Adobe Stock Film Fest 2020 While we continue to adapt to a world facing a number of challenges, one thing that remains the same is the power of creativity. Shares of Adobe Systems (NASDAQ:ADBE) gained 12.6% in June, according to data from S&P Global Market Intelligence. Seeing our global creative community adapt and …
Based on aggregate information from My MarketBeat watchlists, some companies that other Adobe investors own include Adobe trades on the NASDAQ under the ticker symbol "ADBE. High institutional ownership can be a signal of strong market trust in this company.Earnings for Adobe are expected to grow by 14.66% in the coming year, from $8.05 to $9.23 per share.The P/E ratio of Adobe is 69.65, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 19.32.The P/E ratio of Adobe is 69.65, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 64.46.Adobe has a PEG Ratio of 4.01. Specifically, they have bought $0.00 in company stock and sold $42,400,055.00 in company stock.Only 0.31% of the stock of Adobe is held by insiders.84.03% of the stock of Adobe is held by institutions. Its forward valuation has grown from mid-single digits in late March to more than 17 now -- when a ratio of between 1 and 2 is considered good -- so investors clearly expect good things from Adobe going forward.To put that into perspective, analysts are expecting sales growth of 11% in the current quarter, 14% for the current year, and 15% next year -- though Adobe has a habit of exceeding expectations. The most common issues with Adobe Stock … The company issued revenue guidance of $3.15 billion, compared to the consensus revenue estimate of $3.28 billion.28 brokers have issued 12-month price targets for Adobe's stock. This segment serves traditional content creators, Web application developers, and digital media professionals, as well as their management in marketing departments and agencies, companies, and publishers. Is Adobe stock a buy? Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. 07-21-2020. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Top institutional investors include Vanguard Group Inc. (8.24%), BlackRock Inc. (7.94%), FMR LLC (6.83%), Bank of New York Mellon Corp (1.81%), Jennison Associates LLC (1.46%) and Fisher Asset Management LLC (1.11%). Unexpected Relationships.
Since then, ADBE shares have increased by 67.5% and is now trading at $527.95. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. All of these are considered part of the broader digital transformation that got a boost from the shift to remote work caused by the pandemic.The company's Creative Cloud suite of products has continued to evolve over the years, offering a wide assortment of SaaS tools that help creative professionals create videos, advertising, video games, and more. Adobe's debt is spaced out over the coming decade, and the next installment of $500 million isn't due until Feb. 2023. Their forecasts range from $283.00 to $474.00. This suite of digital tools is focused on document productivity, helping customers scan, edit, share, collaborate, and sign digital documents. Its Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. Want to see which stocks are moving?