Adobe에 대한 매도 수량은 투자자에게 Adobe의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Adobe (NASDAQ:ADBE) 주식, 공매도 수량 보고

Adobe

Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content multiple operating systems, devices, and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).

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이들 10개 대형주는 지난주 최악의 성과를 거두었다. 그것들이 당신의 포트폴리오에 있나요? 1. 렌토킬 이니셜(NYSE:RTO)의 주가가 19.65% 급락했다. 이는 회사가 2024 회계연도 하반기 가이던스를 수정한 후 발생한 일이다.

모더나, 타이슨 푸드 및 어도비는 지난주 최악의 성과를 보인 10개 대형주 중 일부 (9월 8일-9월 14일)

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어도비(NASDAQ:ADBE)가 목요일 시장 마감 후 3분기 재무 결과를 발표했다. 예상보다 좋은 3분기 실적에도 약한 4분기 전망에 주가는 시간외 거래에서 10% 이상 하락했다. 이번 분기의 주요 수치는 다음과 같다.

어도비의 주식은 양호한 3분기 실적에도 약한 4분기 전망에 10% 이상 급락

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소프트웨어 회사인 어도비(NASDAQ:ADBE)는 목요일 시장 마감 후 3분기 재무 결과를 보고할 때 신제품과 재정적 성장을 위해 인공 지능(AI)을 활용하는 회사의 또 다른 예를 제공할 수 있다.

어도비 3분기 실적 미리보기: AI 도구에 집중, 분석가는 올해 하반기에 강한 상승세 예상

Adobe Inc

ADOBE ORD

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/08/24</td>
<td>$51.00</td>
<td>$44.1K</td>
<td>4.0K</td>
<td>37.3K</td>
</tr>
<tr>
<td>NVDA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/08/24</td>
<td>$139.00</td>
<td>$25.6K</td>
<td>5.9K</td>
<td>33.7K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/08/24</td>
<td>$250.00</td>
<td>$36.5K</td>
<td>4.6K</td>
<td>7.0K</td>
</tr>
<tr>
<td>FSLR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/29/24</td>
<td>$285.00</td>
<td>$43.8K</td>
<td>1.7K</td>
<td>954</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$150.00</td>
<td>$34.2K</td>
<td>14.5K</td>
<td>940</td>
</tr>
<tr>
<td>TSM</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$190.00</td>
<td>$35.7K</td>
<td>2.6K</td>
<td>498</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$111.00</td>
<td>$28.4K</td>
<td>410</td>
<td>475</td>
</tr>
<tr>
<td>TWLO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/08/24</td>
<td>$89.00</td>
<td>$26.1K</td>
<td>255</td>
<td>454</td>
</tr>
<tr>
<td>ADBE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/13/24</td>
<td>$480.00</td>
<td>$71.6K</td>
<td>9</td>
<td>395</td>
</tr>
<tr>
<td>NN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$20.00</td>
<td>$31.8K</td>
<td>2.6K</td>
<td>390</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For PLTR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on November 8, 2024. This event was a transfer of 300 contract(s) at a $51.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $44.1K, with a price of $147.0 per contract. There were 4068 open contracts at this strike prior to today, and today 37376 contract(s) were bought and sold. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a put option sweep with bullish sentiment. It expires in 3 day(s) on November 8, 2024. Parties traded 100 contract(s) at a $139.00 strike. This particular put needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $25.6K, with a price of $256.0 per contract. There were 5963 open contracts at this strike prior to today, and today 33732 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a call option trade with bullish sentiment. It expires in 3 day(s) on November 8, 2024. Parties traded 50 contract(s) at a $250.00 strike. The total cost received by the writing party (or parties) was $36.5K, with a price of $730.0 per contract. There were 4639 open contracts at this strike prior to today, and today 7055 contract(s) were bought and sold. 
• Regarding FSLR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), we observe a call option trade with neutral sentiment. It expires in 24 day(s) on November 29, 2024. Parties traded 209 contract(s) at a $285.00 strike. The total cost received by the writing party (or parties) was $43.8K, with a price of $210.0 per contract. There were 1730 open contracts at this strike prior to today, and today 954 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a call option sweep that happens to be bullish, expiring in 73 day(s) on January 17, 2025. This event was a transfer of 45 contract(s) at a $150.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $34.2K, with a price of $760.0 per contract. There were 14514 open contracts at this strike prior to today, and today 940 contract(s) were bought and sold. 
• Regarding TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we observe a put option trade with neutral sentiment. It expires in 45 day(s) on December 20, 2024. Parties traded 50 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $35.7K, with a price of $715.0 per contract. There were 2691 open contracts at this strike prior to today, and today 498 contract(s) were bought and sold. 
• Regarding MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we observe a call option sweep with bearish sentiment. It expires in 10 day(s) on November 15, 2024. Parties traded 254 contract(s) at a $111.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $28.4K, with a price of $112.0 per contract. There were 410 open contracts at this strike prior to today, and today 475 contract(s) were bought and sold. 
• For TWLO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>), we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on November 8, 2024. This event was a transfer of 172 contract(s) at a $89.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $26.1K, with a price of $152.0 per contract. There were 255 open contracts at this strike prior to today, and today 454 contract(s) were bought and sold. 
• Regarding ADBE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>), we observe a call option trade with bearish sentiment. It expires in 38 day(s) on December 13, 2024. Parties traded 25 contract(s) at a $480.00 strike. The total cost received by the writing party (or parties) was $71.6K, with a price of $2865.0 per contract. There were 9 open contracts at this strike prior to today, and today 395 contract(s) were bought and sold. 
• Regarding NN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NN#NASDAQ">NN</a>), we observe a call option trade with bullish sentiment. It expires in 801 day(s) on January 15, 2027. Parties traded 60 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $31.8K, with a price of $530.0 per contract. There were 2656 open contracts at this strike prior to today, and today 390 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

FSLR

MSTR

NVDA

PLTR

TWLO

10 Information Technology Stocks Whale Activity In Today's Session

Deep-pocketed investors have adopted a bearish approach towards Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ADBE usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 22 extraordinary options activities for Adobe. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 13% leaning bullish and 63% bearish. Among these notable options, 16 are puts, totaling $874,061, and 6 are calls, amounting to $351,010.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $360.0 to $560.0 for Adobe over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Adobe's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Adobe's whale trades within a strike price range from $360.0 to $560.0 in the last 30 days. 
<h3>Adobe 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730827915_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ADBE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$18.4</td>
<td>$18.0</td>
<td>$18.05</td>
<td>$460.00</td>
<td>$361.0K</td>
<td>1.1K</td>
<td style="text-align: right;">201</td>
</tr>
<tr>
<td>ADBE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/13/24</td>
<td>$29.7</td>
<td>$28.0</td>
<td>$28.35</td>
<td>$480.00</td>
<td>$144.5K</td>
<td>9</td>
<td style="text-align: right;">81</td>
</tr>
<tr>
<td>ADBE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$29.0</td>
<td>$27.8</td>
<td>$28.8</td>
<td>$460.00</td>
<td>$86.4K</td>
<td>699</td>
<td style="text-align: right;">131</td>
</tr>
<tr>
<td>ADBE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$12.95</td>
<td>$12.25</td>
<td>$12.25</td>
<td>$360.00</td>
<td>$58.6K</td>
<td>34</td>
<td style="text-align: right;">48</td>
</tr>
<tr>
<td>ADBE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$20.5</td>
<td>$19.65</td>
<td>$19.65</td>
<td>$560.00</td>
<td>$49.1K</td>
<td>58</td>
<td style="text-align: right;">25</td>
</tr>
</tbody>
</table>

<h3>About Adobe</h3>
Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content multiple operating systems, devices, and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).
After a thorough review of the options trading surrounding Adobe, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of Adobe</h3>
<ul>
<li>With a trading volume of 534,012, the price of ADBE is up by 0.07%, reaching $481.7.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 36 days from now.</li>
</ul>
<h3>What The Experts Say On Adobe</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $610.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; In a cautious move, an analyst from RBC Capital downgraded its rating to Outperform, setting a price target of $610. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Adobe with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Markets

