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Most-Upgraded StocksMost-Upgraded
NASDAQ:ADBE

Adobe (ADBE) Stock Forecast, Price & News

$511.53
-9.60 (-1.84%)
(As of 10:15 AM ET)
Compare
Today's Range
$511.47
▼
$520.49
50-Day Range
$502.60
▼
$564.88
52-Week Range
$276.60
▼
$570.24
Volume
291,172 shs
Average Volume
3.18 million shs
Market Capitalization
$232.90 billion
P/E Ratio
46.04
Dividend Yield
N/A
Price Target
$594.50
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Adobe MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.68 Rating Score
Upside/​Downside
14.1% Upside
$594.50 Price Target
Short Interest
Healthy
0.96% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.55
Upright™ Environmental Score
News Sentiment
0.82mentions of Adobe in the last 14 days
Based on 38 Articles This Week
Insider Trading
Selling Shares
$1.43 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.

2.75 out of 5 stars

Computer And Technology Sector

93rd out of 605 stocks

Prepackaged Software Industry

22nd out of 208 stocks

See Top Rated MarketRank™ Stocks Here

ADBE stock logo

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

ADBE Stock News Headlines

September 27, 2023 | marketbeat.com
3 Growing Tech Stocks To Put On Your M&A Watchlist (ADBE)
Cisco's purchase of Splunk raises many questions, and one of them is which tech companies will be acquired next; here are three possibilities
September 27, 2023 | marketbeat.com
Big Tech Titans Feel the Chill as AI Stocks Slide (ADBE)
Tech stocks, driven by AI enthusiasm, face a slump as investors demand AI-generated revenue, not just promises. Rising interest rates are adding to tech's woes.
October 3, 2023 | Wall Street Fundamentals (Ad)
The "Plug and Play" Model Putting Online Giants to Shame
While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."
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 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.
October 3, 2023 | Edge On The Street (Ad)
Is Gold Really Boring?
Many investors perceive gold as a "boring" investment. But according to MoneyWeek, that's a good thing. Gold helps investors sleep soundly as it preserves wealth and creates a hedge against inflation. Today, there's a unique way to invest in gold, with real advantages over coins and mining stocks.
October 2, 2023 | finance.yahoo.com
Adobe (ADBE)'s True Worth: A Comprehensive Analysis of Its Market Value
October 2, 2023 | finance.yahoo.com
The AI Hype Might Be Real for Adobe, But Is the Stock a Buy?
October 2, 2023 | nasdaq.com
This Option Trade on Adobe Stock Has a Profit Zone Between $480 and $540
October 2, 2023 | americanbankingnews.com
Zacks Research Analysts Increase Earnings Estimates for Adobe Inc. (NASDAQ:ADBE)
October 1, 2023 | cnbc.com
Top Wall Street analysts pick these five stocks for compelling returns
October 1, 2023 | americanbankingnews.com
Adobe (NASDAQ:ADBE) Coverage Initiated at HSBC
September 30, 2023 | finance.yahoo.com
Investors Should Be Encouraged By Adobe's (NASDAQ:ADBE) Returns On Capital
September 30, 2023 | finance.yahoo.com
Up 52% This Year, Is Adobe Stock Still a Good Buy?
September 30, 2023 | seekingalpha.com
Adobe: Why I Am Still Positive On The Company
September 29, 2023 | markets.businessinsider.com
27 Analysts Have This to Say About Adobe
September 29, 2023 | msn.com
Adobe launches Photoshop Web Version; Check out the exciting AI features
September 28, 2023 | techcrunch.com
Adobe launches Photoshop’s web version with Firefly-powered AI tools
September 28, 2023 | yahoo.com
Adobe's 'Photoshop on the web' service is now available to all Creative Cloud subscribers
September 28, 2023 | news.yahoo.com
Adobe launches Photoshop's web version with Firefly-powered AI tools
September 28, 2023 | msn.com
Adobe’s Photoshop on the web launch includes its popular desktop AI tools
September 27, 2023 | cnet.com
Adobe Launches Photoshop For Web With AI Tools
September 27, 2023 | reuters.com
Adobe hit with $33.8 mln patent verdict over digital licensing technology
September 27, 2023 | msn.com
Adobe’s full Photoshop on the web launch includes its popular desktop AI tools
See More Headlines
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ADBE Company Calendar

Last Earnings
9/14/2023
Today
10/03/2023
Fiscal Year End
11/30/2023
Next Earnings (Estimated)
12/21/2023
Get Stock Alerts

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
$594.50
High Stock Price Forecast
$660.00
Low Stock Price Forecast
$350.00
Forecasted Upside/Downside
+14.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.68
Research Coverage
25 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$11.11
Trailing P/E Ratio
46.91
Forward P/E Ratio
40.71
P/E Growth
2.94
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
1.25

Sales & Book Value

Annual Sales
$17.61 billion
Price / Sales
13.48
Cash Flow
$13.23 per share
Price / Cash Flow
39.39
Book Value
$30.22 per share
Price / Book
17.24

Miscellaneous

Outstanding Shares
455,300,000
Free Float
454,207,000
Market Cap
$237.27 billion
Optionable
Optionable
Beta
1.34

Social Links

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Get This Free Report

Key Executives

  • Mr. Shantanu NarayenMr. Shantanu Narayen (Age 59)
    Chairman & CEO
    Comp: $4.44M
  • Mr. Daniel J. DurnMr. 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. BelskyMr. 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 RaoMr. Dana Rao (Age 53)
    Exec. VP, Gen. Counsel, Chief Trust Officer & Corp. Sec.
  • Ms. Gloria ChenMs. 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?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last twelve months. There are currently 8 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street 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?

25 Wall Street research analysts have issued 12-month price objectives for Adobe's shares. Their ADBE share price forecasts range from $350.00 to $660.00. On average, they anticipate the company's stock price to reach $594.50 in the next year. This suggests a possible upside of 14.1% 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 54.9% and is now trading at $521.13.
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, December 21st 2023.
View our ADBE earnings forecast.

How were Adobe's earnings last quarter?

Adobe Inc. (NASDAQ:ADBE) announced its earnings results on Thursday, September, 14th. The software company reported $4.09 earnings per share for the quarter, topping the consensus estimate of $3.98 by $0.11. The software company earned $4.89 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.63 earnings per share.
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), Tidal Trust II - 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 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 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 shareholders include Park National Corp OH (0.00%). 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.
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 $521.13.

How much money does Adobe make?

Adobe (NASDAQ:ADBE) has a market capitalization of $237.27 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 10/3/2023 by MarketBeat.com Staff

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