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Added to YB: 2024-05-24

Pitch date: 2024-04-19

ADBE [bullish]

Adobe Inc.

-24.2%

current return

Author Info

No bio for this author

Company Info

Adobe Inc. operates as a technology company worldwide. Its Digital Media segment offers products and services that enable individuals, teams, and enterprises to create, publish, and promote content; Document Cloud, a cloud-based document services platform; and Creative Cloud, a subscription service that allows subscribers to use its creative products and applications (apps) integrated with cloud-delivered services across various surfaces and platforms.

Market Cap

$149.2B

Pitch Price

$470.21

Price Target

N/A

Dividend

N/A

EV/EBITDA

15.46

P/E

21.34

EV/Sales

6.28

Sector

Software

Category

N/A

Show full summary:
Ithaka US Growth Strategy Portfolio Holding: Adobe Inc.

ADBE: Leading diversified software co founded in 1982. Recent underperformance on Digital Media net new ARR miss (5% vs 11% avg) & soft guidance causing multiple compression. Long-term opportunity intact given strong competitive position in growing end markets.

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