Behind the Scenes of Adobe's Latest Options Trends

In the ever-evolving and intensely competitive business landscape, conducting a thorough company analysis is of utmost importance for investors and industry followers. In this article, we will carry out an in-depth industry comparison, assessing Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) alongside its primary competitors in the Software industry. By meticulously examining key financial metrics, market positioning, and growth prospects, we aim to offer valuable insights to investors and shed light on company's performance within the industry.
<h3>Adobe Background</h3>
Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content multiple operating systems, devices, and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).
<table>
<thead>
<tr>
<th>Company</th>
<th>P/E</th>
<th>P/B</th>
<th>P/S</th>
<th>ROE</th>
<th>EBITDA (in billions)</th>
<th>Gross Profit (in billions)</th>
<th>Revenue Growth</th>
</tr>
</thead>
<tbody>
<tr>
<td>Adobe Inc</td>
<td>40.88</td>
<td>14.61</td>
<td>10.46</td>
<td>11.46%</td>
<td>$2.31</td>
<td>$4.85</td>
<td>10.59%</td>
</tr>
<tr>
<td>Salesforce Inc</td>
<td>51.34</td>
<td>4.89</td>
<td>7.92</td>
<td>2.44%</td>
<td>$2.79</td>
<td>$7.17</td>
<td>8.39%</td>
</tr>
<tr>
<td>SAP SE</td>
<td>92.53</td>
<td>6.08</td>
<td>7.56</td>
<td>3.53%</td>
<td>$2.71</td>
<td>$6.21</td>
<td>9.38%</td>
</tr>
<tr>
<td>Intuit Inc</td>
<td>59.61</td>
<td>9.45</td>
<td>10.84</td>
<td>-0.11%</td>
<td>$0.13</td>
<td>$2.4</td>
<td>17.4%</td>
</tr>
<tr>
<td>Palantir Technologies Inc</td>
<td>246.59</td>
<td>23.18</td>
<td>40.17</td>
<td>3.43%</td>
<td>$0.11</td>
<td>$0.55</td>
<td>27.15%</td>
</tr>
<tr>
<td>Synopsys Inc</td>
<td>53.45</td>
<td>10.33</td>
<td>12.45</td>
<td>5.49%</td>
<td>$0.46</td>
<td>$1.24</td>
<td>12.65%</td>
</tr>
<tr>
<td>Cadence Design Systems Inc</td>
<td>74.23</td>
<td>16.95</td>
<td>17.71</td>
<td>5.4%</td>
<td>$0.41</td>
<td>$1.05</td>
<td>18.81%</td>
</tr>
<tr>
<td>Workday Inc</td>
<td>41.23</td>
<td>7.59</td>
<td>8.16</td>
<td>1.6%</td>
<td>$0.28</td>
<td>$1.57</td>
<td>16.68%</td>
</tr>
<tr>
<td>Autodesk Inc</td>
<td>58.72</td>
<td>24.96</td>
<td>10.69</td>
<td>12.17%</td>
<td>$0.39</td>
<td>$1.36</td>
<td>11.9%</td>
</tr>
<tr>
<td>Roper Technologies Inc</td>
<td>39.86</td>
<td>3.13</td>
<td>8.62</td>
<td>2.01%</td>
<td>$0.69</td>
<td>$1.19</td>
<td>2.78%</td>
</tr>
<tr>
<td>AppLovin Corp</td>
<td>69.88</td>
<td>67.08</td>
<td>14.48</td>
<td>39.35%</td>
<td>$0.51</td>
<td>$0.8</td>
<td>43.98%</td>
</tr>
<tr>
<td>Datadog Inc</td>
<td>262.26</td>
<td>17.26</td>
<td>18.96</td>
<td>1.9%</td>
<td>$0.06</td>
<td>$0.52</td>
<td>26.66%</td>
</tr>
<tr>
<td>Ansys Inc</td>
<td>57.20</td>
<td>5.06</td>
<td>12.20</td>
<td>2.37%</td>
<td>$0.2</td>
<td>$0.52</td>
<td>19.64%</td>
</tr>
<tr>
<td>Tyler Technologies Inc</td>
<td>110.19</td>
<td>7.88</td>
<td>12.56</td>
<td>2.37%</td>
<td>$0.12</td>
<td>$0.24</td>
<td>9.84%</td>
</tr>
<tr>
<td>Zoom Video Communications Inc</td>
<td>27</td>
<td>2.73</td>
<td>5.16</td>
<td>2.6%</td>
<td>$0.23</td>
<td>$0.88</td>
<td>2.09%</td>
</tr>
<tr>
<td>PTC Inc</td>
<td>75.52</td>
<td>7.37</td>
<td>10.05</td>
<td>2.32%</td>
<td>$0.13</td>
<td>$0.41</td>
<td>-4.37%</td>
</tr>
<tr>
<td>Manhattan Associates Inc</td>
<td>75.31</td>
<td>58.09</td>
<td>16.09</td>
<td>24.6%</td>
<td>$0.08</td>
<td>$0.15</td>
<td>11.84%</td>
</tr>
<tr>
<td>Dynatrace Inc</td>
<td>103.98</td>
<td>7.79</td>
<td>10.85</td>
<td>1.89%</td>
<td>$0.06</td>
<td>$0.32</td>
<td>19.93%</td>
</tr>
<tr>
<td>Average</td>
<td>88.17</td>
<td>16.46</td>
<td>13.2</td>
<td>6.67%</td>
<td>$0.55</td>
<td>$1.56</td>
<td>14.99%</td>
</tr>
</tbody>
</table>
<style>
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 </style>After thoroughly examining Adobe, the following trends can be inferred: 
<ul>
<li>
The Price to Earnings ratio of 40.88 is 0.46x lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
With a Price to Book ratio of 14.61, significantly falling below the industry average by 0.89x, it suggests undervaluation and the possibility of untapped growth prospects.
</li>
<li>
The Price to Sales ratio is 10.46, which is 0.79x the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
The Return on Equity (ROE) of 11.46% is 4.79% above the industry average, highlighting efficient use of equity to generate profits.
</li>
<li>
The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $2.31 Billion is 4.2x above the industry average, highlighting stronger profitability and robust cash flow generation.
</li>
<li>
The gross profit of $4.85 Billion is 3.11x above that of its industry, highlighting stronger profitability and higher earnings from its core operations.
</li>
<li>
The company's revenue growth of 10.59% is significantly lower compared to the industry average of 14.99%. This indicates a potential fall in the company's sales performance.
</li>
</ul>
<h3>Debt To Equity Ratio</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730732801_0.png" alt="debt to equity" />
The debt-to-equity (D/E) ratio is a key indicator of a company's financial health and its reliance on debt financing.
Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.
In terms of the Debt-to-Equity ratio, Adobe stands in comparison with its top 4 peers, leading to the following comparisons:
<ul>
<li>
Adobe has a stronger financial position compared to its top 4 peers, as evidenced by its lower debt-to-equity ratio of 0.42.
</li>
<li>
This suggests that the company has a more favorable balance between debt and equity, which can be perceived as a positive indicator by investors.
</li>
</ul>
<h3>Key Takeaways</h3>
For Adobe in the Software industry, the PE, PB, and PS ratios are all low compared to peers, indicating potential undervaluation. On the other hand, Adobe's high ROE, EBITDA, and gross profit suggest strong profitability and operational efficiency. However, the low revenue growth rate may raise concerns about future performance compared to industry peers.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Understanding Adobe's Position In Software Industry Compared To Competitors

On October 31, a recent SEC filing unveiled that Jillian Forusz, SVP &amp; CAO at Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) made an insider sell.
What Happened: Forusz opted to sell 676 shares of Adobe, according to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000796343/000079634324000240//Archives/edgar/data/796343/000079634324000240/0000796343-24-000240-index.htm">U.S. Securities and Exchange Commission</a> on Thursday. The transaction's total worth stands at $327,986.
At Friday morning, Adobe shares are up by 0.29%, trading at $486.79.
<h3>About Adobe</h3>
Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content multiple operating systems, devices, and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).
<h3>Key Indicators: Adobe's Financial Health</h3>
Revenue Growth: Over the 3 months period, Adobe showcased positive performance, achieving a revenue growth rate of 10.59% as of 31 August, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Profitability Metrics:
<ul>
<li>
Gross Margin: The company sets a benchmark with a high gross margin of 89.76%, reflecting superior cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Adobe's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 3.78.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.42.
Insights into Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 40.48 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 10.36, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Adobe's EV/EBITDA ratio, lower than industry averages at 26.95, indicates attractively priced shares.
</li>
</ul>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
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<h3>Why Insider Activity Matters in Finance</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Cracking Transaction Codes</h3>
When dissecting transactions, the focal point for <a href="https://www.benzinga.com/money/investing-tools">investors</a> is often those occurring in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000796343">Check Out The Full List Of Adobe's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Adobe Insider Trades Send A Signal

Adobe's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NYSE">ADBE</a>) short percent of float has fallen 6.76% since its last report. The company recently reported that it has 6.07 million shares sold short, which is 1.38% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.01 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Adobe Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730129418_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Adobe has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Adobe's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Adobe's peer group average for short interest as a percentage of float is 3.24%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About Adobe?

