最新ニュース Adobe (NASDAQ:ADBE) 株価情報

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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今週初め、かつてバンしたかったソーシャルメディアプラットフォームTikTokに登録した元大統領のドナルド・トランプが、ユーザー数500万人以上を誇ることで、ジョー・バイデン大統領の選挙キャンペーンアカウントを上回っているという報告がありました。

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IBM（NYSE：IBM）のCEOアビンド・クリシュナ（Arvind

IBMのCEOアーヴィンド・クリシュナがNVIDIAとの協力を発表｜「10億ドルの協業でAIの旅はより鮮やかになる」

Adobe Inc

Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) shares are trading lower Friday. The company reported its fourth-quarter results on Wednesday. Here&#8217;s <a href="https://www.benzinga.com/news/earnings/24/12/42449013/adobe-q4-earnings-revenue-eps-beat-on-strong-demand-related-to-ai-shares-slide-following-soft-guidance">what you need to know.</a>
What To Know: On Wednesday, Adobe reported fourth-quarter revenue of $5.61 billion, beating the $5.54 billion consensus. Adjusted earnings were $4.81 per share, above the $4.66 estimate. This marks Adobe&#8217;s eighth consecutive quarter of beating expectations. Total revenue grew 11% year-over-year, with Digital Media and Digital Experience revenues up 12% and 10%, respectively. Remaining performance obligations (RPO) rose 16% to $19.96 billion. Operating cash flow was $2.92 billion and 4.6 million shares were repurchased during the quarter according to Benzinga Pro.
CEO Shantanu Narayen highlighted record fiscal 2024 revenue and the importance of Adobe&#8217;s cloud platforms in the AI economy.
Guidance: Revenue is projected between $23.3 billion and $23.55 billion, below the $23.79 billion consensus. Adjusted earnings per share are expected to range from $20.20 to $20.50, slightly below the $20.55 estimate. First-quarter revenue guidance of $5.63 billion to $5.68 billion also missed the $5.73 billion consensus. Management pointed to lower pricing benefits, delayed monetization of generative AI solutions and foreign exchange headwinds as factors weighing on growth.
Analysts Ratings: 
<ul>
<li>Piper Sandler: Brent Bracelin maintained an Overweight rating but lowered the price target from $635 to $600.</li>
<li>Oppenheimer: Brian Schwartz reiterated an Outperform rating with a reduced price target of $600.</li>
<li>Goldman Sachs: Kash Rangan reaffirmed a Buy rating and $640 price target.</li>
<li>KeyBanc Capital Markets: Jackson Ader maintained an Underweight rating and $450 price target.</li>
<li>RBC Capital Markets: Matthew Swanson lowered the price target from $610 to $590 while maintaining an Outperform rating.</li>
<li>UBS: Reduced its price target to $525 with a Neutral rating.</li>
<li>Barclays: Adjusted its price target to $645, maintaining an Overweight rating.</li>
<li>Bernstein: Cut its price target to $587, reiterating an Outperform rating.</li>
<li>DA Davidson: Revised its target to $625 while retaining a Buy rating.</li>
<li></li>
</ul>
ADBE Price Action: Adobe shares were down 3.47% at $458.18 at the time of writing, according to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1733167806337199"><img loading="lazy" decoding="async" width="1024" height="555" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13143850/yfj-1024x555.png" alt="" class="wp-image-692116" style="width:446px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13143850/yfj-1024x555.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13143850/yfj-300x163.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13143850/yfj-768x416.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13143850/yfj.png 1126w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
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<li></li>
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Image via Shutterstock.

Movers

Adobe Shares Are Falling Today: What's Going On?

