Adobe: Can't Ignore Its Growth Rates [Seeking Alpha]
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: Seeking Alpha
Summary Revenue is expected to grow by 23%+ this year. Analysts keep on raising earnings projections for both this year and next. Adobe, as it transitions customers to the cloud, is taking aggressive steps to increase its addressable market. Due to elevated volatility lately, we will wait for a weekly swing. Adobe's (NASDAQ: ADBE ) competitive advantages can be clearly seen in its margins. With the company's fiscal year ending in November, we can see that its gross margins over the past four quarters equate to 87.1%. Now over the past ten years, we may have seen a slight drop in this metric but operating margins of 32.3% over the same time frame have been growing strongly and continue to trend upwards in an aggressive fashion. The digital media & digital experience segments should ensure margins remain elevated. Adobe has a potent brand in the creative software niche, so as long as the company continues to serve its customers well, we do not see meaningful competition
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ADBE
News
- Adobe Inc. (NASDAQ: ADBE) had its "buy" rating re-affirmed by analysts at Mizuho. They now have a $680.00 price target on the stock.MarketBeat
- Adobe Inc. (NASDAQ: ADBE) had its "outperform" rating re-affirmed by analysts at Evercore ISI. They now have a $650.00 price target on the stock.MarketBeat
- Adobe Inc. (NASDAQ: ADBE) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $630.00 price target on the stock.MarketBeat
- Adobe Inc. (NASDAQ: ADBE) had its "overweight" rating re-affirmed by analysts at Piper Sandler. They now have a $700.00 price target on the stock.MarketBeat
- Adobe Inc. (NASDAQ: ADBE) had its "outperform" rating re-affirmed by analysts at Oppenheimer Holdings Inc.. They now have a $660.00 price target on the stock.MarketBeat
ADBE
Earnings
- 3/14/24 - Beat
ADBE
Sec Filings
- 3/27/24 - Form 10-Q
- 3/22/24 - Form PX14A6G
- 3/19/24 - Form 4
- ADBE's page on the SEC website