BUY
Adobe Systems

It has done well because it is a leader in AI. The March report had good top and bottom line results and increased guidance. He trimmed some today because it is getting close to his price target.

(Analysts’ price target is $397.00)
computer software / processing
BUY
Adobe Systems

It peaked in late 2021 around $700 then fell to $275. It's $380 now. The market hated their Figma purchase but that's integrating now while Adobe is cutting costs as sales come back. Adobe software is mission-critical. Shares are attractive.

computer software / processing
PAST TOP PICK
Adobe Systems
(A Top Pick Apr 19/22, Down 14%)

Figma deal semi-alive. If Figma doesn't come through, still have Firefly. Decent run. Really likes it. Pick it up in thirds at $375, 355, and 335.

computer software / processing
BUY
Adobe Systems
A generative AI play

Its user base of several hundred million makes this the perfect place for AI functionality to create value. They're partnering with Nvidia to build a new set of generative-AI models that can be used by Adobe customers of creators and markets. For instance, this can generate images and text effects without any manual editing requiring very little time.

computer software / processing
BUY
Adobe Systems
Allan Tong’s Discover Picks

Since then, Adobe has been a show-me stock. Last week, the company showed big by delivering blow-out top- and bottom-line beats and raising its full-year forecast. For Q1-2023, EPS came in at $3.80, beating the expected $3.68. Likewise, sales of $4.66 billion beat $4.62 billion, a quarterly record, despite a strong USD. Earnings climbed 13%. Adobe raised its forecasted adjusted EPS for 2023 from $15.15 – 15.45 to $15.30 – 15.60 while Wall Street guided $15.29. Also, Adobe bought back five million shares in the quarter, and predicted 9% earnings growth for 2023. Read Adobe and Algonquin Power: Out of the Penalty Box? for our full analysis.

computer software / processing
TOP PICK
Adobe Systems

It is a great business selling subscription software. It had 13% revenue growth in its last report. Trades at 25X earnings with a great balance sheet and gross margins of 90%. It is trying to make an expensive acquisition but this shouldn't affect the stock. It is very undervalued and should double earnings over the next few years.    Buy 20  Hold 21  Sell 0

(Analysts’ price target is $392.58)
computer software / processing
BUY
Adobe Systems

After the bell today, they reported a major sales and earnings beat, and raised full-year forecast a lot. Will their numbers get the attention they deserve, up against the Credit Suisse meltown today? Adobe shares are up from its September lows, but still way down from its 2021 highs. They may be showing secular growth following a tough period. Their innovations drive their growth engine.

computer software / processing
PAST TOP PICK
Adobe Systems
(A Top Pick Apr 06/22, Down 26%)

It has been under pressure due to a $20 billion acquisition which could be blocked. It is a phenomenal company with great free cash flow and trading at 20X earnings.

computer software / processing
COMMENT
Adobe Systems

They report Wednesday. The government is trying to block a merger that Adobe feels will make it more competitive. Also, Adobe could face a challenge from ChatGPT technology that could create problems for copyright holders, who are big users of Adobe. Listen to Adobe's earnings call next week.

computer software / processing
TOP PICK
Adobe Systems

Subscription based. Accretive technology. Around 90% market share in the space. Figma purchase caused stock to fall. PE in high 20s. Now $11 EPS in 2023, expects $18-19 EPS by mid-decade. Closely aligned with AI. Huge, bright future. No dividend.

(Analysts’ price target is $383.10)
computer software / processing
BUY
Adobe Systems

It is one of the best businesses the world has ever seen. Margins on its products are 90%. It has a great balance sheet and is guiding to double digit revenue growth. It should not be lumped in with the other big techs.

computer software / processing
COMMENT
Adobe Systems
He really likes this company, but wishes they hadn't bought Sigma.
computer software / processing
BUY
Adobe Systems
Downside with acquisition of Figma? Subscription software. Anyone in media, advertising, or publishing has to use their products. Facing competition. Many think overpaid for Figma. Deal still needs DOJ approval. Fabulous outlook from earnings in December, company anticipates double-digit growth for many years. Perfect balance sheet. Big tech is attractive.
computer software / processing
WAIT
Adobe Systems
They report Thursday. They laid a big egg last quarter and the market hated them overpaying for a small company. Also are fears of a slowing growth wait. Wait to buy this undervalued company, because it will probably go lower.
computer software / processing
WAIT
Adobe Systems
Exited to lower his tech weighting. Down about 55% from highs. Lower lows and lower highs. Technicals are signaling it's not time to jump in yet. Once we get into the early cycle, and interest rates calm down, there might be an opportunity for tech.
computer software / processing
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Adobe Systems(ADBE-Q) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 14

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 15

Stockchase rating for Adobe Systems is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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, 15 stock analysts published opinions about ADBE-Q. 14 analysts recommended to BUY the stock. 1 analyst 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?

15 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 2023-06-02, Adobe Systems (ADBE-Q) stock closed at a price of $436.37.