ADBE stock icon

Adobe
ADBE

$525.31
14.6%
 

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,g 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

0
Funds holding %
of 6,689 funds
0
Analysts bullish %
of 46 analysts
0
News positive %
of 95 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

15% more repeat investments, than reductions

Existing positions increased: 1,180 | Existing positions reduced: 1,025

1.82% less ownership

Funds ownership: 81.37% [Q4 2023] → 79.55% (-1.82%) [Q1 2024]

3% less funds holding

Funds holding: 2,749 [Q4 2023] → 2,660 (-89) [Q1 2024]

17% less capital invested

Capital invested by funds: $220B [Q4 2023] → $181B (-$38.3B) [Q1 2024]

19% less call options, than puts

Call options by funds: $5.26B | Put options by funds: $6.48B

32% less first-time investments, than exits

New positions opened: 193 | Existing positions closed: 282

59% less funds holding in top 10

Funds holding in top 10: 176 [Q4 2023] → 73 (-103) [Q1 2024]

Research analyst outlook

46 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$445
15%
downside
Avg. target
$613
17%
upside
High target
$705
34%
upside

46 analyst ratings

35 positive
76%
neutral
17%
negative
7%
Citigroup
Tyler Radke
5%upside
$550
Neutral
Maintained
14 Jun 2024
Piper Sandler
Brent Bracelin
33%upside
$700
Overweight
Maintained
14 Jun 2024
BMO Capital
Keith Bachman
10%upside
$580
Outperform
Maintained
14 Jun 2024
Oppenheimer
Brian Schwartz
10%upside
$580
Outperform
Reiterated
14 Jun 2024
Wells Fargo
Michael Turrin
33%upside
$700
Overweight
Maintained
14 Jun 2024

Financial journalist opinion

Based on 95 articles about ADBE published over the past 30 days