Shares of Technology sector company Adobe moved 2.8% today, and are now trading at a price of $522.24. The large-cap stock's daily volume was 1,205,107 compared to its average volume of 2,643,009. The S&P 500 index returned a 1.0% performance.
Adobe Inc., together with its subsidiaries, operates as a diversified software company worldwide. The company is based in San Jose and has 29,239 full time employees. Its market capitalization is $237,775,863,808.
27 analysts are following Adobe and have set target prices ranging from $403.65 to $622.45 per share. On average, they have given the company a rating of buy. At today's prices, ADBE is trading -8.33% away from its average analyst target price of $569.7 per share.
Over the last year, ADBE's share price has increased by 64.0%, which represents a difference of 56.0% when compared to the S&P 500. The stock's 52 week high is $574.4 per share whereas its 52 week low is $278.23. With average free cash flows of $5.83 Billion that have been growing at an average rate of 12.5% over the last 6 years, Adobe is in a position to continue its strong stock performance trend.
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | Free Cash Flow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 8,030,000 | 404,000 | 7,626,000 | 3.11 |
| 2022 | 7,838,000 | 442,000 | 7,396,000 | 7.47 |
| 2021 | 7,230,000 | 348,000 | 6,882,000 | 29.65 |
| 2020 | 5,727,000 | 419,000 | 5,308,000 | 31.81 |
| 2019 | 4,422,000 | 395,000 | 4,027,000 | 7.04 |
| 2018 | 4,029,000 | 267,000 | 3,762,000 |
