# Adobe Inc.  Share Price Target ‘$563.19’, now -1.2% Downside Potential

- Link: https://www.directorstalkinterviews.com/adobe-inc.share-price-target-563.19-now-1.2-downside-potential/4121164219
- Published: 2024-07-08T12:26:30+01:00
- Author: Charlotte Edwards

**Adobe Inc.** with ticker code (ADBE) have now 33 confirmed analysts covering the
stock with the consensus suggesting a rating of ‘buy’. The target price High/Low
ranges between $674.80 and $414.54 and has a mean share price target at $563.19.(
at the time of writing). Now with the previous closing price of $570.15 this indicates
there is a potential downside of -1.2%. The day 50 moving average is $491.81 and
the 200 moving average now moves to $543.61. The market cap for the company is 256.44B.
The stock price is currently at: $578.34 USD

 The potential market cap would be $253,305,567,583 based on the market consensus.

The company has a dividend yield of 2.35%. Other points of data to note are a P/
E ratio of 52.1, revenue per share of $45.06 and a 15.63% return on assets.

Adobe Inc. is a software company that offers a line of products and services used
by professionals, communicators, businesses, and consumers for creating, managing,
delivering, measuring, optimizing, engaging and transacting with content and experiences
across various digital media formats. The Company’s segments include Digital Media,
Digital Experience and Publishing and Advertising. Digital Media segment provides
products, services and solutions that enable individuals, teams and enterprises 
to create, publish and promote their content anywhere. Digital Media segment is 
centered around Adobe Creative Cloud and Adobe Document Cloud. Digital Experience
segment provides an integrated platform and set of applications and services through
Adobe Experience Cloud that enable brands and businesses to create, manage, execute,
measure, monetize and optimize customer experiences. The Publishing and Advertising
segment consists of products and services that address diverse market opportunities.

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