AdobeADBE
Market Cap: $250B
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]
13% more repeat investments, than reductions
Existing positions increased: 1,156 | Existing positions reduced: 1,024
8% more capital invested
Capital invested by funds: $186B [Q1] → $201B (+$15B) [Q2]
0.21% more ownership
Funds ownership: 81.84% [Q1] → 82.05% (+0.21%) [Q2]
1% less funds holding
Funds holding: 2,703 [Q1] → 2,682 (-21) [Q2]
9% less first-time investments, than exits
New positions opened: 203 | Existing positions closed: 224
19% less call options, than puts
Call options by funds: $6.58B | Put options by funds: $8.11B
Research analyst outlook
23 Wall Street Analysts provided 1 year price targets over the past 3 months
23 analyst ratings
Stifel Parker Lane 38% 1-year accuracy 15 / 39 met price target | 15%upside $650 | Buy Maintained | 6 Sept 2024 |
Oppenheimer Brian Schwartz 65% 1-year accuracy 20 / 31 met price target | 11%upside $625 | Outperform Reiterated | 4 Sept 2024 |
Barclays Saket Kalia 54% 1-year accuracy 27 / 50 met price target | 20%upside $675 | Overweight Maintained | 4 Sept 2024 |
RBC Capital Matthew Swanson 75% 1-year accuracy 15 / 20 met price target | 6%upside $600 | Outperform Reiterated | 1 Aug 2024 |
Piper Sandler Brent Bracelin 47% 1-year accuracy 66 / 141 met price target | 13%upside $635 | Overweight Maintained | 12 Jul 2024 |
Financial journalist opinion
Based on 34 articles about ADBE published over the past 30 days