Adobe Systems (ADBE-Q)
229 watching
NASDAQ:ADBE
275.20
3.05
(1.10%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
Sep 30, 2022, 8:00 pm
0
COMMENT
Its stock moves have been dramatic. It's an extraordinarily important company. The valuation isn't there yet, but it's getting a lot closer. As painful as its decline has been, it is a necessary evil.
computer software / processing
$276.405
Unknown
PARTIAL BUY
The downward move in Adobe was overdone, extraordinary, though software companies are in a tough spot now. You want to be in places like this, at least picking them over.
computer software / processing
WATCH
The price was too high before, but the price has pulled back quite a bit after an acquisition. Adobe paid a high multiple for that, so she is assessing that.
computer software / processing
COMMENT
A favourite of his, but they spend $20 billion on a company that the street valued at $10 billion last year. Wouldn't it have been chepaer to replicate their product instead? Maybe Adobe needs this acquisition to jump-start their business. The company has an historic growth rate north of 20%, though lower lately. Does this company deserve to sell at less than 19x earnings for 2023? Will you lose money a year from now on this after shares have fallen 50% from its highs? Could the market have been that wrong when Adobe hit $699 before the US Fed hiked rates? Or is Adobe still too high?
computer software / processing
BUY
Allan Tong’s Discover Picks Obviously, a lot is riding on Thursday's report. Looking at the previous report in June, the market still punished Adobe despite a good quarter. Adjusted profit rose 11% YOY on that quarter to $3.35 per share as sales increased 14% to about $4.39 billion. Adobe's Digital Media segment, including its cloud business, rang up sales of $3.2 billion, up 15%, and ended that quarter sitting on $5 billion cash. What's not to like? Well, guidance. What the street didn't like was the company lowering full-year earnings and sales guidance from full-year profit of $13.50/share and full-year sales of $17.65 billion compared to earlier guidance of $13.70/share and $17.9 billion. Read 2 Big Technology Stocks That Are Back for our full analysis.
computer software / processing
BUY
It reports next week. Has long believed in this, but they face tough comps and currency adjustments, so they could lower their guidance. It's still the long-term leader in digital transformation, so happy to own it. Trades at 24x PE which is 20% lower than historical PE and this is prices into the stock.
computer software / processing
WAIT
Poor trend. Bucketed with the growth at any price stocks. Great business over the long run, but stock became too expensive. Getting cheaper, but still 36x earnings. No debt. He'd want the trend to turn around before getting interested.
computer software / processing
BUY
One-stop shop, a leader. Price target of $564, a very decent runway. Research firm has it as #1 in its magic quadrant in digital commerce. (Analysts’ price target is $564.00)
computer software / processing
SELL
He sold. A leader in its category, but it's a growth stock when the market is turning sour on the leaders of the last cycle. Underweight tech, pivoting more to value. There will be a time to come back, but not today.
computer software / processing
BUY
He's owned this for a long time. Their products are tools that will continue to be used. He's bullish the wider economy. He's added shares.
computer software / processing
WATCH
A leader in creative digital marketing. Subscription-based products lead to predictable cash flows and 15% revenue growth. High gross margins around 80% in software, too. It trades at 32x earnings, far better than the former 50x a year ago. He owns Google and Meta instead, but Adobe's PE is getting attractive.
computer software / processing
TOP PICK
He just bought. 4% free cashflow yield. One of world's top businesses. Irreplaceable asset. Pricing power. No dividend. (Analysts’ price target is $562.93)
computer software / processing
PARTIAL BUY
A leader. But all software companies get painted with the same brush of a recession. Average 12-month target of $563. Buy some here around $400, 380, and 360. It shouldn't go under $350.
computer software / processing
BUY
He knows it well. His wife uses it and pays monthly fees which go up every year. It is a magical company with gross margins over 90%. The software can't be replaced. Although the stock price is way down, it still has growth and a great outlook. Revenue and earnings are growing at double digits so it is very attractive at these prices.
computer software / processing
BUY
Part of group that includes high quality software companies (Alphabet etc.)
Forward multiples have come down which is presenting a good buying opportunity.
Established business that will rely on selling more to existing customers.
Creative business needs are not going away in the marketplace.
Company will do extremely well over the next 5 years.
computer software / processing
Adobe Systems(ADBE-Q) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 21
Neutral - Hold Signals / Votes : 2
Bearish - Sell Signals / Votes : 4
Total Signals / Votes : 27
Adobe Systems(ADBE-Q) Frequently Asked Questions
What is Adobe Systems stock symbol?
Adobe Systems is a American stock, trading under the symbol ADBE-Q on the NASDAQ (ADBE). It is usually referred to as NASDAQ:ADBE or ADBE-Q
Is Adobe Systems a buy or a sell?
In the last year, 27 stock analysts published opinions about ADBE-Q. 21 analysts recommended to BUY the stock. 4 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Adobe Systems.
Is Adobe Systems a good investment or a top pick?
Adobe Systems was recommended as a Top Pick by on . Read the latest stock experts ratings for Adobe Systems.
Why is Adobe Systems stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Adobe Systems worth watching?
27 stock analysts on Stockchase covered Adobe Systems In the last year. It is a trending stock that is worth watching.
What is Adobe Systems stock price?
On 2022-09-30, Adobe Systems (ADBE-Q) stock closed at a price of $275.2.
