Adobe - ADBE Stock Forecast, Price & News

30 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last year. There are currently 16 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ADBE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ADBE, but not buy additional shares or sell existing shares.
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30 equities research analysts have issued 1-year price objectives for Adobe's stock. Their ADBE share price forecasts range from $350.00 to $605.00. On average, they anticipate the company's stock price to reach $415.70 in the next year. This suggests a possible upside of 16.1% from the stock's current price.
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Adobe's stock was trading at $336.53 at the beginning of the year. Since then, ADBE shares have increased by 6.4% and is now trading at $358.14.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, June 15th 2023.
View our ADBE earnings forecast.

Adobe Inc. (NASDAQ:ADBE) posted its quarterly earnings results on Wednesday, March, 15th. The software company reported $3.80 EPS for the quarter, beating analysts' consensus estimates of $3.68 by $0.12. The software company earned $4.66 billion during the quarter, compared to analysts' expectations of $4.62 billion. Adobe had a trailing twelve-month return on equity of 36.53% and a net margin of 26.32%. Adobe's revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.84 EPS.

ETFs with the largest weight of Adobe (NASDAQ:ADBE) stock in their portfolio include iShares Expanded Tech-Software Sector ETF (IGV), UPHOLDINGS Compound Kings ETF (KNGS), Direxion Daily Software Bull 2X Shares (SWAR), Grizzle Growth ETF (GRZZ), Optimize AI Smart Sentiment Event-Driven ETF (OAIE), Direxion Daily Cloud Computing Bull 2x (CLDL), Monarch Blue Chips Core ETF (MBCC) and Fidelity Metaverse ETF (FMET).

Adobe issued an update on its second quarter 2023 earnings guidance on Wednesday, March, 15th. The company provided earnings per share (EPS) guidance of $3.75-$3.80 for the period, compared to the consensus earnings per share estimate of $3.76. The company issued revenue guidance of $4.75 billion-$4.78 billion, compared to the consensus revenue estimate of $4.76 billion.

989 employees have rated Adobe Chief Executive Officer Shantanu Narayen on Glassdoor.com. Shantanu Narayen has an approval rating of 97% among the company's employees. This puts Shantanu Narayen in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Adobe investors own include NVIDIA (NVDA), Alibaba Group (BABA), Netflix (NFLX), Salesforce (CRM), PayPal (PYPL), Mastercard (MA), Walt Disney (DIS), Tesla (TSLA), Visa (V) and Advanced Micro Devices (AMD).

Adobe trades on the NASDAQ under the ticker symbol "ADBE."

Adobe's stock is owned by a variety of retail and institutional investors. Top institutional investors include Morgan Stanley (2.14%), Geode Capital Management LLC (2.08%), Polen Capital Management LLC (1.37%), Norges Bank (1.14%), Fisher Asset Management LLC (1.11%) and Amundi (1.02%). Insiders that own company stock include Abhay Parasnis, Ann Lewnes, Bryan Lamkin, Dana Rao, Daniel Durn, David A Ricks, Gloria Chen, John E Warnock, John E Warnock, John Francis Murphy, Mark S Garfield, Marshall Kiev, Scott Belsky and Shantanu Narayen.
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Shares of ADBE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ADBE stock can currently be purchased for approximately $358.14.

Adobe (NASDAQ:ADBE) has a market capitalization of $164.24 billion and generates $17.61 billion in revenue each year. The software company earns $4.76 billion in net income (profit) each year or $10.15 on an earnings per share basis.

The company employs 29,239 workers across the globe.

Adobe's mailing address is 345 PARK AVE, SAN JOSE CA, 95110. The official website for the company is www.adobe.com. The software company can be reached via phone at (408) 536-6000, via email at ir@adobe.com, or via fax at 408-537-6000.