NASDAQ:ADBE

Adobe (ADBE) Stock Forecast, Price & News

$432.89

-1.29 (-0.30%)

(As of 06/6/2023 ET)

Compare

Today's Range: $431.25
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$437.12
50-Day Range: $335.45
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$436.37
52-Week Range: $274.73
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$451.15

Volume: 2.34 million shs
Average Volume: 3.08 million shs
Market Capitalization: $198.57 billion

P/E Ratio: 42.65
Dividend Yield: N/A
Price Target: $393.65

Adobe MarketRank™ Forecast

Analyst Rating: Hold
2.41 Rating Score
Upside/Downside: 8.1% Downside
$398.00 Price Target
Short Interest: Healthy
1.30% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.55
Upright™ Environmental Score
News Sentiment: 0.55
Based on 22 Articles This Week
Insider Trading: Selling Shares
$3.06 M Sold Last Quarter
Proj. Earnings Growth: 13.21%
From $12.26 to $13.88 Per Share

Overall MarketRank^™

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

2.29 out of 5 stars

Computer And Technology Sector

178th out of 607 stocks

Prepackaged Software Industry

35th out of 211 stocks

2.2

Analyst's Opinion

Consensus Rating
Adobe has received a consensus rating of Hold. The company's average rating score is 2.41, and is based on 11 buy ratings, 16 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $398.00, Adobe has a forecasted downside of 8.1% from its current price of $432.89.
Amount of Analyst Coverage
Adobe has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.30% 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 1.9, 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 6.86%, 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.

2.5

News and Social Media Coverage

News Sentiment
Adobe has a news sentiment score of 0.55. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 22 news articles for Adobe this week, compared to 15 articles on an average week.
Search Interest
Only 103 people have searched for ADBE on MarketBeat in the last 30 days. This is a decrease of -11% compared to the previous 30 days.
MarketBeat Follows
52 people have added Adobe to their MarketBeat watchlist in the last 30 days. This is an increase of 117% 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 $3,055,314.00 in company stock.
Percentage Held by Insiders
Only 0.24% of the stock of Adobe is held by insiders.
Percentage Held by Institutions
79.36% 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 13.21% in the coming year, from $12.26 to $13.88 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Adobe is 42.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.33.
Price to Earnings Ratio vs. Sector
The P/E ratio of Adobe is 42.65, 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 361.40.
Price to Earnings Growth Ratio
Adobe has a PEG Ratio of 2.66. 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 14.32. 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.

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ADBE Stock News Headlines

June 1, 2023 | marketbeat.com

Is CXApp Inc.an AI Contender or Pretender? (ADBE)

CXApp Inc. (NASDAQ: CXAI) shares have been caught up in the artificial intelligence (AI) mania. On no news, its shares spiked to $21 on April 23, 2023, and have

May 16, 2023 | marketbeat.com

Akamai Technologies Soars on Robust Cybersecurity and Cloud Sales (ADBE)

Cloud services and content delivery network (CDN) operator Akamai Technologies Inc. (NASDAQ: AKAM) had substantial profits driven by record security

June 6, 2023 | Behind the Markets (Ad)

[BREAKING] Pentagon to Spend Billions on "Living Missile"

Air Force Magazine calls it "transformational." The Wall Street Journal calls it one of the Pentagon's "highest priorities." National Defense Magazine reports "Eye-popping budget" for it. This small company won the first contract to build them!

May 12, 2023 | marketbeat.com

Oracle Stock Climbs For Third Month, Still In Buy Range (ADBE)

Oracle, a well-established enterprise software provider, has seen its shares rise for three consecutive months, outperforming newer competitors.

June 6, 2023 | forbes.com

Adobe Reports After The Close On 6/15 -- Options Contracts Expire The Next Day

June 6, 2023 | msn.com

Barclays Maintains Adobe (ADBE) Overweight Recommendation

June 6, 2023 | cnbc.com

Here are Tuesday's biggest analyst calls of the day: Tesla, Apple, FedEx, Adobe, AT&T, Coinbase & more

June 6, 2023 | finance.yahoo.com

These 5 Stocks Are Set To Ride The Apple Vision Pro Headset Wave

June 6, 2023 | Behind the Markets (Ad)

[BREAKING] Pentagon to Spend Billions on "Living Missile"

June 6, 2023 | finance.yahoo.com

AI Stocks: Tech Giants, Cloud Titans, Chipmakers Battle For Supremacy

June 5, 2023 | finance.yahoo.com

Buy This Tech Stock Before Earnings for Big Long-Term Upside?

June 5, 2023 | benzinga.com

$1000 Invested In Adobe 15 Years Ago Would Be Worth This Much Today

June 5, 2023 | finance.yahoo.com

Adobe to Announce Q2 FY2023 Earnings Results & Host Conference Call June 15

June 2, 2023 | realmoney.thestreet.com

Adobe Systems' Charts Are Designing Further Gains

June 2, 2023 | benzinga.com

Looking At Adobe's Recent Unusual Options Activity

June 2, 2023 | markets.businessinsider.com

The Latest Analyst Ratings for Adobe

June 2, 2023 | msn.com

B of A Securities Maintains Adobe (ADBE) Buy Recommendation

June 2, 2023 | americanbankingnews.com

Bank of America Boosts Adobe (NASDAQ:ADBE) Price Target to $480.00

June 2, 2023 | markets.businessinsider.com

Analysts’ Opinions Are Mixed on These Technology Stocks: Adobe (ADBE) and Zscaler (ZS)

June 1, 2023 | finance.yahoo.com

AI Stocks: Will Apple Finally Step Up Amid Artificial Intelligence Battle?