Deep-pocketed investors have adopted a bearish approach towards Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ADBE usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 16 extraordinary options activities for Adobe. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 43% leaning bullish and 56% bearish. Among these notable options, 5 are puts, totaling $554,302, and 11 are calls, amounting to $1,315,215.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $230.0 and $630.0 for Adobe, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Adobe's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Adobe's significant trades, within a strike price range of $230.0 to $630.0, over the past month.
<h3>Adobe Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729783035_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ADBE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/01/24</td>
<td>$3.5</td>
<td>$3.25</td>
<td>$3.5</td>
<td>$492.50</td>
<td>$688.8K</td>
<td>2.0K</td>
<td>2.0K</td>
</tr>
<tr>
<td>ADBE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$51.65</td>
<td>$49.25</td>
<td>$49.25</td>
<td>$480.00</td>
<td>$364.4K</td>
<td>94</td>
<td>64</td>
</tr>
<tr>
<td>ADBE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/25/24</td>
<td>$36.0</td>
<td>$31.8</td>
<td>$36.0</td>
<td>$450.00</td>
<td>$144.0K</td>
<td>255</td>
<td>40</td>
</tr>
<tr>
<td>ADBE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/01/24</td>
<td>$39.45</td>
<td>$36.0</td>
<td>$36.0</td>
<td>$450.00</td>
<td>$144.0K</td>
<td>91</td>
<td>40</td>
</tr>
<tr>
<td>ADBE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$77.8</td>
<td>$76.9</td>
<td>$77.8</td>
<td>$450.00</td>
<td>$101.1K</td>
<td>126</td>
<td>15</td>
</tr>
</tbody>
</table>

<h3>About Adobe</h3>
Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content multiple operating systems, devices, and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).
<h3>Where Is Adobe Standing Right Now?</h3>
<ul>
<li>With a volume of 698,884, the price of ADBE is down -0.81% at $481.12. </li>
<li>RSI indicators hint that the underlying stock may be approaching oversold.</li>
<li>Next earnings are expected to be released in 48 days.</li>
</ul>
<h3>What Analysts Are Saying About Adobe</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $610.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; In a cautious move, an analyst from RBC Capital downgraded its rating to Outperform, setting a price target of $610. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Adobe options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

A Closer Look at Adobe's Options Market Dynamics

Financial giants have made a conspicuous bullish move on Adobe. Our analysis of options history for Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) revealed 16 unusual trades.
Delving into the details, we found 43% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $108,044, and 13 were calls, valued at $767,324.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $230.0 and $570.0 for Adobe, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Adobe's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Adobe's significant trades, within a strike price range of $230.0 to $570.0, over the past month.
<h3>Adobe 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729266344_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ADBE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/25/24</td>
<td>$2.1</td>
<td>$1.79</td>
<td>$2.1</td>
<td>$510.00</td>
<td>$205.3K</td>
<td>1.3K</td>
<td style="text-align: right;">114</td>
</tr>
<tr>
<td>ADBE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$36.75</td>
<td>$35.7</td>
<td>$36.16</td>
<td>$520.00</td>
<td>$108.6K</td>
<td>158</td>
<td style="text-align: right;">30</td>
</tr>
<tr>
<td>ADBE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$59.2</td>
<td>$58.25</td>
<td>$59.2</td>
<td>$500.00</td>
<td>$59.2K</td>
<td>1.1K</td>
<td style="text-align: right;">11</td>
</tr>
<tr>
<td>ADBE</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$60.55</td>
<td>$55.15</td>
<td>$57.86</td>
<td>$500.00</td>
<td>$57.8K</td>
<td>1.1K</td>
<td style="text-align: right;">10</td>
</tr>
<tr>
<td>ADBE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$56.2</td>
<td>$54.05</td>
<td>$54.55</td>
<td>$520.00</td>
<td>$54.5K</td>
<td>9</td>
<td style="text-align: right;">15</td>
</tr>
</tbody>
</table>

<h3>About Adobe</h3>
Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content multiple operating systems, devices, and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).
In light of the recent options history for Adobe, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of Adobe</h3>
<ul>
<li>Trading volume stands at 704,319, with ADBE's price up by 0.11%, positioned at $497.39.</li>
<li>RSI indicators show the stock to be may be approaching oversold.</li>
<li>Earnings announcement expected in 54 days.</li>
</ul>
<h3>Expert Opinions on Adobe</h3>
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $610.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $610.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Adobe options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Smart Money Is Betting Big In ADBE Options

Financial giants have made a conspicuous bearish move on Adobe. Our analysis of options history for Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) revealed 10 unusual trades.
Delving into the details, we found 40% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $261,841, and 7 were calls, valued at $383,911.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $410.0 and $600.0 for Adobe, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Adobe options trades today is 583.14 with a total volume of 336.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Adobe's big money trades within a strike price range of $410.0 to $600.0 over the last 30 days.
<h3>Adobe Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729089251_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ADBE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$39.0</td>
<td>$38.95</td>
<td>$38.95</td>
<td>$410.00</td>
<td>$202.6K</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">56</td>
</tr>
<tr>
<td>ADBE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$54.0</td>
<td>$52.85</td>
<td>$54.0</td>
<td>$450.00</td>
<td>$167.4K</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">31</td>
</tr>
<tr>
<td>ADBE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/18/26</td>
<td>$96.0</td>
<td>$94.65</td>
<td>$96.0</td>
<td>$510.00</td>
<td>$48.0K</td>
<td style="text-align: right;">90</td>
<td style="text-align: right;">5</td>
</tr>
<tr>
<td>ADBE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$7.0</td>
<td>$6.65</td>
<td>$6.76</td>
<td>$530.00</td>
<td>$41.2K</td>
<td style="text-align: right;">716</td>
<td style="text-align: right;">70</td>
</tr>
<tr>
<td>ADBE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$19.5</td>
<td>$19.0</td>
<td>$19.5</td>
<td>$500.00</td>
<td>$39.0K</td>
<td style="text-align: right;">389</td>
<td style="text-align: right;">28</td>
</tr>
</tbody>
</table>

<h3>About Adobe</h3>
Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content multiple operating systems, devices, and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).
After a thorough review of the options trading surrounding Adobe, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Adobe's Current Market Status</h3>
<ul>
<li>Trading volume stands at 292,840, with ADBE's price down by -1.28%, positioned at $501.55.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 56 days.</li>
</ul>
<h3>Professional Analyst Ratings for Adobe</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $610.0.
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&#x2A; An analyst from RBC Capital has revised its rating downward to Outperform, adjusting the price target to $610. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
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Spotlight on Adobe: Analyzing the Surge in Options Activity

