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S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
15 best consumer discretionary stocks for the rest of 2023
All the trading advice you’ve ever received boils down to this (Ad)
Closing prices for crude oil, gold and other commodities
Chick-fil-A Is Hiring an 'Entertainment Producer'
All the trading advice you’ve ever received boils down to this (Ad)
Dell, Marvell Technology fall; Ulta Beauty, UiPath rise, Friday, 12/1/2023
MarketBeat Week in Review – 11/27 - 12/1
All the trading advice you’ve ever received boils down to this (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
15 best consumer discretionary stocks for the rest of 2023
All the trading advice you’ve ever received boils down to this (Ad)
Closing prices for crude oil, gold and other commodities
Chick-fil-A Is Hiring an 'Entertainment Producer'
All the trading advice you’ve ever received boils down to this (Ad)
Dell, Marvell Technology fall; Ulta Beauty, UiPath rise, Friday, 12/1/2023
MarketBeat Week in Review – 11/27 - 12/1
All the trading advice you’ve ever received boils down to this (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
15 best consumer discretionary stocks for the rest of 2023
All the trading advice you’ve ever received boils down to this (Ad)
Closing prices for crude oil, gold and other commodities
Chick-fil-A Is Hiring an 'Entertainment Producer'
All the trading advice you’ve ever received boils down to this (Ad)
Dell, Marvell Technology fall; Ulta Beauty, UiPath rise, Friday, 12/1/2023
MarketBeat Week in Review – 11/27 - 12/1
All the trading advice you’ve ever received boils down to this (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections

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

$612.47
+1.46 (+0.24%)
(As of 12/1/2023 ET)
Compare
Today's Range
$603.18
$615.20
50-Day Range
$502.60
$623.32
52-Week Range
$318.60
$628.60
Volume
2.49 million shs
Average Volume
2.38 million shs
Market Capitalization
$278.86 billion
P/E Ratio
55.13
Dividend Yield
N/A
Price Target
$603.22

Adobe MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
1.5% Downside
$603.22 Price Target
Short Interest
Healthy
1.16% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.55
Upright™ Environmental Score
News Sentiment
0.33mentions of Adobe in the last 14 days
Based on 54 Articles This Week
Insider Trading
Selling Shares
$1.34 M Sold Last Quarter
Proj. Earnings Growth
11.40%
From $12.81 to $14.27 Per Share

Overall MarketRank

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

2.32 out of 5 stars

Computer And Technology Sector

199th out of 596 stocks

Prepackaged Software Industry

59th out of 205 stocks


ADBE stock logo

About Adobe Stock (NASDAQ:ADBE)

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 Stock Price History

ADBE Stock News Headlines

Salesforce or Abobe? The choice is undeniably clear (ADBE)
As the markets get drunk on their excitement over technology stocks, a few cracks begin to show, play this arbitrage deal on Salesforce against Adobe
AI revolution: 3 stocks set to soar as technology evolves (ADBE)
As AI stocks surge, Accenture expects investment in AI, creating opportunities for market leaders. Cognizant, Snowflake and Salesforce are undervalued AI names.
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
The most upgraded stocks in November have two things in common (ADBE)
Marketbeat's most upgraded Stocks list is a who's who of tech names able to monetize AI today; they all report earnings soon and may catalyze their markets.
New Disney investor propels stock to ranks of best S&P gainers (ADBE)
Disney stock gains on cost-cutting and Disney+ growth. ValueAct Capital's stake boosts expectations for business changes, adding momentum to Disney's rise.
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Adobe Inc. (NASDAQ:ADBE) Sees Large Growth in Short Interest
Axcelis (ACLS) Jumps 58.4% YTD: Will the Uptrend Continue?
Adobe: It's Time To Trim (Rating Downgrade)
Better Artificial Intelligence (AI) Stock: C3.ai vs. Adobe
Adobe: A Hard To Justify Margin Opportunity
See More Headlines
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Company Calendar

Last Earnings
9/14/2023
Today
12/02/2023
Next Earnings (Confirmed)
12/13/2023
Fiscal Year End
11/30/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Application Software
Current Symbol
NASDAQ:ADBE
CUSIP
00724F10
Employees
29,239
Year Founded
1982

Price Target and Rating

Average Stock Price Target
$603.22
High Stock Price Target
$670.00
Low Stock Price Target
$350.00
Potential Upside/Downside
-1.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
26 Analysts

Profitability

Net Income
$4.76 billion
Pretax Margin
34.46%

Debt

Sales & Book Value

Annual Sales
$17.61 billion
Cash Flow
$12.98 per share
Book Value
$30.22 per share

Miscellaneous

Free Float
454,207,000
Market Cap
$278.86 billion
Optionable
Optionable
Beta
1.34

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ADBE Stock Analysis - Frequently Asked Questions

Should I buy or sell Adobe stock right now?

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.
View ADBE analyst ratings
or view top-rated stocks.

What is Adobe's stock price target for 2024?

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%.
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 82.0% and is now trading at $612.47.
View the best growth stocks for 2023 here
.

Are investors shorting Adobe?

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
.

When is Adobe's next earnings date?

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

How can I listen to Adobe's earnings call?

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.

How were Adobe's earnings last quarter?

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
.

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 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).

Who are Adobe's major shareholders?

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.
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.

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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This page (NASDAQ:ADBE) was last updated on 12/2/2023 by MarketBeat.com Staff

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