Adobe Inc. with ticker code (ADBE) have now 27 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The target price High/Low ranges between $622.45 and $403.65 calculating the mean target price we have $569.70. Given that the stocks previous close was at $577.74 this indicates there is a potential downside of -1.4%. The day 50 moving average is $541.19 and the 200 day MA is $452.56. The total market capitalization for the company now stands at 271.91B. The current stock price for Microsoft Corporation is currently $597.22 USD
The potential market cap would be $268,130,215,487 based on the market consensus.
The company has a dividend yield of 2.35%. Other points of data to note are a P/E ratio of 53.76, revenue per share of $41.11 and a 14.36% return on assets.
Adobe Inc. is a software company that offers a line of products and services used by professionals, communicators, businesses, and consumers for creating, managing, delivering, measuring, optimizing, engaging and transacting with content and experiences across various digital media formats. The Company’s segments include Digital Media, Digital Experience and Publishing and Advertising. Digital Media segment provides products, services and solutions that enable individuals, teams and enterprises to create, publish and promote their content anywhere. Digital Media segment is centered around Adobe Creative Cloud and Adobe Document Cloud. Digital Experience segment provides an integrated platform and set of applications and services through Adobe Experience Cloud that enable brands and businesses to create, manage, execute, measure, monetize and optimize customer experiences. The Publishing and Advertising segment consists of products and services that address diverse market opportunities.