Analysts see Adobe Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) benefitting from new product announcements and a focus on GenAI value add-ons unveiled at the company&#8217;s MAX 2024 Creativity Conference this week.
The Adobe Analysts: JMP Securities analyst Patrick Walravens maintained a Market Perform rating with no price target.
Piper Sandler analyst Brent Bracelin maintained an Overweight rating with a $635 price target.
JPMorgan analyst Mark Murphy maintained an Overweight rating with a $580 price target.
Goldman Sachs analyst Kash Rangan reiterated a Buy rating with a $640 price target.
Stifel analyst J. Parker Lane maintained a Buy rating with a $650 price target.
RBC Capital analyst Matthew Swanson maintained an Outperform rating with a $610 price target.
BMO Capital analyst Keith Bachman maintained an Outperform rating with a $580 price target.
KeyBanc Capital analyst Jackson Ader maintained an Underweight rating with a $450 price target.
JMP on Adobe: The software company featured four key product announcements during Day One of the creativity conference and showed off artificial intelligence integration, Walravens said in a new investor note.
The analyst said Adobe is seeing traction with the number of APIs and growth thanks to artificial intelligence, but it might not be enough in a highly competitive space.
"Adobe is not the only company attempting to disrupt traditional digital creation with AI and faces intense competition from the likes of Canva," Walravens said.
A court case of The New York Times vs. Microsoft and OpenAI is being closely monitored by the analyst as it could have "significant implications" to Adobe's AI models approach.
"Adobe acknowledges that it is ‘early in understanding all the dynamics for monetizing' AI and that it may have to adjust its pricing in the future to accommodate these dynamics."
Piper on Adobe: The software company could go from laggard to leader with the latest product unveiling, Bracelin said in a new investor note.
"We remain buyers of ADBE. The litany of new AI-powered features and new innovative products unveiled at Adobe MAX in Miami reinforces our bullish view on ADBE as a contrarian growth idea to buy into year-end.
The analyst said Adobe stock has trailed peers and it could be time to catch up.
Adobe's new AI feature reveals at the conference are "too long to list," the analyst added.
With new guidance changes, the analyst said investors can focus on the company's software scale, double-digit top-line growth and high-margin model.
JPMorgan on Adobe: The company's announcement of a new Firefly Video Model is likely to get the most investor and public attention, Murphy said in a new investor note.
"Overall, we come away positive on Adobe's ongoing innovation, product rollouts, and GenAI-related developments, while still expecting newer growth initiatives will take some time to ramp and that revenue growth is in some stage of transition," Murphy said.
The analyst said Adobe is laying the foundation for long-term growth with a focus on new user acquisition over near-term monetization.
"We continue to lean favorably on Adobe fundamentals given its fairly durable growth rates, incremental AI monetization opportunities over time, and largely favorable customer and partner checks."
Goldman Sachs on Adobe: GenAI is a long-term growth tailwind for Adobe, Rangan said in a new investor note.
"We leave the conference increasingly confident in Adobe's ability to rapidly innovate and deliver meaningful productivity boosts to users with AI and collaboration innovations, thus driving long-term sustainable user growth, higher retention, and pricing leverage," Rangan said.
The analyst said Adobe is "well positioned to address" the growing demand in the creative fields.
"Product announcements reinforced Adobe's ability to compete across a wide variety of creative mediums, particularly video, with Firefly Video, the first publicly available video model for commercial use." &nbsp;
Adobe's addressable market could be growing with new products and the creative field expanding, Rangan added.
"We reiterate our view that Adobe is one of the highest quality software assets."
Stifel on Adobe: The software company is expanding its position in enterprise accounts with the new Firefly Video Model, Lane said in a new investor note.
"We note an overall sense of excitement and usage around Firefly, and based on our customer checks, Adobe appears to be continuing its industry leadership," Lane said.
RBC Capital on Adobe: The event highlighted the company's focus on the evolution of creative with generative AI adding value, Swanson said in a new investor note.
The analyst said Generative AI commentary from the company "remains qualitative" and Adobe is in the early innings of monetization.
"We continue to think that collaboration and integration across the Clouds bring unique value within the enterprise market," Swanson said.
BMO Capital on Adobe: The highly anticipated introduction of the Firefly Video model was the highlight of the event and could offer "significant long-term" revenue growth opportunities, Bachman said in a new investor note.
"Adobe announced many new products and features within Photoshop, Illustrator, Premiere Pro and Frame.io, which we think can sustain Adobe's leadership at the high end of the creative market," Bachman said.
While Adobe's decision to get rid of quarterly ARR guidance could be viewed as a negative, Bachman said this metric "can be lumpy" and annual guidance could help smooth things over.
"We believe video offers an opportunity for Adobe to realize pricing/mix uplift either through credits or higher subscription prices/add-ons over the long-term."
KeyBanc on Adobe: The key takeaway from the event for Ader is the guidance change for ARR from quarterly to annual.
"We are of two minds: our one mind says that any time transparency moves against us, that is bad because these things generally only go one way; our other mind agrees with management that the quarterly variability is probably too myopic," Ader said.
The analyst said the change shouldn't impact transparency, instead just reduce the noise.
ADBE Price Action: Adobe stock trades at $507.79 on Tuesday versus a 52-week trading range of $433.98 to $638.25. Adobe stock is down 11% year-to-date in 2024.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41331839/financial-sector-hits-record-highs-as-goldman-sachs-bank-of-america-citi-beat-q3-ea"> • Financial Sector Hits Record Highs As Goldman Sachs, Bank of America, Citi Beat Q3 Earnings Expectations</a> Photo: Shutterstock

Adobe Stock To Turn From Laggard To Leader, Analysts Highlight 'AI Monetization Opportunities' From MAX Creativity Conference

Throughout the last three months, 14 analysts have evaluated Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>), offering a diverse set of opinions from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $625.79, along with a high estimate of $675.00 and a low estimate of $550.00. This upward trend is evident, with the current average reflecting a 1.86% increase from the previous average price target of $614.36.
<img src="https://www.benzinga.com/files/images/story/2024/1729008019_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
A clear picture of Adobe's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Matthew Swanson</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$610.00</td>
<td>$610.00</td>
</tr>
<tr>
<td>Tyler Radke</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$616.00</td>
<td>$621.00</td>
</tr>
<tr>
<td>Karl Keirstead</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$550.00</td>
<td>$560.00</td>
</tr>
<tr>
<td>Brad Sills</td>
<td>B of A Securities</td>
<td>Maintains</td>
<td>Buy</td>
<td>$640.00</td>
<td>$640.00</td>
</tr>
<tr>
<td>Brian Schwartz</td>
<td>Oppenheimer</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$625.00</td>
<td>$625.00</td>
</tr>
<tr>
<td>Matthew Swanson</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$610.00</td>
<td>$610.00</td>
</tr>
<tr>
<td>Keith Weiss</td>
<td>Morgan Stanley</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$660.00</td>
<td>$660.00</td>
</tr>
<tr>
<td>Mark Moerdler</td>
<td>Bernstein</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$644.00</td>
<td>$660.00</td>
</tr>
<tr>
<td>Brent Bracelin</td>
<td>Piper Sandler</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$635.00</td>
<td>$635.00</td>
</tr>
<tr>
<td>Tyler Radke</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$621.00</td>
<td>$550.00</td>
</tr>
<tr>
<td>Parker Lane</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$650.00</td>
<td>$600.00</td>
</tr>
<tr>
<td>Brian Schwartz</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$625.00</td>
<td>$580.00</td>
</tr>
<tr>
<td>Saket Kalia</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$675.00</td>
<td>$650.00</td>
</tr>
<tr>
<td>Matthew Swanson</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$600.00</td>
<td>$600.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Adobe. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Adobe compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Adobe's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Adobe's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/ADBE/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Adobe analyst ratings.</a>
<h2>Discovering Adobe: A Closer Look</h2>
Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content multiple operating systems, devices, and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).
<h3>Understanding the Numbers: Adobe's Finances</h3>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: Adobe displayed positive results in 3 months. As of 31 August, 2024, the company achieved a solid revenue growth rate of approximately 10.59%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Adobe's net margin excels beyond industry benchmarks, reaching 31.14%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Adobe's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 11.46%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Adobe's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 5.63%, the company showcases efficient use of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.42, Adobe adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Significance of Analyst Ratings Explained</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

14 Analysts Have This To Say About Adobe

RBC Capital analyst Matthew Swanson reiterates Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) with a Outperform and maintains $610 price target.