U.S. stock futures advanced on Friday in premarket hours after declining in trade on Thursday. The futures of all four major indices were trading higher.
The 10-year and two-year Treasury notes yielded 4.33% and 4.19%, respectively. Traders await the import price index data, which will be released later today.
Wall Street is waiting for the Federal Reserve&#8217;s policy meeting next week. Federal Reserve officials are currently in a quiet period ahead of their December meeting.
November inflation data was in line with analyst expectations, shooting up the probability of a further 25 basis point rate cut in December rose to 96.7% versus 86% probability a week ago, according <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">to</a> CME Group&#8217;s FedWatch tool.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.65%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.33%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.23%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.29%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Friday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was up 0.41% to $606.79&nbsp;and the Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) jumped 0.76% to $530.49, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Cues From The Last Session
<a href="https://www.benzinga.com/news/earnings/24/12/42478606/dow-dips-more-than-200-points-following-inflation-data-nvidia-and-amd-decline-fear-greed-index-remains-in-neutral-zone">U.S. stocks closed lower</a> on Thursday, with the Dow Jones shedding over 200 points. The market reacted to fresh inflation data and weaker-than-expected guidance from tech giants.
Technology stocks were among the day&#8217;s biggest losers. Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares dipped over 1%, while Adobe Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) plummeted more than 13% after issuing a disappointing 2025 outlook.
On the economic front, initial jobless claims rose to 242,000, higher than the estimated 220,000. Core producer prices increased by 0.2% month-over-month, aligning with market expectations.
Most S&amp;P 500 sectors ended the day in the red, with healthcare, consumer discretionary, and communication services bearing the brunt of the decline.
However, consumer staples bucked the trend and closed higher.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.66%</td>
<td>19.902.84</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.54%</td>
<td>6,051.25</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.53%</td>
<td>43,914.12</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.38%</td>
<td>2,361.08</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts
Picking up from Thursday&#8217;s session, Jason Goepfert, the founder of SentimenTrader, said, &#8220;This will be the S&amp;P 500&#8217;s 9th consecutive session with negative breadth. That&#8217;s happened fewer than 20 times in ~70 years. On average, the S&amp;P has been -12% from its high during these streaks.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This will be the S&amp;P 500&#39;s 9th consecutive session with negative breadth. That&#39;s happened fewer than 20 times in ~70 years. On average, the S&amp;P has been -12% from its high during these streaks. Today marks the closest the S&amp;P has been to its high. The 2 most similar were Dec… <a href="https://t.co/rxHkoG1AzD">pic.twitter.com/rxHkoG1AzD</a>
&mdash; Jason Goepfert (@jasongoepfert) <a href="https://twitter.com/jasongoepfert/status/1867309528573956329?ref_src=twsrc%5Etfw">December 12, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Talking about the future of AI, BlackRock in their 2025 outlook said, &#8220;We think the AI mega force will benefit U.S. stocks more and that's why we stay overweight, particularly relative to international peers such as European stocks.&#8221;
The note added that the &#8220;key signposts&#8221; for them to change their views will include any &#8220;surge in long-term bond yields or an escalation in trade protectionism.&#8221;
The note also added that BlackRock has conviction in U.S. equities outperforming their international peers. &#8220;We recognize valuations are rich in U.S. equities but don't see them as a near-term market driver,&#8221; it added.
According to Charles Schwab&#8217;s 2025 outlook, the volatility backdrop is likely to be different from what investors got used to in 2024. &#8220;The likelihood of a similar dynamic in 2025 is low, in our opinion,&#8221; the note said.
&#8220;Starting with where we are now, though, the market is in a relatively healthy position. As shown in the chart below, the S&amp;P 500 is comfortably above its 50 and 200-day moving averages; and when its 50 DMA was above its 200 DMA historically, the average annualized gain for the index (going back to the late 1920s) was 9.2%. There is strong momentum heading into the new year.&#8221;
However, &#8220;If inflation volatility picks back up, which will become clearer after tariff and labor policy implementations, there could be more risks to stocks via bonds,&#8221; Schwab note adds.
See Also:&nbsp;<a href="https://www.benzinga.com/money/how-to-trade-futures" target="_blank" rel="noreferrer noopener">How To Trade Futures</a>
Upcoming Economic Data
<ul>
<li>On Friday, the import price index data will be released at 8:30 a.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) was 14.38% up in premarket after it saw a four-fold increase in AI connectivity revenue driven by Tomahawk and Jericho shipments. The management also highlighted a significant reduction in VMware spending in the fourth quarter.</li>
<li>RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) was up 17.23% after it raised revenue guidance across the board based on current trends.</li>
<li>Costco Wholesale Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) was up 0.3% in premarket after it reported its first-quarter revenue and earnings per share, which beat analyst estimates.</li>
<li>Inovio Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INO#NASDAQ">INO</a>) was down 22.61% after it announced a proposed public offering.</li>
<li>Loop Industries Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOOP#NASDAQ">LOOP</a>) gained 51.22% as completed convertible preferred financing with Reed Societe Generale Group.</li>
<li>Repare Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPTX#NASDAQ">RPTX</a>) tumbled 38.29% after it reported results of the Lunresertib and Camonsertib combination from MYTHIC Phase 1 gynecologic expansion clinical trial.</li>
<li>Candel Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAD#NASDAQ">CAD</a>) fell 31.12% after the company announced the pricing of its public offering.</li>
<li>Amentum Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMTM#NYSE">AMTM</a>) was up 0.6% ahead of its earnings which are slated to be released before the opening bell. Analysts expect the company to report quarterly earnings at 25 cents per share.</li>
<li>Investors are awaiting earnings results from 51Talk Online Education Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COE#NYSE">COE</a>) today.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures rose in the early New York session by 1.19% to hover around $70.86 per barrel.
The gold spot index fell by 0.88% to $2,685.59 per ounce. The Dollar Index was up 0.01% to 106.964 level.
Most Asian markets declined on Friday including Australia&#8217;s ASX 200, Hong Kong&#8217;s Hang Seng, China&#8217;s CSI 300, and Japan&#8217;s Nikkei 225. India&#8217;s S&amp;P BSE Sensex and South Korea&#8217;s Kospi Index, bucked the trend as they advanced. Most European markets advanced.
Read Next:
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<li><a href="https://www.benzinga.com/24/12/42460199/jpmorgan-reiterates-underweight-rating-on-supermicro-maintains-the-lowest-target-price-among-the-17-tracked-analysts">SMCI Stock Receives Harshest Price Target Among 17 Tracked Analysts As JPMorgan Maintains Underweight Rating On Super Micro</a></li>
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Photo courtesy: Wikimedia

