Adobe (ADBE) Gains 17.7% in 3 Months: What Should You Do Now? [Yahoo! Finance]
Adobe Inc. (ADBE)
Last adobe inc. earnings: 3/12 04:05 pm
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US:NASDAQ Investor Relations:
adobe.com/investor-relations.html
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Source: Yahoo! Finance
Its shares have rallied 17.7% in the past three months, outperforming the Zacks Computer-Software industry's return of 6.8% and the S&P 500's 10.4% growth. The company is significantly benefiting from its strong generative AI capabilities. Its expanding AI-powered product portfolio has been a key catalyst in driving its top-line growth. The solid momentum of its family of creative, generative AI models, Firefly, which has been driving growth within the Digital Media and Digital Experience segments, is a major positive. Adobe's leading market position in the PDF category is a plus. ADBE is trading at a significant discount, with a forward 12-month P/E of 24.04X compared with the industry's 31.85X, making it a good opportunity for investors. In second-quarter fiscal 2024, the Digital Media segment, comprising Creative Cloud and Document Cloud, witnessed 11% year-over-year growth, mainly driven by the strong adoption of Firefly-powered tools and the Acrobat ecosystem. The Digit
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ADBE
News
- Adobe Inc. (NASDAQ: ADBE) had its price target raised by analysts at Stifel Nicolaus from $600.00 to $650.00. They now have a "buy" rating on the stock.MarketBeat
- Is Adobe Inc. (ADBE) the Best Augmented Reality Stock to Buy Now? [Yahoo! Finance]Yahoo! Finance
- Adobe Inc. (NASDAQ: ADBE) had its price target raised by analysts at Barclays PLC from $650.00 to $675.00. They now have an "overweight" rating on the stock.MarketBeat
- Adobe Inc. (NASDAQ: ADBE) had its price target raised by analysts at Oppenheimer Holdings Inc. from $580.00 to $625.00. They now have an "outperform" rating on the stock.MarketBeat
- Adobe Systems (ADBE) Stock Moves -0.59%: What You Should Know [Yahoo! Finance]Yahoo! Finance
ADBE
Earnings
- 6/13/24 - Beat
ADBE
Sec Filings
- 8/19/24 - Form 4
- 8/12/24 - Form 4
- 8/12/24 - Form 3
- ADBE's page on the SEC website