RBC Capital Reiterates Outperform on Adobe, Maintains $610 Price Target

WIIM

Adobe shares are trading higher after the company revealed launches at the Adobe MAX 2024 event.

Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) shares are trading higher on Monday. The company revealed several launches at the Adobe MAX 2024 event.
Firefly Generative AI Models: The company expanded its Firefly generative AI models to include video, alongside updates to its Image, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41312233/adobe-launches-firefly-video-model-and-enhances-image-vector-and-design-models" rel="noreferrer noopener">Vector, and Design models</a>.
The Firefly Video Model, now in limited public beta, is the first video model designed for commercial safety.
Since its beta launch in March 2023, Firefly has generated over 13 billion images, with 6 billion created in the last six months.
Creative Cloud Feature: Adobe unveiled over 100 new Creative Cloud features, powered by Adobe Firefly, to enhance <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41312278/adobe-puts-greater-power-possibility-in-hands-of-creators-teams-marketers-at-adobe-max-2024" rel="noreferrer noopener">creators&#8217; productivity and collaboration</a>.
Next Generation Of&nbsp;Frame.io: Adobe disclosed the next generation of Frame.io, now generally available, expanding beyond video post-production to<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41312234/next-generation-of-adobes-frame-io-transforms-collaboration-for-creative-teams" rel="noreferrer noopener"> include photo and design support</a>.
Frame.io enhances team collaboration by centralizing media and assets, streamlining custom workflows, and tightening feedback processes.
Adobe GenStudio: Adobe announced the general availability of Adobe GenStudio for Performance Marketing, a generative AI-powered tool designed to help brands and agencies speed up the creation of personalized, on-brand marketing campaigns across various channels and regions.
Adobe Digital Academy: Adobe announced a new global initiative expanding the Adobe Digital Academy to focus on equipping next-generation learners and teachers with AI literacy, content creation, and digital marketing <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41312235/adobe-revolutionizes-professional-video-editing-with-premiere-pro-innovations-powered-by-new-firef" rel="noreferrer noopener">skills to succeed in today&#8217;s workforce</a>.
Apart from this, Adobe disclosed groundbreaking innovations in Photoshop and Illustrator, enhancing power and precision in graphic design, illustration, and creative imaging, while <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41312239/new-innovations-in-photoshop-and-illustrator-transform-creative-workflows-and-deliver-more-speed-p" rel="noreferrer noopener">significantly boosting speed and productivity</a>.
Price Action: ADBE shares are up 2.85% at $509.52 at the last check Monday.
Photo via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/41316473" target="_blank" rel="noreferrer noopener">Duolingo Downgraded Despite Executing &#8216;Exceptionally Well,&#8217; Analyst Warns Of Risk/Reward Imbalance</a></li>
</ul>

Equities

IGPT

Why Is Adobe Stock Gaining On Monday?

Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) has outperformed the market over the past 10 years by 11.27% on an annualized basis producing an average annual return of 23.22%. Currently, Adobe has a market capitalization of $220.96 billion. 
Buying $1000 In ADBE: If an investor had bought $1000 of ADBE stock 10 years ago, it would be worth $8,244.83 today based on a price of $501.94 for ADBE at the time of writing.
<h3>Adobe's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728576019_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Adobe Stock In The Last 10 Years

Whales with a lot of money to spend have taken a noticeably bullish stance on Adobe.
Looking at options history for Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) we detected 43 trades.
If we consider the specifics of each trade, it is accurate to state that 39% of the investors opened trades with bullish expectations and 39% with bearish.
From the overall spotted trades, 18 are puts, for a total amount of $1,525,862 and 25, calls, for a total amount of $2,935,985.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $240.0 to $720.0 for Adobe over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Adobe's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Adobe's significant trades, within a strike price range of $240.0 to $720.0, over the past month.
<h3>Adobe 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728502300_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ADBE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$41.2</td>
<td>$40.0</td>
<td>$41.0</td>
<td>$610.00</td>
<td>$1.4M</td>
<td style="text-align: right;">617</td>
<td style="text-align: right;">350</td>
</tr>
<tr>
<td>ADBE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$44.25</td>
<td>$43.35</td>
<td>$43.65</td>
<td>$490.00</td>
<td>$436.5K</td>
<td style="text-align: right;">618</td>
<td style="text-align: right;">103</td>
</tr>
<tr>
<td>ADBE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$20.55</td>
<td>$18.95</td>
<td>$18.95</td>
<td>$720.00</td>
<td>$339.2K</td>
<td style="text-align: right;">77</td>
<td style="text-align: right;">245</td>
</tr>
<tr>
<td>ADBE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$35.5</td>
<td>$34.5</td>
<td>$34.55</td>
<td>$470.00</td>
<td>$258.7K</td>
<td style="text-align: right;">547</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>ADBE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$19.1</td>
<td>$18.05</td>
<td>$19.05</td>
<td>$720.00</td>
<td>$125.7K</td>
<td style="text-align: right;">77</td>
<td style="text-align: right;">66</td>
</tr>
</tbody>
</table>

<h3>About Adobe</h3>
Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content multiple operating systems, devices, and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).
After a thorough review of the options trading surrounding Adobe, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Adobe's Current Market Status</h3>
<ul>
<li>With a trading volume of 1,839,133, the price of ADBE is down by -0.44%, reaching $494.04.</li>
<li>Current RSI values indicate that the stock is may be oversold.</li>
<li>Next earnings report is scheduled for 63 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Adobe</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $627.0.
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&#x2A; An analyst from RBC Capital downgraded its action to Outperform with a price target of $610. 
&#x2A; An analyst from B of A Securities has revised its rating downward to Buy, adjusting the price target to $640. 
&#x2A; An analyst from Oppenheimer has decided to maintain their Outperform rating on Adobe, which currently sits at a price target of $625. 
&#x2A; Maintaining their stance, an analyst from Bernstein continues to hold a Outperform rating for Adobe, targeting a price of $644. 
&#x2A; Maintaining their stance, an analyst from Citigroup continues to hold a Neutral rating for Adobe, targeting a price of $616. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Adobe with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

This Is What Whales Are Betting On Adobe

Investors with a lot of money to spend have taken a bearish stance on Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ADBE, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 11 uncommon options trades for Adobe.
This isn't normal.
The overall sentiment of these big-money traders is split between 27% bullish and 45%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $156,240, and 8 are calls, for a total amount of $387,806.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $400.0 and $530.0 for Adobe, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Adobe stands at 249.78, with a total volume reaching 85.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Adobe, situated within the strike price corridor from $400.0 to $530.0, throughout the last 30 days.
<h3>Adobe Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728309659_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ADBE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$70.85</td>
<td>$68.65</td>
<td>$69.5</td>
<td>$450.00</td>
<td>$111.2K</td>
<td style="text-align: right;">424</td>
<td style="text-align: right;">16</td>
</tr>
<tr>
<td>ADBE</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/11/24</td>
<td>$20.15</td>
<td>$17.65</td>
<td>$18.95</td>
<td>$520.00</td>
<td>$56.8K</td>
<td style="text-align: right;">175</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>ADBE</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/11/24</td>
<td>$20.2</td>
<td>$17.6</td>
<td>$18.88</td>
<td>$520.00</td>
<td>$56.6K</td>
<td style="text-align: right;">175</td>
<td style="text-align: right;">30</td>
</tr>
<tr>
<td>ADBE</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/18/26</td>
<td>$176.9</td>
<td>$169.45</td>
<td>$172.87</td>
<td>$400.00</td>
<td>$51.8K</td>
<td style="text-align: right;">25</td>
<td style="text-align: right;">3</td>
</tr>
<tr>
<td>ADBE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$51.1</td>
<td>$50.2</td>
<td>$50.2</td>
<td>$500.00</td>
<td>$50.2K</td>
<td style="text-align: right;">174</td>
<td style="text-align: right;">10</td>
</tr>
</tbody>
</table>

