Adobe Inc. which can be found using ticker (ADBE) have now 28 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The target price High/Low ranges between 660 and 428 with the average target price sitting at $555.82. Given that the stocks previous close was at $559.34 this now indicates there is a potential downside of -.6%. It’s also worth noting that there is a 50 day moving average of $516.00 while the 200 day moving average is $403.14. The company has a market cap of 256.71B. The stock price is currently at: 563.21 USD
The potential market cap would be $255,095,614,310 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 53.18, revenue per share of 39.84 and a 14.31% 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.
