NASDAQ:ADBE

Adobe (ADBE) Stock Forecast, Price & News

$512.90

-0.98 (-0.19%)

(As of 09/22/2023 ET)

Compare

Today's Range: $508.83
▼
$518.15
50-Day Range: $508.13
▼
$564.88
52-Week Range: $274.73
▼
$570.24

Volume: 2.70 million shs
Average Volume: 2.94 million shs
Market Capitalization: $233.78 billion

P/E Ratio: 46.17
Dividend Yield: N/A
Price Target: $597.52

Adobe MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.71 Rating Score
Upside/Downside: 16.5% Upside
$597.52 Price Target
Short Interest: Healthy
0.94% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.55
Upright™ Environmental Score
News Sentiment: 0.46
Based on 45 Articles This Week
Insider Trading: Selling Shares
$4.13 M Sold Last Quarter
Proj. Earnings Growth: 11.17%
From $12.80 to $14.23 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.68 out of 5 stars

Computer And Technology Sector

118th out of 577 stocks

Prepackaged Software Industry

25th out of 201 stocks

3.4

Analyst's Opinion

Consensus Rating
Adobe has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 17 buy ratings, 7 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $597.52, Adobe has a forecasted upside of 16.5% from its current price of $512.90.
Amount of Analyst Coverage
Adobe has been the subject of 19 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
0.94% of the float of Adobe has been sold short.
Short Interest Ratio / Days to Cover
Adobe has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Adobe has recently increased by 6.25%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Adobe does not currently pay a dividend.
Dividend Growth
Adobe does not have a long track record of dividend growth.

3.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Adobe has received a 34.38% net impact score from Upright. Adobe seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Jobs". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Collaboration software", "Integrated development environments", and "Photograph editing software" products. See details.
Environmental Sustainability
The Environmental Impact score for Adobe is -0.55.

3.0

News and Social Media Coverage

News Sentiment
Adobe has a news sentiment score of 0.46. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 45 news articles for Adobe this week, compared to 22 articles on an average week.
Search Interest
175 people have searched for ADBE on MarketBeat in the last 30 days. This is an increase of 43% compared to the previous 30 days.
MarketBeat Follows
91 people have added Adobe to their MarketBeat watchlist in the last 30 days. This is an increase of 194% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Adobe insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,127,585.00 in company stock.
Percentage Held by Insiders
Only 0.24% of the stock of Adobe is held by insiders.
Percentage Held by Institutions
80.00% of the stock of Adobe is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Adobe are expected to grow by 11.17% in the coming year, from $12.80 to $14.23 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Adobe is 46.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.21.
Price to Earnings Ratio vs. Sector
The P/E ratio of Adobe is 46.17, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 263.52.
Price to Earnings Growth Ratio
Adobe has a PEG Ratio of 2.97. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Adobe has a P/B Ratio of 14.82. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Adobe (NASDAQ:ADBE) Stock

Adobe Inc. is a leading global software company specializing in creating, publishing and distributing digital content, including graphics, illustration, photography, multimedia/video, animation, motion pictures and print. Founded in December 1982 by John Warnock and Charles Geschke, Adobe has become one of the world's largest and most influential software companies. Headquartered in San Jose, California, the company employs more than 26,000 people across the globe.

Adobe's products include Adobe Acrobat Reader and the Portable Document Format (PDF), Adobe Photoshop image editing software, Adobe Illustrator vector-based illustration software and a range of tools primarily for audio-visual content creation, editing and publishing. Its Creative Cloud subscription service allows members to access the latest versions of its innovative products.

At the same time, its digital experience segment provides solutions and services for digital advertising, marketing, analytics, social marketing, targeting, media optimization, digital experience management and cross-channel campaign management. Adobe also offers legacy products and services for eLearning solutions, technical document publishing, web application development and high-end printing.

Adobe's commitment to innovation has earned it numerous recognitions and awards, including being named one of the "100 Best Companies to Work for" by Fortune since 2000, one of the "Best Places to Work" by Glassdoor and one of Fast Company's "Brands that Matter." The company has also been featured in Maclean's magazine as one of Canada's Top 100 Employers and received a five-star rating from the Electronic Frontier Foundation concerning its handling of government data requests in 2017.

Adobe has also been the subject of criticism. Consumers have been critical of its pricing practices, with retail prices increasing to twice as much in non-U.S. countries. Its Reader and Flash programs list as some of the most-hated programs of all time, and hackers have exploited vulnerabilities in Adobe programs to gain unauthorized computer access. Consumers also criticize Adobe for pushing unwanted software and handling government data requests.

