Short from $245.09
Market Cap - $120.73B
Beta - 0.76
Forward P/E - 33.49
Trailing P/E - 65.39
P/B - 13.99
- Adobe have recently changed their dynamics of business to a subscription model. Meaning that ADBE will receive lower upfront fees. Alongside this transition, the switching costs have decreased which makes it easier for the clients to switch to competitors.
- The unlimited license Adobe sells (Creative Suite) is 2x the cost of a yearly cloud based license.
- With the new product, they need to keep subscribers for two years minimum to become more profitable than the original product.
- A large chunk of Adobe's business exposure is in Europe - creating large currency headwinds for the company.
- Despite recent earnings and revenues being solid in March, Adobe remains highly dependent on two products which provide over 50% of the revenue (Creative Cloud & Acrobat).
NeroTree Capital rates Adobe Systems Inc as a SELL with a price target of $195.
Market Cap - $120.73B
Beta - 0.76
Forward P/E - 33.49
Trailing P/E - 65.39
P/B - 13.99
- Adobe have recently changed their dynamics of business to a subscription model. Meaning that ADBE will receive lower upfront fees. Alongside this transition, the switching costs have decreased which makes it easier for the clients to switch to competitors.
- The unlimited license Adobe sells (Creative Suite) is 2x the cost of a yearly cloud based license.
- With the new product, they need to keep subscribers for two years minimum to become more profitable than the original product.
- A large chunk of Adobe's business exposure is in Europe - creating large currency headwinds for the company.
- Despite recent earnings and revenues being solid in March, Adobe remains highly dependent on two products which provide over 50% of the revenue (Creative Cloud & Acrobat).
NeroTree Capital rates Adobe Systems Inc as a SELL with a price target of $195.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.