June 1, 2023 | finance.yahoo.com

Investors Heavily Search Adobe Inc. (ADBE): Here is What You Need to Know

May 31, 2023 | ca.finance.yahoo.com

Designed for all creatives: Adobe Creative Cloud offers the latest tools for any artistic pursuit

May 31, 2023 | msn.com

Wells Fargo Maintains Adobe (ADBE) Equal-Weight Recommendation

May 30, 2023 | finance.yahoo.com

Adobe Systems (ADBE) Stock Moves 0.44%: What You Should Know

May 30, 2023 | forbes.com

Generative AI $7 Trillion Ecosystem: Invest In Nvidia, Microsoft, Adobe And More

May 26, 2023 | msn.com

Adobe's new AI Photoshop tool could save photographers hours of editing time by instantly extending images and adding new elements

May 26, 2023 | finance.yahoo.com

Extreme Makeover AI Edition: Testing Four Apps That Distort Reality

See More Headlines

ADBE Price History

30 days | 90 days | 365 days | Advanced Chart

ADBE Company Calendar

Last Earnings: 3/15/2023
Today: 6/06/2023
Next Earnings (Confirmed): 6/15/2023
Fiscal Year End: 11/30/2023

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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: $398.00
High Stock Price Forecast: $485.00
Low Stock Price Forecast: $350.00
Forecasted Upside/Downside: -9.1%
Consensus Rating: Hold
Rating Score (0-4): 2.41
Research Coverage: 27 Analysts

Profitability

EPS (Most Recent Fiscal Year): $10.15
Trailing P/E Ratio: 42.65
Forward P/E Ratio: 35.31
P/E Growth: 2.66
Net Income: $4.76 billion
Net Margins: 26.32%
Pretax Margin: 33.69%
Return on Equity: 36.53%
Return on Assets: 19.35%

Debt

Debt-to-Equity Ratio: 0.26
Current Ratio: 1.12
Quick Ratio: 1.12

Sales & Book Value

Annual Sales: $17.61 billion
Price / Sales: 11.28
Cash Flow: $12.84 per share
Price / Cash Flow: 33.71
Book Value: $30.22 per share
Price / Book: 14.32

Miscellaneous

Outstanding Shares: 458,700,000
Free Float: 457,599,000
Market Cap: $198.57 billion
Optionable: Optionable
Beta: 1.30

Social Links

Key Executives

Shantanu Narayen
Chairman & Chief Executive Officer

Daniel J. Durn
CFO, EVP-Finance, Technology Services & Operations

Cynthia A. Stoddard
Chief Information Officer & Senior Vice President

Dana Rao
Secretary, Chief Trust Officer & Executive VP

Gloria Chen
Chief People Officer & Executive Vice President

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?: 27 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last year. There are currently 16 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities 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.
View ADBE analyst ratings or view top-rated stocks.
What is Adobe's stock price forecast for 2023?: 27 brokerages have issued 1-year target prices for Adobe's stock. Their ADBE share price forecasts range from $350.00 to $485.00. On average, they anticipate the company's share price to reach $398.00 in the next year. This suggests that the stock has a possible downside of 8.1%.
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 at the beginning of 2023. Since then, ADBE stock has increased by 28.6% and is now trading at $432.89.
View the best growth stocks for 2023 here.
When is Adobe's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, June 15th 2023.
View our ADBE earnings forecast.
How can I listen to Adobe's earnings call?: Adobe will be holding an earnings conference call on Thursday, June 15th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.
How were Adobe's earnings last quarter?: Adobe Inc. (NASDAQ:ADBE) announced its earnings results on Wednesday, March, 15th. The software company reported $3.80 EPS for the quarter, beating the consensus estimate of $3.68 by $0.12. The software company earned $4.66 billion during the quarter, compared to the consensus estimate of $4.62 billion. Adobe had a trailing twelve-month return on equity of 36.53% and a net margin of 26.32%. The firm's quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.84 EPS.
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), Grizzle Growth ETF (GRZZ), Fidelity Metaverse ETF (FMET), Monarch Blue Chips Core ETF (MBCC), OneAscent Large Cap Core ETF (OALC) and SmartETFs Advertising & Marketing Technology ETF (MRAD).
What guidance has Adobe issued on next quarter's earnings?: Adobe issued an update on its second quarter 2023 earnings guidance on Wednesday, March, 15th. The company provided 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.

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 BlackRock Inc. (8.06%), State Street Corp (4.06%), FMR LLC (2.33%), Geode Capital Management LLC (2.06%), Bank of New York Mellon Corp (1.51%) and Fisher Asset Management LLC (1.07%). 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.
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 $432.89.
How much money does Adobe make?: Adobe (NASDAQ:ADBE) has a market capitalization of $198.57 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.
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.
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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 6/6/2023 by MarketBeat.com Staff

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