Market Summary

Futures

Economics

Federal Reserve

Pre-Market Outlook

Trading Ideas

AMTM

AVGO

COST

LOOP

RPTX

US Stocks Likely To Open Higher, Investors Eye Fed Policy Meet Next Week: Broadcom, RH, Costco In Focus

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the &#8220;Neutral&#8221; zone on Thursday.
U.S. stocks settled lower on Thursday, with the Dow Jones index falling more than 200 points following the release of inflation data.
Tech stocks were among the notable decliners, with shares of Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) falling over 1% on Thursday. Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) shares fell over 13% after the company issued weaker-than-expected 2025 guidance.
On the economic data front, U.S. initial jobless claims increased by 17,000 from the previous week to a reading of 242,000 during the first week of December, compared to market estimates of 220,000. Core producer prices increased by 0.2% month-over-month in November compared to a 0.3% increase in the previous month, which is in line with market expectations.
Most sectors on the S&amp;P 500 closed on a negative note, with healthcare, consumer discretionary, and communication services stocks recording the biggest losses on Thursday. However, consumer staples stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 234 points to 43,914.12 on Thursday. The S&amp;P 500 fell 0.54% to 6,051.25, while the Nasdaq Composite dipped 0.66% to close at 19,902.84 during Thursday's session.
Investors are awaiting earnings results from 51Talk Online Education Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COE#NYSE">COE</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 48.6, the index remained in the &#8220;Neutral&#8221; zone on Thursday, versus a prior reading of 51.7.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Photo courtesy: Shutterstock

Dow Dips More Than 200 Points Following Inflation Data, Nvidia And AMD Decline: Fear & Greed Index Remains In 'Neutral' Zone

<h3>Gainers</h3>
<ul>
<li>SEALSQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) shares rose 51.3% to $1.74 during Thursday's pre-market session. The market value of their outstanding shares is at $59.0 million. </li>
<li>ZenaTech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZENA#NASDAQ">ZENA</a>) stock increased by 21.08% to $6.89. The market value of their outstanding shares is at $121.7 million. </li>
<li>AmpliTech Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMPG#NASDAQ">AMPG</a>) shares increased by 19.14% to $2.3. The market value of their outstanding shares is at $28.7 million. </li>
<li>Ciena (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) shares increased by 13.93% to $83.41. The company's market cap stands at $11.9 billion. As per the news, the Q4 earnings report came out today. </li>
<li>Intevac (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVAC#NASDAQ">IVAC</a>) stock moved upwards by 13.07% to $3.2. The market value of their outstanding shares is at $86.3 million. </li>
<li>TTM Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTMI#NASDAQ">TTMI</a>) shares increased by 11.79% to $28.33. The company's market cap stands at $2.8 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>MMTEC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) stock declined by 16.2% to $0.22 during Thursday's pre-market session. The company's market cap stands at $43.7 million. </li>
<li>Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) stock decreased by 11.28% to $487.91. The market value of their outstanding shares is at $214.7 billion. As per the press release, Q4 earnings came out yesterday. </li>
<li>Rigetti Computing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) shares decreased by 9.9% to $6.65. The company's market cap stands at $1.8 billion. </li>
<li>LeddarTech Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LDTC#NASDAQ">LDTC</a>) shares declined by 7.74% to $1.67. The company's market cap stands at $49.1 million. </li>
<li>Signing Day Sports (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SGN#AMEX">SGN</a>) stock decreased by 6.38% to $3.23. The company's market cap stands at $1.8 million. </li>
<li>X3 Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTKG#NASDAQ">XTKG</a>) stock decreased by 6.0% to $0.94. The company's market cap stands at $12.9 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AMPG

CIEN

IVAC

LAES

LDTC

RGTI

TTMI

XTKG

ZENA

12 Information Technology Stocks Moving In Thursday's Pre-Market Session

Risk sentiment soured on Thursday following hotter-than-expected producer inflation data, which dampened optimism for aggressive interest rate cuts in 2025. Adding to the uncertainty, an unexpected rise in jobless claims cast doubt on the resilience <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42467265/stocks-fall-as-producer-inflation-spikes-jobless-claims-jump-what-is-happening-here">of the U.S. labor market.</a>
Major U.S. stock indices were in the red during midday trading in New York. The Nasdaq 100 slipped 0.4%, retreating from its record highs reached in the previous session, while small caps underperformed as the iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) dropped 1%.
The Producer Price Index surged to 3% year-over-year in November, its highest level since February 2023, outpacing both forecasts and the upwardly revised 2.6% from October. On the labor front, weekly jobless claims rose by 17,000 to 242,000, exceeding consensus estimates of 220,000.
Treasury yields ticked higher, with the 10-year benchmark yield climbing 4 basis points to 4.31%, as investors placed greater emphasis on the robust inflation reading. However, expectations for a 25-basis-point rate cut at the upcoming Federal Reserve meeting remained intact, with Fed futures pricing in a 98% probability.
In currency markets, the U.S. Dollar Index, as measured by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), edged up 0.1%, while gold prices slid more than 1%.
Natural gas prices soared nearly 5%, reaching levels not seen since late October 2023, after a steep storage draw fueled buying momentum.
In cryptocurrencies, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) traded modestly higher, up 0.3% to $101,500, while Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) gained 3.1%.
<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,073.41</td>
<td>-0.2%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,020.82</td>
<td>-0.3%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,687.46</td>
<td>-0.4%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,371.79</td>
<td>-0.9%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:15 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121224&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) eased 0.1% to $606.65.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;fell 0.2% to $441.69.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) edged 0.2% down to $528.71.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.9% to $235.90.</li>
<li>The&nbsp;Consumer Staples Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) outperformed, up by 0.5%; the&nbsp;Health Care Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) lagged, down 0.5%.</li>
</ul>
<h2 class="wp-block-heading">Thursday&#8217;s Stock Movers</h2>
<ul>
<li>Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) tumbled by over 12%, despite beating Street&#8217;s profit and revenue estimates last quarter, as the company lowered guidance for the first quarter of 2025. </li>
<li>Nordson Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>) tumbled 9%, while Ciena Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) rose 16% in reaction to earnings.</li>
<li>Major companies slated to report earnings after the close include Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) and Costco Wholesale Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>).</li>
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Stocks Slip On Hot Inflation Data, Adobe Tumbles, Natural Gas Hits 1-Year High: What's Driving Markets Thursday?

