | Existing positions reduced: 1,031
8% more capital invested
Capital invested by funds: $187B [Q1] → $202B (+$15B) [Q2]
0.22% more ownership
Funds ownership: 81.85% [Q1] → 82.07% (+0.22%) [Q2]
0% less funds holding
Funds holding: 2,710 [Q1] → 2,697 (-13) [Q2]
6% less first-time investments, than exits
New positions opened: 206 | Existing positions closed: 219
19% less call options, than puts
Call options by funds: $6.59B | Put options by funds: $8.12B
Research analyst outlook
14 Wall Street Analysts provided 1 year price targets over the past 3 months
14 analyst ratings
RBC Capital Matthew Swanson 52% 1-year accuracy 13 / 25 met price target | 20%upside $610 | Outperform Reiterated | 15 Oct 2024 |
Citigroup Tyler Radke 62% 1-year accuracy 28 / 45 met price target | 21%upside $616 | Neutral Maintained | 13 Sept 2024 |
UBS Karl Keirstead 83% 1-year accuracy 10 / 12 met price target | 8%upside $550 | Neutral Maintained | 13 Sept 2024 |
B of A Securities Brad Sills 59% 1-year accuracy 19 / 32 met price target | 26%upside $640 | Buy Reiterated | 13 Sept 2024 |
Oppenheimer Brian Schwartz 46% 1-year accuracy 13 / 28 met price target | 23%upside $625 | Outperform Maintained | 13 Sept 2024 |
Financial journalist opinion
Based on 162 articles about ADBE published over the past 30 days