$ADBE Earnings trade in AdobeEntry level $307 = Target price $344 = Stop loss $300
P/E ratio 53
Mutiple analysts upgrades this week are very bullish as analysts don't want to get caught out.
Adobe analyst commentary at BMO Capital Adobe price target raised to $350 from $300 at BMO Capital. BMO Capital analyst Keith Bachman raised his price target on Adobe to $350 and kept his Outperform rating, also boosting his FY20 EPS veiw by 12c to $9.75. The analyst contends that the company may reach 45% margins in FY23 barring additional M&A, with next year likely to see more margin upside than revenue upside. Bachman further states that Adobe shares are "reasonably, if not attractively, valued" with an enterprise value to revenue / revenue growth rate plus free cash flow margin multiple of 0.21-times, which is below the 0.3-times multiple average among its growth software peers
Adobe analyst commentary at Morgan Stanley Adobe price target raised to $410 from $340 at Morgan Stanley. Morgan Stanley analyst Keith Weiss raised his price target on Adobe shares to $410 from $340 as he believes the durable earnings power of the more mature Digital Media segment appears undervalued given investors fears about the company's other segment that accounts for the majority of revenues, namely and Digital Experience. However, he thinks improving and more consistent execution in Digital Experience could remove a weight from the stock's multiple, Weiss tells investors. He keeps an Overweight rating on Adobe shares.
Adobe analyst commentary at Cowen Adobe price target raised to $305 from $295 at Cowen. Cowen analyst J. Derrick Wood raised his price target on Adobe to $305 from $295 ahead of Q4 results on December 12. The analyst said his Digital Media partner survey showed an up-tick in growth performance during Q4 which bolstered his confidence in the company's ability to execute. He believes some of the upside is already in the shares as the company recently raised its guidance. Wood reiterated his Outperform rating on Adobe shares. 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup
Source thefly.com
Company profile
Adobe, Inc. engages in the provision of digital marketing and media solutions. It operates through the following segments: Digital Media, Digital Experience, and Publishing. 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 Light room 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 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.