However, Adobe has continued to push the boundaries and innovate with acquisitions such as Magento Commerce, Marketo, Allegorithmic, Workfront, Frame.io and Figma. In addition, the company has added payment services to its e-commerce platform and imposed a ban on the political ads features on its digital advert sales platform as the United States presidential elections approached in 2020. With its dedication to helping customers create compelling content and experiences, Adobe will remain a key player in the software industry for the foreseeable future.

ADBE Price History

30 days | 90 days | 365 days | Advanced Chart

ADBE Stock News Headlines

September 15, 2023 | marketbeat.com

Build a Solid Gold Retirement With AI Powerhouse Adobe

Adobe is a serious player in the push for AI dominance and positioned to benefit from AI creative services as well as leveraging its LLMs to train other models.

September 13, 2023 | marketbeat.com

3 Hot Software Stocks Breaking Out to New Highs (ADBE)

In a year where the S&P North America Technology Software Index is up more than 40% year-to-date, these three software stocks are climbing to new highs.

September 23, 2023 | Chaikin Analytics (Ad)

Buy This Stock for AI Tidal Wave (not NVDA)

The internet boom made more millionaires than any tech - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.

September 9, 2023 | marketbeat.com

MarketBeat Week in Review – 9/4 - 9/8 (ADBE)

This market continues to be filled with contradictions, but the MarketBeat team is here to help you find the opportunities that continue to exist

September 8, 2023 | marketbeat.com

AI 2.0 is Here: How to Invest in a Generational Opportunity (ADBE)

AI is sweeping the world but don't confuse apples with oranges; here's a look at the top 5 advancements in AI and who is using it.

September 6, 2023 | marketbeat.com

These 5 Dividend Aristocrats are Quality Stocks for AI Investing (ADBE)

Dividend investors have no fear! There is ample exposure to AI among the Dividend Aristocrats - a group well known for dividend reliability.

August 31, 2023 | marketbeat.com

This is How Salesforce.com Gets Back to its All-Time High (ADBE)

Salesforce.com revealed another solid quarter, and the shares are moving higher because of it. A move to the all-time high is coming, the question is how long.

August 30, 2023 | marketbeat.com

7 Best AI Mutual Funds (and ETFs) to Sweep the AI Craze (ADBE)

What are the best AI mutual funds, as AI continues to influence many sectors? Learn more about the best AI mutual funds to buy now with MarketBeat.

September 23, 2023 | Altimetry (Ad)

Advisor to FBI: Sell META now

Stocks just keep going up. But all isn’t what it seems, according to an FBI and Pentagon advisor. Find out what he knows, here.

August 29, 2023 | marketbeat.com

The 5 Most Upgraded Stocks From Q2 Earnings Reporting Season (ADBE)

The analysts have spoken! These are the most upgraded stocks from the Q2 earnings reporting season and have double-digit upside potential.

August 28, 2023 | marketbeat.com

How Adobe's Copyright Protection Will Make it an AI Leader

Artificial intelligence is raising issues about copyright protection and Adobe is taking a leadership position in developing industry standards around the issue

August 25, 2023 | marketbeat.com

3 Low-Cost Equity ETFs With High Dividends (ADBE)

Some high yield ETFs offer more moderate fees that let investors hang on to more of their cash handouts and capital gains. These 3 funds are among the best.

September 22, 2023 | msn.com

Adobe - Ding Ding: A.I. Monetization Is Here

September 22, 2023 | americanbankingnews.com

Adobe Inc. (NASDAQ:ADBE) Given Consensus Recommendation of "Moderate Buy" by Analysts

September 21, 2023 | finance.yahoo.com

A pair of misinformation experts warned about how AI could impact the 2024 election

September 21, 2023 | stocknews.com

Adobe Inc. (ADBE) and 2 Other Top Notch Software Stocks to Buy

September 21, 2023 | seekingalpha.com

Adobe Inc. (ADBE) Bank of America Merrill Lynch Conference (Transcript)

September 20, 2023 | onmsft.com

Microsoft and Adobe join forces to drive savings and propel business benefits

September 20, 2023 | americanbankingnews.com

Adobe (NASDAQ:ADBE) Given New $611.00 Price Target at Argus

September 20, 2023 | msn.com

Hispanic Heritage Month to be celebrated at Pena Adobe Park

September 19, 2023 | msn.com

Watch out Adobe, Microsoft Paint is about to add some of Photoshop's best features

September 19, 2023 | msn.com

Adobe (ADBE) Boosts Generative AI Offerings With Firefly

September 19, 2023 | americanbankingnews.com

Adobe Inc. (NASDAQ:ADBE) Short Interest Up 6.3% in August

September 18, 2023 | msn.com

Despite record revenues, Adobe raises its prices again

September 18, 2023 | finance.yahoo.com

Stock Market News for Sep 18, 2023

September 18, 2023 | finance.yahoo.com

Klaviyo Raises Its Expected IPO Price Range. The Stock Starts Trading Wednesday.