DA Davidson analyst Gil Luria maintains Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) with a Buy and lowers the price target from $685 to $625.

Price Target

Analyst Ratings

DA Davidson Maintains Buy on Adobe, Lowers Price Target to $625

U.S. stocks traded lower midway through trading, with the Dow Jones index falling by 0.2% on Thursday.
The Dow traded down 0.18% to 44,067.70 while the NASDAQ fell 0.33% to 19,969.33. The S&amp;P 500 also fell, dropping, 0.24% to 6,069.33.
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Leading and Lagging Sectors Real estate shares jumped by 0.7% on Thursday.
In trading on Thursday, energy shares fell by 0.6%.
Top Headline
Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) shares fell around 13% on Thursday following the company's release of a revenue forecast that fell short of expectations.
The company said it expects first-quarter revenue to be in the range of $5.63 billion to $5.68 billion versus estimates of $5.73 billion. The company anticipates first-quarter adjusted earnings of $4.95 to $5 per share versus estimates of $4.95 per share.
The company reported revenue of $5.61 billion, surpassing the consensus estimate of $5.54 billion. Adjusted earnings per share were $4.81, exceeding analyst predictions of $4.66 per share.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Liquidity Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LQDT#NASDAQ">LQDT</a>) shares shot up 26% to $32.51 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Shares of Trevi Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRVI#NASDAQ">TRVI</a>) got a boost, surging 60% to $3.9880 after the company announced positive outcomes for the treatment of patients from its chronic cough Phase 2b CORAL trial.</li>
<li>3D Systems Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DDD#NYSE">DDD</a>) shares were also up, gaining 17% to $3.9300 after the company inked a definitive agreement to sell its Geomagic software portfolio to Hexagon's Manufacturing Intelligence Division for $123 million.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Sacks Parente Golf, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPGC#NASDAQ">SPGC</a>) shares dropped 80% to $0.2950 after the company priced an upsized $8.4 million underwritten public offering of 7 million common units at $1.20 per unit.</li>
<li>Shares of Keros Therapeutics, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KROS#NASDAQ">KROS</a>) were down 74% to $18.00 after the company announced it halted treatment in the 3.0 mg/kg and 4.5 mg/kg arms of its ongoing TROPOS trial due to safety concerns..</li>
<li>The Lovesac Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOVE#NASDAQ">LOVE</a>) was down, falling 25% to $28.39 after the company reported mixed third-quarter financial results.</li>
</ul>
Commodities In commodity news, oil traded down 1.6% to $69.17 while gold traded down 1.9% at $2,705.80.
Silver traded down 3.9% to $31.67 on Thursday, while copper fell 0.7% to $4.2330.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 fell 0.09%, Germany's DAX rose 0.15% and France's CAC 40 gained 0.07%. Spain's IBEX 35 Index slipped 0.06%, while London's FTSE 100 rose 0.12%.
Asia Pacific Markets
Asian markets closed mostly higher on Thursday, with Japan's Nikkei 225 gaining 1.21%, Hong Kong's Hang Seng Index gaining 1.20%, China's Shanghai Composite Index gaining 0.85% and India's BSE Sensex falling 0.29%.
Economics
<ul>
<li>U.S. initial jobless claims increased by 17,000 from the previous week to a reading of 242,000 during the first week of December, compared to market estimates of 220,000.</li>
<li>Core producer prices increased by 0.2% month-over-month in November compared to a 0.3% increase in the previous month and in-line with market expectations.</li>
<li>U.S. natural-gas stocks fell 190 billion cubic feet to 3.747 trillion cubic feet in the week ended Dec. 6, compared to market estimates of a 170 billion cubic feet decline.</li>
</ul>
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Gold Falls Sharply; Adobe Shares Dip After Weak Revenue Outlook

Bernstein analyst Mark Moerdler maintains Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) with a Outperform and lowers the price target from $644 to $587.

Bernstein Maintains Outperform on Adobe, Lowers Price Target to $587

Barclays analyst Saket Kalia maintains Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) with a Overweight and lowers the price target from $675 to $645.