<h3>About Adobe</h3>
Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content multiple operating systems, devices, and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).
After a thorough review of the options trading surrounding Adobe, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of Adobe</h3>
<ul>
<li>Trading volume stands at 436,916, with ADBE's price down by -1.04%, positioned at $501.93.</li>
<li>RSI indicators show the stock to be may be oversold.</li>
<li>Earnings announcement expected in 65 days.</li>
</ul>
<h3>Professional Analyst Ratings for Adobe</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $617.2.
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&#x2A; Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Adobe with a target price of $660. 
&#x2A; An analyst from UBS has decided to maintain their Neutral rating on Adobe, which currently sits at a price target of $550. 
&#x2A; An analyst from Oppenheimer persists with their Outperform rating on Adobe, maintaining a target price of $625. 
&#x2A; Maintaining their stance, an analyst from Citigroup continues to hold a Neutral rating for Adobe, targeting a price of $616. 
&#x2A; An analyst from Piper Sandler has decided to maintain their Overweight rating on Adobe, which currently sits at a price target of $635. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Adobe, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

What the Options Market Tells Us About Adobe

A hotter-than-expected jobs report spurred a premarket rally on Wall Street Friday, showcasing the U.S. economy&#8217;s resilience and easing concerns <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41184080/us-economy-adds-254-000-new-jobs-in-september-smashes-expectations-unemployment-f">over an economic slowdown. </a>
The strong labor data also led traders to rethink the Federal Reserve&#8217;s aggressive rate cuts, resulting in a jump in the dollar and Treasury yields.
What Happened: The U.S. economy added 254,000 jobs in September, far exceeding the expected 140,000. This marks an acceleration from August&#8217;s 159,000 figure and well above the 12-month average of 230,000. Payrolls for both July and August were upwardly revised by 55,000 and 17,000, respectively.
Private sector payrolls accounted for 223,000 jobs, while the government added 31,000. The unemployment rate fell unexpectedly by 0.1% to 4.1%, beating the forecasted 4.2%.
Wages grew by 0.4% in September, surpassing the expected 0.3%. 
Why It Matters: The stronger-than-expected pace of job addition, coupled with a surprisingly lower unemployment rate and higher wage growth, signals a strong consumer spending outlook, which could lift corporate earnings, particularly as we head into the fourth quarter.
Yet the labor market&#8217;s strength also complicates the Federal Reserve&#8217;s efforts to curb inflation. Higher wages could stoke consumer demand, putting upward pressure on prices, potentially slowing disinflation efforts. This may lead the Fed to delay or scale back anticipated interest rate cuts.
Before the jobs report, the market had priced in a 30% chance of a 50-basis-point rate cut in November, according to the CME FedWatch Tool. Following the data release, those odds plummeted to 11%. 
<h3 class="wp-block-heading">Market Reactions:</h3>
<ul>
<li>The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) jumped 0.9% in premarket trading, edging closer to its recent record highs.</li>
<li>The Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which tracks major tech stocks, rallied 1.4%, driven by strong gains in the semiconductor sector. The iShares Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NYSE">SOXX</a>) surged 2.1%.</li>
<li>Blue chips rose as well, with the SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) up by 0.7%.</li>
<li>Small caps outperformed large caps. The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rallied 1.7%. </li>
<li>Yields on the 10-year Treasury bond soared by 11 basis points to 3.96%. Yields on the policy-sensitive two-year note spiked by 15 basis points to 3.87%.</li>
<li>The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) tumbled 1.2%. </li>
<li>The U.S. Dollar Index, which is tracked by the&nbsp;Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), rose 0.7%.</li>
</ul>
<h3 class="wp-block-heading">Top Gainers Post-Jobs Report:</h3>
Using the Movers function on <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent100424&amp;t=be2bearmibe3na1">Benzinga Pro</a>, here are the top performers among U.S. mega-cap stocks in the 30 minutes following the release of the September jobs data.
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Company Name</th>
<th>Price</th>
<th>Change</th>
</tr>
</thead>
<tbody>
<tr>
<td>KLA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>)</td>
<td>$799.25</td>
<td>+3.18%</td>
</tr>
<tr>
<td>Mitsubishi UFJ Financial Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUFG#NYSE">MUFG</a>)</td>
<td>$10.18</td>
<td>+3.18%</td>
</tr>
<tr>
<td>Applied Materials Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>)</td>
<td>$205.53</td>
<td>+2.10%</td>
</tr>
<tr>
<td>Lam Research Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>)</td>
<td>$83.60</td>
<td>+2.08%</td>
</tr>
<tr>
<td>Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)</td>
<td>$166.90</td>
<td>+1.92%</td>
</tr>
<tr>
<td>ARM Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>)</td>
<td>$142.44</td>
<td>+1.91%</td>
</tr>
<tr>
<td>Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>)</td>
<td>$80.02</td>
<td>+1.67%</td>
</tr>
<tr>
<td>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>)</td>
<td>$175.66</td>
<td>+1.66%</td>
</tr>
<tr>
<td>Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>)</td>
<td>$510.58</td>
<td>+1.59%</td>
</tr>
<tr>
<td>Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>)</td>
<td>$39.96</td>
<td>+1.56%</td>
</tr>
<tr>
<td>Texas Instruments Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>)</td>
<td>$204.82</td>
<td>+1.56%</td>
</tr>
</tbody>
</table>
</figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41182466/spirit-airlines-drops-over-40-amid-bankruptcy-discussions">Spirit Airlines Drops Over 40% Amid Bankruptcy Discussions</a></li>
</ul>
Photo via Shutterstock.

Macro Economic Events

Sector ETFs

Broad U.S. Equity ETFs

Econ #s

Economics

Federal Reserve

ETFs

AMAT

AVGO

SPDR Dow Jones Industrial Average ETF Trust

KLAC

LRCX

MUFG

SHOP

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

iShares Trust Barclays 20+ Year Treasury Bond Fund

PowerShares DB US Dollar Index Bullish Fund

S&P 500 Nears Record Highs On Hot Jobs Data: Dollar, Treasury Yields Surge As Aggressive Interest Rate Cut Hopes Fade

Many investors are going full macro mode right now, focusing too much on today&#39;s data and not on tomorrow&#39;s implications. The U.S. election is coming up in a little over a month, a new earnings season is underway, and lots of economic data is pending for the Federal Reserve (the Fed) to consider further interest rate cuts before 2024 is over.
So far, the path is set for more rate cuts, with other countries starting to follow this same view, China being the latest to cut by 50 basis points last week. Some are still pointing to economic data like unemployment and contracting manufacturing PMI index readings for the past 22 months to quote a &lsquo;hard landing,&#39; but sticking to this view might keep these investors 100% bearish and potentially miss out on some of the potential rallies that can still be had.
One potential rally can be found in shares of Salesforce Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crm#NYSE">CRM</a>), especially now that Wall Street has reiterated a new boost on the stock&#39;s price target, pointing to further upside in the coming quarters. The reason behind the boost is exactly what retail investors should focus on in their portfolio strategy, and it has to do with the economy and business model for cloud businesses in the technology sector.
<h2>What If the Bears Are Right? What Happens to Salesforce Stock?</h2>
A bearish scenario for the S&amp;P 500 doesn&#39;t have to mean a bearish scenario for all stocks. If the bearish scenario plays out, unemployment might keep heading higher, and businesses will have to look for alternatives in hiring and managing their workforce today.
This is where Salesforce stock comes into play. As a cloud-based platform, Salesforce can streamline and improve most business processes in today&#39;s economy. This means cost savings and increased efficiency for its customers. So, if unemployment is on the rise in this bearish scenario, businesses can keep expensive employees on payroll or adjust for the slowdown by implementing technology.
Salesforce stock bulls can now understand where new demand will come from, but the rest of the business model is what will deliver the stability and predictability that helped Wall Street analysts land a higher price target. Cloud service businesses like Salesforce, Adobe Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adbe#NASDAQ">ADBE</a>), and Workday Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wday#NASDAQ">WDAY</a>) all operate under a subscription model, which can be critical during a hard landing.
Why? Subscriptions provide more predictable and stable cash flows for the companies that receive them, making projections and valuations easier to calculate despite any uncertainty and volatility in the overall market. That&#39;s for the bearish side, but what if the bulls are right and the market actually does well?
Salesforce also has a bullish scenario at play: Businesses need to use the platform to manage the higher business activity if the economy does manage to pull a &lsquo;soft landing&#39;. Whichever way investors look at Salesforce stock, there is a path for it to move higher, which is why Wall Street analysts felt comfortable boosting it.
<h2>Where Analysts See Salesforce Heading Next</h2>
The consensus price target for Salesforce stock is now set at $308 a share, which calls for a net 11.3% upside from where the stock trades today. Those at Wedbush stand out from the pack, with a recent price boost as recently as last week, setting the valuation up to $325 a share, calling for a much higher 17.5% net upside from today&#39;s price.
Wedbush is not alone, however, as analysts at Piper Sandler agreed on a $325 price target for Salesforce stock last week. This shows investors that the rest of Wall Street sentiment is now shifting to the bullish end for this company, and both economic scenarios seem to back the business model&#39;s predictability and stability for the future.
Even though Salesforce stock trades at 86% of its 52-week high today, there is still much more upside aside from current analyst upgrades. Compared to the rest of the computer sector, Salesforce offers a discount based on several valuation multiples.
On a price-to-earnings (P/E) basis, Salesforce trades at a 49.8x multiple. This current valuation places Salesforce at a 78.5% discount to the computer sector&#39;s average P/E valuation of 232.7x today, creating a path for a potential new 52-week high for Salesforce.
On a price-to-book (P/B) basis, Salesforce trades at a 4.6x valuation compared to the computer sector&#39;s valuation of 7.2x. This shows investors how Salesforce stock could have more room to move higher despite already trading near its 52-week high. The bullishness in the face of this discount didn&#39;t stop on Wall Street, however.
Those at Centaurus Financial decided to boost their holdings in Salesforce stock by 23.4% as recently as September 2024, bringing their net investment up to $3.2 million today. Even the Healthcare of Ontario Pension Plan doubled its holding in September, bringing its net allocation up to $48.1 million to show investors another bullish angle for Salesforce stock.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/salesforce-stock-gets-a-wall-street-boost-cloud-businesses-back/">Salesforce Stock Gets a Wall Street Boost, Cloud Businesses Back?</a>&quot; first appeared on MarketBeat.