September 18, 2023 | seekingalpha.com

Adobe's Q3 Earnings: Early Innings Of The AI Gold Rush

See More Headlines

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ADBE Company Calendar

Last Earnings: 9/14/2023
Today: 9/23/2023
Fiscal Year End: 11/30/2023
Next Earnings (Estimated): 12/21/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: Application Software
Sector: Computer and Technology
Current Symbol: NASDAQ:ADBE
CUSIP: 00724F10
CIK: 796343
Web: www.adobe.com
Phone: (408) 536-6000
Fax: 408-537-6000
Employees: 29,239
Year Founded: 1982

Price Target and Rating

Average Stock Price Forecast: $597.52
High Stock Price Forecast: $660.00
Low Stock Price Forecast: $350.00
Forecasted Upside/Downside: +16.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.71
Research Coverage: 24 Analysts

Profitability

EPS (Most Recent Fiscal Year): $11.11
Trailing P/E Ratio: 46.17
Forward P/E Ratio: 40.07
P/E Growth: 2.97
Net Income: $4.76 billion
Net Margins: 27.11%
Pretax Margin: 34.46%
Return on Equity: 37.73%
Return on Assets: 20.05%

Debt

Debt-to-Equity Ratio: 0.23
Current Ratio: 1.25
Quick Ratio: 1.16

Sales & Book Value

Annual Sales: $17.61 billion
Price / Sales: 13.28
Cash Flow: $12.92 per share
Price / Cash Flow: 39.69
Book Value: $34.61 per share
Price / Book: 14.82

Miscellaneous

Outstanding Shares: 455,800,000
Free Float: 454,706,000
Market Cap: $233.78 billion
Optionable: Optionable
Beta: 1.33

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Key Executives

Mr. Shantanu Narayen (Age 59)
Chairman & CEO
Comp: $4.44M

Mr. Daniel J. Durn (Age 57)
CFO and Exec. VP of Fin., Technology Services & Operations
Comp: $4.79M

Mr. David Wadhwani (Age 51)
Pres of Digital Media Bus.
Comp: $3.15M

Mr. Scott K. Belsky (Age 43)
Chief Strategy Officer and Exec. VP of Design & Emerging Products
Comp: $1.36M

Dr. Anil S. Chakravarthy (Age 55)
Pres of Digital Experience Bus.
Comp: $1.48M

Mr. Mark S. Garfield (Age 52)
Sr. VP, Chief Accounting Officer & Corp. Controller

Ms. Cynthia A. Stoddard (Age 66)
Sr. VP & Chief Information Officer

Mr. Jonathan Vaas
VP of Investor Relations

Mr. Dana Rao (Age 53)
Exec. VP, Gen. Counsel, Chief Trust Officer & Corp. Sec.

Ms. Gloria Chen (Age 58)
Chief People Officer & Exec. VP of Employee Experience

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ADBE Stock - Frequently Asked Questions

Should I buy or sell Adobe stock right now?: 24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last twelve months. There are currently 7 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ADBE shares.
View ADBE analyst ratings or view top-rated stocks.
What is Adobe's stock price forecast for 2023?: 24 Wall Street research analysts have issued twelve-month price targets for Adobe's shares. Their ADBE share price forecasts range from $350.00 to $660.00. On average, they expect the company's share price to reach $597.52 in the next twelve months. This suggests a possible upside of 16.5% from the stock's current price.
View analysts price targets for ADBE or view top-rated stocks among Wall Street analysts.
How have ADBE shares performed in 2023?: Adobe's stock was trading at $336.53 on January 1st, 2023. Since then, ADBE shares have increased by 52.4% and is now trading at $512.90.
View the best growth stocks for 2023 here.
Are investors shorting Adobe?: Adobe saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 4,250,000 shares, an increase of 6.3% from the August 15th total of 4,000,000 shares. Based on an average daily trading volume, of 3,270,000 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.9% of the shares of the stock are sold short.
View Adobe's Short Interest.
When is Adobe's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, December 21st 2023.
View our ADBE earnings forecast.
How were Adobe's earnings last quarter?: Adobe Inc. (NASDAQ:ADBE) released its earnings results on Thursday, September, 14th. The software company reported $4.09 earnings per share for the quarter, beating 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%. The firm's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.63 EPS.
Read the conference call transcript.
What ETFs hold Adobe's stock?: 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), Upholdings Compound Kings 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).
What guidance has Adobe issued on next quarter's earnings?: Adobe updated 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 EPS 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.