Barclays Maintains Overweight on Adobe, Lowers Price Target to $645

UBS analyst Karl Keirstead maintains Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) with a Neutral and lowers the price target from $550 to $525.

UBS Maintains Neutral on Adobe, Lowers Price Target to $525

RBC Capital analyst Matthew Swanson maintains Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) with a Outperform and lowers the price target from $610 to $590.

RBC Capital Maintains Outperform on Adobe, Lowers Price Target to $590

Shares of Adobe Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) tanked in early trading on Thursday, despite the company reporting <a href="https://www.benzinga.com/news/earnings/24/12/42449013/adobe-q4-earnings-revenue-eps-beat-on-strong-demand-related-to-ai-shares-slide-following-soft-guidance">upbeat fiscal fourth-quarter results</a>.
The company reported its results amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here are some key analyst takeaways.
Piper Sandler On Adobe
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/586e4055351b9b00018beeab/brent-bracelin">Analyst Brent Bracelin</a> reiterated an Overweight rating, while reducing the price target from $635 to $600.
Adobe reported "solid" results for its fiscal fourth quarter, with revenues beating consensus by $81 million, Bracelin said in a note. Subscription revenues grew by 12.6% year-on-year to $5.4 billion, accelerating from 11.9% in the previous quarter and coming in higher than the average of 11.8% in the previous nine quarters, he added.
The company generated healthy non-GAAP earnings growth of 13% year-on-year for the fourth quarter and 15% for the year, the analyst stated. The stock came under pressure due to management's fiscal 2025 revenue growth guidance of 8.9%, which implies a deceleration from 10.8% in fiscal 2024, he further noted.
Oppenheimer On Adobe
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/597b3ef9c1f5580001ef5278/brian-schwartz">Analyst Brian Schwartz</a> maintained an Outperform rating, while lowering the price target from $625 to $600.
Although Adobe's fourth-quarter results were "decent," Creative Cloud's net new annualized recurring revenue grew only modestly, Schwartz said. Management's initial fiscal 2025 outlook was disappointing, he added.
"Specifically, the FY25 net new Digital Media ARR is guided slightly below what the business generated in FY22-24 per annum from less pricing benefits, continuing focus on AI user engagement over monetization growth, negative FX, and conservatism," the analyst wrote. The takeaway for investors could be that Adobe&#8217;s growth is being impacted by "increasing competition in the low-end of the market and a slow monetization path for the AI technologies," he further stated.
Goldman Sachs On Adobe
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58c6ab8db85e9300015f1ae0/kash-rangan">Analyst Kash Rangan</a> reaffirmed a Buy rating and price target of $640.
Adobe's fiscal 2025 guidance reflects a deceleration in revenue growth to 9%, Rangan said. The revenue growth contribution from company's Gen AI solutions may be delayed until fiscal 2026, he added.
Gen AI presents a total addressable market of more than $4 billion, driven by higher retention, increased user spend, and new monetization strategies, the analyst stated. Adobe is on track to grow revenues "by 2x to 3x from current levels over the next few years, potentially entering the top ranks of software companies with $40bn+ of revenues," he further wrote.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
KeyBanc Capital Markets On Adobe
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58777fa15064ed000173004c/jackson-ader">Analyst Jackson Ader</a> maintained an Underweight rating and price target of $450.
Adobe generated revenue growth of 11.1%, higher than consensus of 9.7%, Ader said. "Bookings saw the strongest sequential growth we have in our model, up 30.6% quarter-over-quarter to $7.427B, the largest absolute dollar figure we have in our model," he wrote.
However, management issued a disappointing outlook for 2025, with the midpoint of Digital Media revenue growth of 9.2% missing expectations and margin guidance coming in below expectations, the analyst stated. "AI monetization continues to get kicked further and further down the road," he added.
JPMorgan On Adobe
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58d5296ab85e930001416e5a/mark-murphy">Analyst Mark Murphy</a> reiterated an Overweight rating and price target of $580.
Adobe's sequential revenue growth was healthy, despite Cyber Monday being excluded from its fiscal fourth quarter, which ended on Nov.29, Murphy said. The company generated solid year-on-year growth in RPO and cRPO, with sequential growth in both and healthy upside to guidance, he added.
While Adobe's fiscal 2025 disappointed markets, the consensus was set "well ahead of the implied FQ4 exit-rate," the analyst wrote. Also, after accounting for forex and model transition dynamics, the guidance implies around 10% growth on constant currency terms, he further stated.
RBC Capital Markets On Adobe
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/64da23ec2e59fb0001505ffd/matthew-swanson">Analyst Matthew Swanson</a> reaffirmed an Outperform rating and price target of $610.
Adobe delivered strong quarterly results, with Digital Media NNARR coming in at $578 million, beating consensus of $551.0 million, Swanson said. Revenue growth of 11% was better than expected, he added.
"Another highlight was RPO growth of 16% as we continue to think this is a positive metric for enterprise traction around GenAI specifically in the Experience cloud," the analyst wrote. The company's full-year revenue guidance of $23.425 billion at the midpoint fell short of consensus at $23.778 billion, but the guidance includes FX headwinds of $200 million, he further stated.
JMP Securities On Adobe
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5846fffaee7bf6000154d141/patrick-walravens">Analyst Patrick Walravens</a> maintained a Market Perform rating on the stock.
Adobe reported its quarterly results higher than expectations, with non-GAAP earnings of $4.81 per share coming in higher than the consensus of $4.67 per share, Walravens said. Adobe issued soft guidance for fiscal 2025, with total revenue of $5.63 billion to $5.68 billion coming in much lower than the consensus of $5.73 billion, he added.
Although Adobe is "very well managed by CEO Shantanu Narayen and CFO Daniel Durn," there are two main areas of risk, the analyst stated. First is Creative Cloud "growing more slowly than Canva," and second, the company's foundational models for Generative Fill, Text to Image, Generative Extend, and Generate Video face "intense pressure from rapid innovation coming out of startups and AI labs, such as OpenAI," he further wrote.
ADBE Price Action: Shares of Adobe were down 12.7% to $479.78 at the time of publication Thursday.
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Photo: Shutterstock

