Adobe Stock Price, News & Analysis (NASDAQ:ADBE)

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last twelve months. There are currently 7 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ADBE shares.
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26 brokerages have issued 12-month price objectives for Adobe's shares. Their ADBE share price targets range from $350.00 to $670.00. On average, they predict the company's share price to reach $603.22 in the next twelve months. This suggests that the stock has a possible downside of 1.5%.
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Adobe's stock was trading at $336.53 at the beginning of 2023. Since then, ADBE stock has increased by 82.0% and is now trading at $612.47.
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Adobe saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 5,260,000 shares, an increase of 30.2% from the October 31st total of 4,040,000 shares. Based on an average trading volume of 2,690,000 shares, the short-interest ratio is currently 2.0 days. Currently, 1.2% of the shares of the company are sold short.
View Adobe's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 13th 2023.
View our ADBE earnings forecast.

Adobe will be holding an earnings conference call on Wednesday, December 13th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Adobe Inc. (NASDAQ:ADBE) posted its quarterly earnings data on Thursday, September, 14th. The software company reported $4.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.98 by $0.11. The software company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.87 billion. Adobe had a trailing twelve-month return on equity of 37.73% and a net margin of 27.11%. Adobe's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the firm earned $2.63 earnings per share.
Read the conference call transcript.

ETFs with the largest weight of Adobe (NASDAQ:ADBE) stock in their portfolio include iShares Expanded Tech-Software Sector ETF (IGV), Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares (SWAR), Roundhill S&P Dividend Monarchs ETF (KNGS), SmartETFs Advertising & Marketing Technology ETF (MRAD), Roundhill Generative AI & Technology ETF (CHAT), ETC 6 Meridian Quality Growth ETF (SXQG), Fidelity Metaverse ETF (FMET) and First Trust Expanded Technology ETF (XPND).

Adobe issued an update on its fourth quarter 2023 earnings guidance on Thursday, September, 14th. The company provided earnings per share (EPS) guidance of $4.10-$4.15 for the period, compared to the consensus estimate of $4.06. The company issued revenue guidance of $4.97 billion-$5.03 billion, compared to the consensus revenue estimate of $5.00 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's stock is owned by a variety of institutional and retail investors. Top institutional investors include Morgan Stanley (2.28%), FMR LLC (2.19%), Bank of New York Mellon Corp (1.45%), Primecap Management Co. CA (1.33%), Northern Trust Corp (1.18%) and Jennison Associates LLC (1.00%). Insiders that own company stock include Abhay Parasnis, Amy Banse, 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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