WDAY

Salesforce Stock Gets a Wall Street Boost, Cloud Businesses Back?

Whales with a lot of money to spend have taken a noticeably bullish stance on Adobe.
Looking at options history for Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) we detected 22 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 31% with bearish.
From the overall spotted trades, 14 are puts, for a total amount of $1,097,651 and 8, calls, for a total amount of $534,813.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $410.0 to $595.0 for Adobe over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Adobe's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Adobe's whale activity within a strike price range from $410.0 to $595.0 in the last 30 days. 
<h3>Adobe 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727712938_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ADBE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$21.3</td>
<td>$21.0</td>
<td>$21.0</td>
<td>$500.00</td>
<td>$350.7K</td>
<td>1.4K</td>
<td style="text-align: right;">167</td>
</tr>
<tr>
<td>ADBE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$10.4</td>
<td>$10.05</td>
<td>$10.4</td>
<td>$540.00</td>
<td>$312.0K</td>
<td>836</td>
<td style="text-align: right;">325</td>
</tr>
<tr>
<td>ADBE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$21.05</td>
<td>$21.0</td>
<td>$21.0</td>
<td>$500.00</td>
<td>$102.9K</td>
<td>1.4K</td>
<td style="text-align: right;">370</td>
</tr>
<tr>
<td>ADBE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$29.3</td>
<td>$26.85</td>
<td>$28.45</td>
<td>$450.00</td>
<td>$91.0K</td>
<td>5</td>
<td style="text-align: right;">64</td>
</tr>
<tr>
<td>ADBE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$29.3</td>
<td>$26.85</td>
<td>$28.45</td>
<td>$450.00</td>
<td>$91.0K</td>
<td>5</td>
<td style="text-align: right;">40</td>
</tr>
</tbody>
</table>

<h3>About Adobe</h3>
Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content multiple operating systems, devices, and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).
<h3>Where Is Adobe Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 863,777, the ADBE's price is down by -0.04%, now at $515.29. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 72 days.</li>
</ul>
<h3>What The Experts Say On Adobe</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $619.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on Adobe with a target price of $635. 
&#x2A; An analyst from Barclays has decided to maintain their Overweight rating on Adobe, which currently sits at a price target of $675. 
&#x2A; An analyst from RBC Capital downgraded its action to Outperform with a price target of $610. 
&#x2A; An analyst from Oppenheimer has decided to maintain their Outperform rating on Adobe, which currently sits at a price target of $625. 
&#x2A; An analyst from UBS has decided to maintain their Neutral rating on Adobe, which currently sits at a price target of $550. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Adobe with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Adobe Unusual Options Activity

Disclosed on September 26, SHANTANU NARAYEN, Chair and CEO at Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>), executed a substantial insider sell as per the latest SEC filing.
What Happened: NARAYEN's recent move involves selling 25,000 shares of Adobe. This information is documented in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000796343/000079634324000210//Archives/edgar/data/796343/000079634324000210/0000796343-24-000210-index.htm">U.S. Securities and Exchange Commission</a> on Thursday. The total value is $13,039,414.
The latest update on Friday morning shows Adobe shares up by 0.17%, trading at $516.26.
<h3>Get to Know Adobe Better</h3>
Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content multiple operating systems, devices, and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).
<h3>Understanding the Numbers: Adobe's Finances</h3>
Revenue Growth: Adobe's remarkable performance in 3 months is evident. As of 31 August, 2024, the company achieved an impressive revenue growth rate of 10.59%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Holistic Profitability Examination:
<ul>
<li>
Gross Margin: The company excels with a remarkable gross margin of 89.76%, indicating superior cost efficiency and profitability compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): The company excels with an EPS that surpasses the industry average. With a current EPS of 3.78, Adobe showcases strong earnings per share.
</li>
</ul>
Debt Management: Adobe's debt-to-equity ratio is below the industry average at 0.42, reflecting a lower dependency on debt financing and a more conservative financial approach.
In-Depth Valuation Examination:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 43.65, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 11.17, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry benchmarks at 29.08, Adobe presents an attractive value opportunity.
</li>
</ul>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
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<h3>Illuminating the Importance of Insider Transactions</h3>
It's important to note that insider transactions alone should not dictate investment decisions, but they can provide valuable insights.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
<h3>A Deep Dive into Insider Transaction Codes</h3>
For <a href="https://www.benzinga.com/money/investing-tools">investors</a>, a primary focus lies on transactions occurring in the open market, as indicated in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000796343">Check Out The Full List Of Adobe's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Adobe Chair and CEO Sold $13.04M In Company Stock

