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Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
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S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Laser breakthrough could send stock soaring 2,467% (Ad)
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
Laser breakthrough could send stock soaring 2,467% (Ad)
How major US stock indexes fared Friday, 9/29/2023
MarketBeat Week in Review – 9/25 - 9/29
30 Days of MarketBeat All Access Free (Ad)
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Closing prices for crude oil, gold and other commodities
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Laser breakthrough could send stock soaring 2,467% (Ad)
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
Laser breakthrough could send stock soaring 2,467% (Ad)
How major US stock indexes fared Friday, 9/29/2023
MarketBeat Week in Review – 9/25 - 9/29
30 Days of MarketBeat All Access Free (Ad)
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Closing prices for crude oil, gold and other commodities
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Laser breakthrough could send stock soaring 2,467% (Ad)
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
Laser breakthrough could send stock soaring 2,467% (Ad)
How major US stock indexes fared Friday, 9/29/2023
MarketBeat Week in Review – 9/25 - 9/29
30 Days of MarketBeat All Access Free (Ad)
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Closing prices for crude oil, gold and other commodities
Most-Upgraded StocksMost-Upgraded
NASDAQ:ADBE

Adobe (ADBE) Stock Forecast, Price & News

$509.90
+5.23 (+1.04%)
(As of 09/29/2023 ET)
Compare
Today's Range
$505.44
▼
$518.58
50-Day Range
$502.60
▼
$564.88
52-Week Range
$274.85
▼
$570.24
Volume
2.80 million shs
Average Volume
3.01 million shs
Market Capitalization
$232.16 billion
P/E Ratio
45.90
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
16.6% 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
0.76mentions of Adobe in the last 14 days
Based on 36 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

92nd out of 604 stocks

Prepackaged Software Industry

22nd out of 209 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.
September 30, 2023 | Altimetry (Ad)
DOD Consultant's big 2024 prediction looks to be coming true
Earlier this year, a Department of Defense (DOD) consultant went public with a big prediction…About how a surprising 2024 event would dramatically affect you and your money. The most recent figures (published June 9th 2023) indicate he’s very likely to be right. Get the facts—learn how to prepare. Full analysis available free of charge here…
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.
September 30, 2023 | Behind the Markets (Ad)
"Chilling War Games Show US Forces Crushed" – FOX NEWS
=== BREAKING === "Chilling War Games Show US Forces Crushed" - FOX NEWS After losing to China in repeated war games, U.S. military to spend billions on new "living missile" for armed forces. Investors stand to reap 35,960% on shares of small defense contractor that makes powerful new weapon. Get the name of the stock here >>>
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 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 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
September 27, 2023 | finance.yahoo.com
Amazon (AMZN) Boosts Generative AI Efforts With Anthropic Deal
September 27, 2023 | bloomberg.com
EU Demands Missing Details on Adobe’s $20 Billion Figma Deal
September 26, 2023 | msn.com
EU regulators put Adobe, Figma deal investigation on hold for more information
September 26, 2023 | forbes.com
Adobe Is Increasing Support For Racial And Social Justice
September 26, 2023 | msn.com
Adobe: Jumping On The AI Bandwagon
See More Headlines
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ADBE Company Calendar

Last Earnings
9/14/2023
Today
9/30/2023
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
+17.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
25 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$11.11
Trailing P/E Ratio
45.90
Forward P/E Ratio
39.84
P/E Growth
2.9
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
$18.89 billion
Price / Sales
12.31
Cash Flow
$13.13 per share
Price / Cash Flow
38.82
Book Value
$34.61 per share
Price / Book
14.73

Miscellaneous

Outstanding Shares
455,800,000
Free Float
454,706,000
Market Cap
$232.41 billion
Optionable
Optionable
Beta
1.33

Social Links

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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 equities research analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last year. There are currently 8 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?

25 equities research analysts have issued 1 year target prices for Adobe's stock. Their ADBE share price forecasts range from $350.00 to $660.00. On average, they predict the company's stock price to reach $594.50 in the next twelve months. This suggests a possible upside of 16.6% 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 at the beginning of the year. Since then, ADBE stock has increased by 51.5% and is now trading at $509.90.
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) issued its quarterly earnings data on Thursday, September, 14th. The software company reported $4.09 EPS for the quarter, beating the consensus estimate of $3.98 by $0.11. The software company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.87 billion. Adobe had a net margin of 27.11% and a trailing twelve-month return on equity of 37.73%. The company's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm 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), 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."

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 $509.90.

How much money does Adobe make?

Adobe (NASDAQ:ADBE) has a market capitalization of $232.41 billion and generates $18.89 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 9/30/2023 by MarketBeat.com Staff

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