Adobe Inc. with ticker code (ADBE) now have 33 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The range between the high target price and low target price is between $732.52 and $450.00 suggesting an average Analsyt target price of $625.88. Given that the stocks previous close was at $527.87 this now indicates there is a potential upside of 18.6%. The 50 day moving average now sits at $547.41 and the 200 moving average now moves to $540.81. The company has a market cap of 232.37B. Currently the stock stands at: $524.07 USD
The potential market cap would be $275,517,426,483 based on the market consensus.
The company has a dividend yield of 2.92%. Other points of data to note are a P/E ratio of 44.45, revenue per share of $46.51 and a 15.97% 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.
