Adobe (ADBE)

• Market cap: $220B
• 1 day: -0.02%
• 5 days: -5.85%
• 1 month: 0.36%
• 3 months: -11.16%
• 6 months: 3.06%
• Year to date: -13.89%
• 1 year: -18.48%
• 5 years: 66.44%
• 10 years: 609.11%
• Sector: Information Technology
• Industry: Prepackaged Software

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 Q3 regulatory filings by fund managers ($100M+ AUM)

18% more repeat investments, than reductions

Existing positions increased: 1,169 | Existing positions reduced: 994

0% less funds holding

Funds holding: 2,708 [Q2] → 2,702 (-6) [Q3]

3% less first-time investments, than exits

New positions opened: 200 | Existing positions closed: 206

4.73% less ownership

Funds ownership: 84.42% [Q2] → 79.69% (-4.73%) [Q3]

13% less capital invested

Capital invested by funds: $207B [Q2] → $181B (-$26.6B) [Q3]

32% less call options, than puts

Call options by funds: $5.38B | Put options by funds: $7.9B

37% less funds holding in top 10

Funds holding in top 10: 117 [Q2] → 74 (-43) [Q3]

Research analyst outlook

13 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $550 10% upside
• Avg. target: $628 26% upside
• High target: $675 35% upside

13 analyst ratings

• positive: 10 77%
• neutral: 3 23%
• negative: 0 0%

RBC Capital Matthew Swanson 54% 1-year accuracy 13 / 24 met price target	22% upside $610	Outperform Reiterated	15 Oct 2024
Citigroup Tyler Radke 60% 1-year accuracy 32 / 53 met price target	23% upside $616	Neutral Maintained	13 Sept 2024
UBS Karl Keirstead 92% 1-year accuracy 11 / 12 met price target	10% upside $550	Neutral Maintained	13 Sept 2024
B of A Securities Brad Sills 59% 1-year accuracy 13 / 22 met price target	28% upside $640	Buy Reiterated	13 Sept 2024
Oppenheimer Brian Schwartz 57% 1-year accuracy 16 / 28 met price target	25% upside $625	Outperform Maintained	13 Sept 2024