Analyst Color

Earnings Beats

Reiteration

Adobe Analysts Split After Strong Q4, Weak 2025 Guidance

General

Benzinga Market Summary: PPI Comes In Above Expectations, Initial Jobless Claims Rise, Adobe Falls On Weak Guidance

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Deutsche Bank increased the price target for PepsiCo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) from $179 to $184. Deutsche Bank analyst Steve Powers upgraded the stock from Hold to Buy. PepsiCo shares closed at $156.77 on Wednesday. See how other analysts view this stock.</li>
<li>Wells Fargo raised the price target for The Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) from $70 to $73. Wells Fargo analyst Edward Kelly maintained an Overweight rating. Kroger shares closed at $61.33 on Wednesday. <a href="https://www.benzinga.com/quote/KR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Oppenheimer boosted the price target for KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) from $153 to $175. Oppenheimer analyst Chris Kotowski maintained an Outperform rating. KKR shares closed at $157.39 on Wednesday. <a href="https://www.benzinga.com/quote/KKR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Mizuho raised Lowe&#8217;s Companies, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) price target from $282 to $305. Mizuho analyst David Bellinger maintained an Outperform rating. Lowe&#8217;s shares settled at $267.90 on Wednesday. <a href="https://www.benzinga.com/quote/LO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies slashed Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) price target from $700 to $650. Jefferies analyst Brent Thill maintained a Buy rating. Adobe shares closed at $549.93 on Wednesday. <a href="https://www.benzinga.com/quote/ADBE/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Roth MKM raised United Natural Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNFI#NYSE">UNFI</a>) price target from $20 to $26. Roth MKM analyst Bill Kirk maintained a Neutral rating. United Natural Foods shares closed at $28.08 on Wednesday.  <a href="https://www.benzinga.com/quote/UNFI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel cut Match Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>) price target from $39 to $36. Stifel analyst Mark Kelley maintained a Hold rating on the stock. Match Group shares closed at $61.48 on Wednesday. See how other analysts view this stock.</li>
<li>UBS cut the price target for Commercial Metals Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) from $62 to $56. UBS analyst Curt Woodworth downgraded the stock from Buy to Sell. Commercial Metals shares settled at $61.60 on Wednesday. <a href="https://www.benzinga.com/quote/CMC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank boosted Keurig Dr Pepper Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KDP#NASDAQ">KDP</a>) price target from $37 to $39. Deutsche Bank analyst Steve Powers upgraded the stock from Hold to Buy. Keurig Dr Pepper shares closed at $33.26 on Wednesday. <a href="https://www.benzinga.com/quote/KDP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham raised Stryker Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYK#NYSE">SYK</a>) price target from $409 to $442. Needham analyst Mike Matson maintained a Buy rating. Stryker shares closed at $376.16 on Wednesday. <a href="https://www.benzinga.com/quote/SYK/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying PEP stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="568" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12101330/image-105-1024x568.png" alt="" class="wp-image-689663" style="width:632px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12101330/image-105-1024x568.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12101330/image-105-300x167.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12101330/image-105-768x426.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12101330/image-105.png 1117w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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MTCH

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PepsiCo To Rally Over 17%? Here Are 10 Top Analyst Forecasts For Thursday

<ul>
<li>TSLA</li>
<li>NVDA</li>
<li>ACHR</li>
<li>GOOGL</li>
<li>GOOG</li>
<li>AMD</li>
<li>ADBE</li>
<li>AAPL</li>
<li>MSTR</li>
<li>INTC</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

ACHR

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Top 10 Trending Stocks On WallStreetBets As Of December 12, 2024 (Via Swaggy Stocks)

Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) has outperformed the market over the past 20 years by 7.13% on an annualized basis producing an average annual return of 15.56%. Currently, Adobe has a market capitalization of $216.14 billion. 
Buying $100 In ADBE: If an investor had bought $100 of ADBE stock 20 years ago, it would be worth $1,809.58 today based on a price of $491.00 for ADBE at the time of writing.
<h3>Adobe's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734012913_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 $100 Invested In Adobe 20 Years Ago Would Be Worth Today

JMP Securities analyst Patrick Walravens reiterates Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) from Market Perform to Market Perform.

