Adobe Inc. which can be found using ticker (ADBE) now have 32 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 calculating the mean target price we have $616.88. Now with the previous closing price of $567.93 and the analysts are correct then we can expect a percentage increase in value of 8.6%. Also worth taking note is the 50 day moving average now sits at $552.88 and the 200 moving average now moves to $545.09. The company has a market capitalization of 249.82B. The price for the stock stands currently at: $563.41 USD
The potential market cap would be $271,347,680,311 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 50.76, revenue per share of $45.06 and a 15.63% 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.
