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Most-Upgraded StocksMost-Upgraded
NASDAQ:ADBE

Adobe (ADBE) Stock Forecast, Price & News

$512.63
-0.27 (-0.05%)
(As of 09:50 AM ET)
Compare
Today's Range
$507.77
▼
$514.24
50-Day Range
$508.13
▼
$564.88
52-Week Range
$274.73
▼
$570.24
Volume
154,461 shs
Average Volume
3.20 million shs
Market Capitalization
$233.66 billion
P/E Ratio
46.14
Dividend Yield
N/A
Price Target
$597.52
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Adobe MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
16.8% 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
0.49mentions of Adobe in the last 14 days
Based on 30 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.

2.69 out of 5 stars

Computer And Technology Sector

115th out of 584 stocks

Prepackaged Software Industry

25th out of 204 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 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 25, 2023 | Edge On The Street (Ad)
An Unusual Way to Invest in Gold
Most financial experts recommend including gold in your investment mix to protect against rising prices and keep wealth secure. Investors are discovering a little-known way to benefit from gold, which offers the chance to gain from higher gold prices and mining successes while avoiding the costs of operating mines.
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 25, 2023 | Edge On The Street (Ad)
An Unusual Way to Invest in Gold
Most financial experts recommend including gold in your investment mix to protect against rising prices and keep wealth secure. Investors are discovering a little-known way to benefit from gold, which offers the chance to gain from higher gold prices and mining successes while avoiding the costs of operating mines.
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 25, 2023 | forbes.com
Adobe Stock Is Trading Below Its Fair Value
September 24, 2023 | finance.yahoo.com
Adobe Insiders Sell US$37m Of Stock, Possibly Signalling Caution
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
See More Headlines
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ADBE Company Calendar

Last Earnings
9/14/2023
Today
9/25/2023
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
$597.52
High Stock Price Forecast
$660.00
Low Stock Price Forecast
$350.00
Forecasted Upside/Downside
+17.6%
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
45.72
Forward P/E Ratio
39.69
P/E Growth
2.96
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
13.15
Cash Flow
$12.82 per share
Price / Cash Flow
39.62
Book Value
$30.22 per share
Price / Book
16.81

Miscellaneous

Outstanding Shares
455,800,000
Free Float
454,706,000
Market Cap
$231.54 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?

24 Wall Street 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 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 1 year target prices for Adobe's shares. Their ADBE share price forecasts range from $350.00 to $660.00. On average, they predict the company's stock 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 at the start of the year. 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 trading volume of 3,270,000 shares, the short-interest ratio is currently 1.3 days. Approximately 0.9% of the company's shares are short sold.
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) posted its earnings results on Thursday, September, 14th. The software company reported $4.09 earnings per share (EPS) 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 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%. Adobe's revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the prior 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 issued an update on its fourth quarter 2023 earnings guidance on Thursday, September, 14th. The company provided EPS guidance of $4.10-$4.15 for the period, compared to the consensus earnings per share 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 number of institutional and retail investors. Top institutional shareholders 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 $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 9/25/2023 by MarketBeat.com Staff

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