ADBE

Adobe Inc

TMT


Presented:06/20/2024
Price:$522.95
Cap:$234.28B
Current Price:$508.03
Cap:$223.63B

Presented

Date06/20/2024
Price$522.95
Market Cap$234.28B
Ent Value$198.61B
P/E Ratio46.96x
Book ValueN/A
Div Yield0%
Shares O/S448.00M
Ave Daily Vol3,506,006
Short Int1.58%

Current

Price$508.03
Market Cap$223.63B
Adobe, Inc. engages in the provision of digital marketing and media solutions. It operates through the following segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers creative cloud services, which allow members to download and install the latest versions of products, such as Adobe Photoshop, Adobe Illustrator, Adobe Premiere Pro, Adobe Photoshop Lightroom and Adobe InDesign, as well as utilize other tools, such as Adobe Acrobat. The Digital Experience segment provides solutions, including analytics, social marketing, targeting, media optimization, digital experience management, and cross-channel campaign management, as well as premium video delivery and monetization. The Publishing and Advertising segment includes legacy products and services for eLearning solutions, technical document publishing, web application development, and high-end printing. The company was founded by Charles M. Geschke and John E. Warnock in December 1982 and is headquartered in San Jose, CA.

Publicly traded companies mentioned herein: Adobe (ADBE)

Highlights

The presenter is long shares of Adobe Inc (ADBE), given its leading position as an integrated content creation platform and its ability to capitalize on the expanding digital content creation market, especially with the integration of New AI technologies. Applying a 27.5x multiple to his FY25 earnings, he gets to a 21% IRR over the next couple of years.

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Idea Discussion

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