JMP Securities Reiterates Market Perform on Adobeto Market Perform

U.S. stock futures were lower this morning, with the Nasdaq futures falling around 50 points on Thursday.
Shares of Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) fell sharply in today's pre-market trading following the release of <a href="https://www.benzinga.com/markets/equities/24/12/42458235/adobe-shares-plunges-over-11-after-disappointing-revenue-forecast">quarterly results</a>.
Adobe posted better-than-expected earnings and sales results for its fourth quarter. The company said it expects first-quarter revenue to be in the range of $5.63 billion to $5.68 billion versus estimates of $5.73 billion. The company anticipates first-quarter adjusted earnings of $4.95 to $5 per share versus estimates of $4.95 per share.
Adobe shares dipped 10% to $495.00 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>Keros Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KROS#NASDAQ">KROS</a>) shares tumbled 72% to $19.23 in pre-market trading after the company issued an update on the Phase 2 TROPOS trial.</li>
<li>Primis Financial Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRST#NASDAQ">FRST</a>) dipped 20.1% to $10.01 in pre-market trading.</li>
<li>The Lovesac Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOVE#NASDAQ">LOVE</a>) shares fell 19.9% to $30.20 in pre-market trading after the company posted weak quarterly sales and lowered FY25 forecast.</li>
<li>Contineum Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTNM#NASDAQ">CTNM</a>) fell 12.3% to $12.50 in pre-market trading.</li>
<li>Rigetti Computing, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) dipped 9.1% to $6.71 in pre-market trading after gaining around 14% on Wednesday.</li>
<li>Cullinan Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGEM#NASDAQ">CGEM</a>) shares declined 7.3% to $11.61 in pre-market trading.</li>
<li>ADS-TEC Energy PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSE#NASDAQ">ADSE</a>) fell 5.2% to $13.25 in pre-market trading.</li>
</ul>
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Adobe, Keros Therapeutics, Lovesac And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

Jefferies analyst Brent Thill maintains Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) with a Buy and lowers the price target from $700 to $650.

Jefferies Maintains Buy on Adobe, Lowers Price Target to $650

Deutsche Bank analyst Brad Zelnick maintains Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) with a Buy and lowers the price target from $650 to $600.

Deutsche Bank Maintains Buy on Adobe, Lowers Price Target to $600

Sales came in at $5.61 billion, which exceeded expectations of $5.54 billion. Adobe has also beat street estimates for sales over the last 8 quarters.

Adobe Earnings Breakdown

Adobe: Panic Will Pass - Initiating With A Buy

Adobe Q4: Higher-Priced Firefly Subscription Could Be Coming

Adobe: Strong Q4 Bookings Growth Signals Resilient Demand (Rating Upgrade)

In a report released yesterday, Jackson Ader from KeyBanc maintained a Sell rating on Adobe (ADBE – Research Report), with a price target of $450.0...

Adobe (ADBE): New Sell Recommendation for This Technology Giant

The latest developments highlight a mixed sentiment in U.S. markets, driven by strong corporate earnings from key players like Broadcom and RH but weighed down by hotter-than-expected inflation data.

Nasdaq Futures Rise On Broadcom's AI Surge, While Markets Weigh Inflation Data And Fed Rate Cut Outlook