Enterprise software stocks move mostly down ahead of earnings

Subscription-based entertainment sources are gaining prominence with time as they offer ease, convenience, and diversity in content to consumers. Against this backdrop, quality subscription-based stocks Netflix (NFLX), Adobe (ADBE), and Spotify Technology (SPOT) could be ideal buys for now for recurring revenue growth. Continue reading... Consumer preferences have swiftly evolved in the recent past, shifting to online streaming services and subscription-based entertainment sources. Easier access to the internet has further encouraged the developments in the video and music streaming market.
Given this backdrop, it could be wise to invest in fundamentally strong subscription-based stocks Netflix, Inc. (<a href="https://stocknews.com/stock/NFLX/">NFLX</a>), Adobe Inc. (<a href="https://stocknews.com/stock/ADBE/">ADBE</a>), and Spotify Technology S.A. (<a href="https://stocknews.com/stock/SPOT/">SPOT</a>) for recurring revenue growth in the long run.
The Internet has become an integral part of the modern information society and is reaching every nook of the globe. As per Statista, there were over <a href="https://www.statista.com/statistics/617136/digital-population-worldwide/">5.45 billion internet users worldwide</a>, amounting to 67.1% of the global population as of July 2024. Statistics for social media users also came at a similar level, with 5.17 billion, or 63.7% percent of the world's population contributing.
The increasing internet penetration has also resulted in a transformation in the entertainment industry. Consumers are <a href="https://store.mintel.com/us/report/future-of-entertainment-us-2024/">increasingly leaning towards streaming videos</a>, music, and social media. Also, notably, COVID-19 has significantly contributed to this shift towards subscription-based entertainment sources. The entertainment market is expected to value over $1.23 trillion by 2028.
The video streaming industry is flourishing due to the surging digital media consumption, on-demand streaming options, and the convenience and diversity offered by streaming services. The global video streaming market is expected to grow at a <a href="https://www.grandviewresearch.com/industry-analysis/video-streaming-market">CAGR of 21.5%</a> from 2024 to 2030, reaching $416.84 billion by 2030, driven by blockchain technology and Artificial Intelligence (AI).
Further, a study by Forbes revealed that Americans dedicate a substantial three hours and nine minutes each day to <a href="https://www.forbes.com/home-improvement/internet/streaming-stats/#:~:text=Video%20streaming%20revenue%20is%20expected,reach%20a%20staggering%20%2443.97%20billion.">streaming digital media</a>, and 99% of all U.S. households subscribe and pay for a minimum of one of the streaming services. It was mentioned that households pay an average of $46 monthly for streaming services, reflecting the growing demand.
Given these factors, let's delve deeper into the fundamentals of top subscription-based stocks: NFLX, SPOT, and ADBE.
Netflix, Inc. (<a href="https://stocknews.com/stock/NFLX/">NFLX</a>)
NFLX provides entertainment services. The company offers TV series, documentaries, feature films, and games across various genres and languages. It also allows members to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.
NFLX's trailing-12-month EBIT margin and net income margin of 23.82% and 19.54% are 160 % and 570.9% higher than the respective industry averages of 9.16% and 2.91%. Similarly, the stock's trailing-12-month <a href="https://www.investopedia.com/terms/r/roce.asp">ROCE</a> of 31.57% is significantly higher than the industry average of 3.04%.
For the second quarter ended June 30, 2024, NFLX's revenues increased 16.7% year-over-year to $9.56 billion. Its operating income rose 42.5% from the previous year's period to $2.60 billion. Also, the company's net income and EPS stood at $2.15 billion and $4.88, up 44.3% and 48.3% from the prior year's quarter, respectively.
In addition, the company's total assets came in at $49.10 billion as of June 30, 2024, compared to $48.73 billion as of December 31, 2023.
Street expects NFLX's revenue and EPS for the third quarter (ended September 2024) to increase 14.3% and 37.5% year-over-year to $9.76 billion and $5.13, respectively. Furthermore, the company surpassed the consensus revenue estimates in the trailing four quarters.
Shares of NFLX have surged 16.3% over the past six months and 95.7% over the past year to close the last trading session at $705.98.
NFLX's robust growth prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, translating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has an A grade for Quality and a B for Sentiment. NFLX is ranked #17 out of 53 stocks within the B-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry.
<a href="https://stocknews.com/stock/NFLX/">Click here</a> to access additional ratings of NFLX for Growth, Stability, Value, and Momentum.
Adobe Inc. (<a href="https://stocknews.com/stock/ADBE/">ADBE</a>)
ADBE operates as a diversified software company internationally. It operates in three segments: Digital Media; Digital Experience; and Publishing and Advertising. The company offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content, and Document Cloud.
On October 14, ADBE expanded its Firefly family of creative, generative AI models to video, with new breakthroughs in its Image, Vector, and Design models and significant momentum in Firefly's adoption by leading brands and enterprises. Enhancements include 4x faster image generation and new capabilities integrated into Photoshop, Illustrator, Adobe Express, and now Premiere Pro.
The Adobe Firefly Video Model expanded ADBE's family of creative, generative AI models and is the first publicly available video model designed to be safe for commercial use.
On the same day, ADBE announced the general availability of the next generation of Frame.io, extending its industry-leading video post-production capabilities to deliver powerful metadata and asset workflows and expanding support to include photos, design, and more.
For the third quarter that ended August 30, 2024, ADBE's total revenue increased 10.6% year-over-year to $5.41 billion. Its non-GAAP operating income grew 11.1% from the year-ago value to $2.51 billion. In addition, the company's non-GAAP net income came in at $2.08 billion and $4.65 per share, reflecting growth of 10.8% and 13.7% from the prior year's quarter, respectively.
For the fourth quarter of fiscal year 2024, ADBE's total revenue target is between $5.50 billion and $5.55 billion, and its Digital Media segment revenue target is $4.09 billion to $4.12 billion. The company's non-GAAP EPS is targeted at $4.63 - $4.68.
Analysts expect ADBE's revenue and EPS for the fourth quarter (ending November 2024) to increase 9.8% and 9.4% year-over-year to $5.54 billion and $4.67, respectively. Further, the company has topped the consensus EPS and revenue estimates in all four trailing quarters, which is impressive.
ADBE's stock has soared 8.1% over the past six months to close the last trading session at $508.03.
ADBE's sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, which equates to a Buy in our proprietary rating system.
The stock has an A grade for Quality and a B for Sentiment and Stability. Within the <a href="https://stocknews.com/category/software-application/">Software - Application</a> industry, ADBE is ranked #23 among 131 stocks.
In addition to the POWR Ratings we've stated above, we also have ADBE ratings for Momentum, Growth, and Value. Get all ADBE ratings <a href="https://stocknews.com/stock/ADBE/">here</a>.
Spotify Technology S.A. (<a href="https://stocknews.com/stock/SPOT/">SPOT</a>)
Headquartered in Luxembourg, SPOT provides audio streaming subscription services worldwide. The company operates in Premium and Ad-Supported segments. Its Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers.
The trailing-12-month net income margin of SPOT is 3.22%, 10.6% higher than the industry average of 2.91%. Further, the stock's trailing-12-month ROCE and ROTC of 14.76% and 8.93% are favorable, compared to the industry averages of 3.04% and 3.68%, respectively.
For the second quarter that ended June 30, 2024, SPOT's revenue increased 9.5% year-over-year to €3.81 billion ($4.15 billion). The company's gross profit grew 9.4% from the year-ago value to €1.11 billion ($1.21 billion). Its net income and EPS came in at €274 million ($298.59 million) and €1.33 for the quarter, respectively.
Analysts expect SPOT's EPS for the third quarter (ended September 2024) to increase 385.3% year-over-year to $1.70, and its revenue is estimated to increase 11.5% year-over-year to $3.96 billion for the same quarter. Moreover, the company surpassed the consensus EPS estimates in three of the trailing four quarters.
SPOT's shares have gained 28.3% over the past six months and 135.6% over the past year to close the last trading session at $372.60.
SPOT's POWR Ratings reflect its robust outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
SPOT has an A grade for Growth. It also has a B grade for Quality. It has topped among the 3 stocks in the B-rated <a href="https://stocknews.com/category/entertainment-radio/">Entertainment - Radio</a> industry.
<a href="https://stocknews.com/stock/SPOT/">Click here</a> to access additional SPOT ratings for Sentiment, Momentum, Value, and Stability.Top of Form
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
NFLX shares were trading at $701.70 per share on Wednesday afternoon, down $4.28 (-0.61%). Year-to-date, NFLX has gained 44.12%, versus a 23.67% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/nflx-adbe-spot-3-subscription-based-stocks-to-buy-for-recurring-revenue-growth/>3 Subscription-Based Stocks to Buy for Recurring Revenue Growth</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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Press Releases

Adobe Introduces New Global Initiative Aimed at Helping 30 Million Next-Generation Learners Develop AI Literacy, Content Creation and Digital Marketing Skills by 2030

Adobe Launches Firefly Video Model and Enhances Image, Vector and Design Models

Next Generation of Adobe's Frame.io Transforms Collaboration for Creative Teams

Adobe Revolutionizes Professional Video Editing with Premiere Pro Innovations Powered by New Firefly Video Model

New Innovations in Photoshop and Illustrator Transform Creative Workflows and Deliver More Speed, Precision and Power Than Ever Before

Adobe Launches GenStudio for Performance Marketing to Accelerate Campaigns for Marketing and Creative Teams with Generative AI and Deep Insights

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