What is Shantanu Narayen's approval rating as Adobe's CEO?: 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.
What other stocks do shareholders of Adobe own?: 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).
What is Adobe's stock symbol?: Adobe trades on the NASDAQ under the ticker symbol "ADBE."
Who are Adobe's major shareholders?: Adobe's stock is owned by a variety of retail and institutional investors. Top institutional investors include Bank Julius Baer & Co. Ltd Zurich (107.79%), BlackRock Inc. (8.03%), State Street Corp (4.14%), Geode Capital Management LLC (2.14%), Bank of New York Mellon Corp (1.48%) and Northern Trust Corp (1.13%). 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.
View institutional ownership trends.
How do I buy shares of Adobe?: 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.
Compare Top Brokerages Here.
What is Adobe's stock price today?: One share of ADBE stock can currently be purchased for approximately $512.90.
How much money does Adobe make?: Adobe (NASDAQ:ADBE) has a market capitalization of $233.78 billion and generates $17.61 billion in revenue each year. The software company earns $4.76 billion in net income (profit) each year or $11.11 on an earnings per share basis.
How many employees does Adobe have?: The company employs 29,239 workers across the globe.
Does Adobe have any subsidiaries?: The following companies are subsidiares of Adobe: X.commerce Inc., Accelio Corporation, Adobe Assets LLC, Adobe Canada Services Corporation, Adobe Colombia SAS, Adobe Commerce, Adobe Development ARM LLC, Adobe KK, Adobe Labs Inc., Adobe Research (Schweiz) AG, Adobe Software (Shanghai) Company Limited, Adobe Software Trading Company Limited, Adobe Systems (Schweiz) GmbH, Adobe Systems Belgium BV, Adobe Systems Benelux B.V., Adobe Systems Brasil Limitada, Adobe Systems Canada Inc., Adobe Systems Danmark ApS, Adobe Systems Engineering GmbH, Adobe Systems Europe Limited., Adobe Systems Federal LLC, Adobe Systems France SAS, Adobe Systems GmbH, Adobe Systems Hong Kong Limited, Adobe Systems Iberica SL, Adobe Systems India Private Limited, Adobe Systems Israel Ltd., Adobe Systems Italia SRL, Adobe Systems Korea Ltd., Adobe Systems New Zealand Limited., Adobe Systems Nordic AB, Adobe Systems Norge AS, Adobe Systems Pte. Ltd., Adobe Systems Pty Ltd., Adobe Systems Romania SRL, Adobe Systems Software (Beijing) Co. Ltd., Adobe Systems Software Chile Limitada, Adobe Systems Software Ireland Limited, Adobe Systems South Africa Proprietary Limited, Adobe Systems s.r.o., Adobe Technologies International S.L., Aldus Corp, Allegorithmic, Allegorithmic SAS, Amicima, Antepo, Ares Software, Auditude, Aviary, Behance, BluePoint Technologies, Business Catalyst, Business Catalyst Systems Pty Ltd., ContentCal, Day Software, Demdex, DigiDox, Digital Analytix, Efficient Frontier, Emerald City Software, Fotiva, Fotolia, Fotolia Dutch Holding LLC, Fotolia LLC, Fotolia Netherlands Cooperatief U.A., Frame Technology, Frame.io, Frame.io Inc., GoLive Systems, GoodBarry, HyWay Ferranti, ICS “Adobe Systems” S.R.L., IRIDAS, Ideacodes, InterAKT, KyleBrush.com, LLC "X.Commerce Development Center", Livefyre, Macromedia, Magento Commerce Design, Magento Commerce International Limited, MagentoTech Inc., MagentoTech LLC, Marketo, Marketo Canada Corporation, Marketo EMEA Limited, Marketo Inc., Marketo Solutions Ltd., Milestone Holdco LLC, Milestone Intermediate Holdings Inc., Milestone Topco Inc., Mixamo, Navisware, Neolane, Nitobi Software, OCR Systems, OKYZ, Oculus Medium, Omniture, Photoshop, Pixmantec, Q-Link Technologies, Sandcastle, Sayspring, Scene7, Serious Magic, Syntrillium Software, ToutApp Inc., Trade and Technologies France, TubeMogul, TubeMogul Inc., Typekit, Uru, Virtual Ubiquity, Workfront, Workfront Inc., Workfront Ltd, YaWah, and eSign Services.
Read More
How can I contact Adobe?: 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.

This page (NASDAQ:ADBE) was last updated on 9/23/2023 by MarketBeat.com Staff

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