Box, Inc. (BOX) is soaring with robust financial performance, backed by innovative service offerings and strategic partnerships with leading enterprises. As the demand for cloud services and storage rises, is BOX in a prime position to capitalize on this growth wave? Continue to read… The cloud storage industry is experiencing robust growth due to the rise in unstructured data and the increasing demand for AI, analytics, and automation. Its efficiency and cost-effectiveness have prompted numerous corporations to integrate cloud storage services into their workflows, enhancing overall productivity and scalability.
According to a report by Fortune Business Insights, the global cloud storage market is forecasted to soar from $132.03 billion in 2024 to a staggering $665 billion by 2032 at <a href="https://www.fortunebusinessinsights.com/cloud-storage-market-102773">a CAGR of 22.4%</a>. Leading the digital revolution is Box, Inc. (<a href="https://stocknews.com/stock/BOX/">BOX</a>), which is redefining how businesses store and access their data.
In the fiscal third quarter, BOX impressed the market by exceeding analyst expectations for both revenue and EPS. The company's growth trajectory is further supported by its expansive portfolio of highly valued Software as a Service (SaaS) solutions.
BOX's success is evident in its stock performance. The stock has surged 22.9% in the past six months and 34.7% over the past year to close the last trading session at $33.02. The company has demonstrated its ability to capitalize on the boom of cloud services and maintain a strong market position.
So, let us dive into the factors that could shape BOX's performance in the near future.
Recent Developments
On December 10, BOX <a href="https://www.boxinvestorrelations.com/news-and-media/news/press-release-details/2024/Adobe-Express-and-Box-Partner-to-Bring-Industry-Leading-Creativity-and-AI-Tools-to-Businesses/default.aspx">announced a partnership</a> with Adobe Inc. (<a href="https://stocknews.com/stock/ADBE/">ADBE</a>), empowering BOX users to create engaging content through the inclusion of Adobe Express in BOX's secure platform. The partnership is expected to enhance BOX's service offerings which could boost the company's growth.
On November 12, BOX <a href="https://www.boxinvestorrelations.com/news-and-media/news/press-release-details/2024/Box-Revolutionizes-Unstructured-Data-in-the-Enterprise-with-Intelligent-Content-Management/default.aspx">announced the release</a> of a new set of AI-powered innovations, namely, Box AI Studio and Box Apps, that enable its users to create and deploy powerful Box AI agents and to build applications for critical business processes like contract management, invoice processing, employee onboarding and more.
With the rapid adoption of AI in the SaaS industry, these offerings position BOX to solidify its market dominance and unlock new growth opportunities.
Sound Historical Growth
Over the past three years, BOX has demonstrated consistent growth across key financial metrics. Its revenue grew at a CAGR of 8.5%, while <a href="https://www.investopedia.com/terms/e/ebitda.asp">EBITDA</a> rose faster at 35.5%. Moreover, the company's levered free cash flow marginally rose over the same time period.
Strong Financials
For the fiscal 2025 third quarter that ended October 31, 2024, BOX's revenue increased 5.5% year-over-year to $275.91 million. Its non-GAAP gross profit grew 13.2% from the year-ago value to $226.07 million. Moreover, the company's non-GAAP operating income rose 24.1% from the prior year's quarter to $80.19 million.
Additionally, non-GAAP net income and non-GAAP net income per share attributable to common stockholders increased 26.7% and 25% year-over-year to $67.46 million and $0.45, respectively. As of October 31, 2024, BOX's cash and cash equivalents amounted to $608.77 million, compared to $383.74 million on January 31, 2024.
Favorable Analyst Estimates
Analysts predict BOX's revenue and EPS for the fiscal 2025 fourth quarter ending January 2025 to increase 6.3% and 1.4% year-over-year to $279.36 million and $0.43, respectively. Moreover, the company exceeded the consensus revenue and EPS estimates in each of the four trailing quarters, which is noteworthy.
For the full fiscal year 2025, ending January 2025, BOX's revenue and EPS are expected to rise 5% and 17.3% from the previous year, reaching $1.09 billion and $1.71, respectively.
Valuation
BOX is currently trading at a forward non-GAAP P/E of 19.29x, which is 26.4% lower than the industry average of 26.21x. Moreover, the stock's forward EV/EBIT multiple stands at 17.40, 21.7% lower than the industry average of 22.22x. This indicates that BOX is undervalued compared to the broader market, offering potential upside for investors looking for growth in the cloud storage space.
Robust Profitability
BOX's trailing-12-month gross profit margin of 78.38% is 54.2% higher than the industry average of 50.83%. Its trailing-12-month levered FCF margin stands at 30.20%, 173.3% higher than the industry average of 11.05%.
Additionally, BOX's trailing-12-month asset turnover ratio of 0.90x outperforms the industry average of 0.61x by 47.2%. Moreover, the company boasts a trailing-12-month net income margin of 13.96%, which is 267.3% above the sector average of 3.80%.
POWR Ratings Reflects Optimism
BOX's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which equates to a Buy in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
BOX holds a B grade for Value, reflecting its discounted valuation metrics compared to the industry average. Additionally, it secures a B grade for Quality, supported by profitability metrics that outperform industry standards.
Within the B-rated <a href="https://stocknews.com/category/technology-services/">Technology - Services</a> industry, BOX is ranked #11 out of 78 stocks. Beyond what is stated above, we have also given BOX grades for Momentum, Growth, Sentiment, and Stability. Get all BOX ratings <a href="https://stocknews.com/stock/BOX/">here</a>.
Bottom Line
BOX is poised for even greater success as cloud services and storage continue to become the standard for organizations worldwide. With its growing customer base and numerous strategic partnerships, the company is well-positioned to capitalize on the increasing demand for cloud solutions.
With high profitability, a valuation lower than the industry average, and robust financials, BOX is attracting positive attention from analysts. Favorable projections further support the company's potential. For investors seeking value and growth in the cloud sector, now may be the ideal time to consider BOX as part of their portfolio.
How Does Box, Inc. (BOX) Stack Up Against Its Peers?
Although BOX's near-term outlook appears sound, it may be worthwhile to explore its industry peers, who also exhibit even stronger POWR Ratings. So, consider these A (Strong Buy) stocks from the Technology - Services industry:
Leidos Holdings, Inc. (<a href="https://stocknews.com/stock/LDOS/">LDOS</a>)
Teradata Corporation (<a href="https://stocknews.com/stock/TDC/">TDC</a>)
Key Tronic Corporation (<a href="https://stocknews.com/stock/KTCC/">KTCC</a>)
To explore more A or B-rated Technology - Services stocks,<a href="https://stocknews.com/category/technology-services/"> click here</a>.
What To Do Next?
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<hr />
BOX shares were unchanged in premarket trading Friday. Year-to-date, BOX has gained 28.93%, versus a 28.78% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/box-ldos-tdc-ktcc-adbe-with-cloud-storage-demand-rising-is-box-a-stock-to/>With Cloud Storage Demand Rising, Is Box a Stock to Watch?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

With Cloud Storage Demand Rising, Is Box a Stock to Watch?

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