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Adobe Stock Forecast, Price & News

$368.39
+2.76 (+0.75%)
(As of 06/29/2022 11:53 AM ET)
Add
Compare
Today's Range
$362.85
$370.06
50-Day Range
$360.79
$441.28
52-Week Range
$338.00
$699.54
Volume
41,919 shs
Average Volume
3.67 million shs
Market Capitalization
$174.06 billion
P/E Ratio
35.98
Dividend Yield
N/A
Price Target
$489.31
30 days | 90 days | 365 days | Advanced Chart

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ADBE Stock Forecast (MarketRank)

Overall MarketRank

2.86 out of 5 stars

Computer And Technology Sector

73rd out of 937 stocks

Prepackaged Software Industry

12th out of 303 stocks

Analyst Opinion: 4.4Community Rank: 4.9Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -
Adobe logo

About Adobe (NASDAQ:ADBE)

Adobe Inc. operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform. Its flagship product is Creative Cloud, a subscription service that allows members to access its creative products. This segment serves content creators, workers, marketers, educators, enthusiasts, communicators, and consumers. The Digital Experience segment provides an integrated platform and set of applications and services that enable brands and businesses to create, manage, execute, measure, monetize, and optimize customer experiences from analytics to commerce. This segment serves marketers, advertisers, agencies, publishers, merchandisers, merchants, web analysts, data scientists, developers, and executives across the C-suite. The Publishing and Advertising segment offers products and services, such as e-learning solutions, technical document publishing, web conferencing, document and forms platform, web application development, and high-end printing, as well as Advertising Cloud offerings. The company offers its products and services directly to enterprise customers through its sales force and local field offices, as well as to end users through app stores and through its website at adobe.com. It also distributes products and services through a network of distributors, value-added resellers, systems integrators, software vendors and developers, retailers, and original equipment manufacturers. The company was formerly known as Adobe Systems Incorporated and changed its name to Adobe Inc. in October 2018. Adobe Inc. was founded in 1982 and is headquartered in San Jose, California.

ADBE Stock News Headlines

Cracks Form In Adobe’s Growth Outlook
The 27 analysts covering Adobe (NASDAQ: ADBE) still rate it a solid Buy but we don't think now is the time to start buying. While the Buy rating has held firm over the last year the Marketbeat.com consensus price target is slipping.
Better Cloud Stock: Adobe vs. Autodesk
See More Headlines

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Application Software
Current Symbol
NASDAQ:ADBE
CUSIP
00724F10
Employees
25,988
Year Founded
1982

Company Calendar

Last Earnings
6/16/2022
Today
6/29/2022
Next Earnings (Estimated)
9/20/2022
Fiscal Year End
11/30/2022

Price Target and Rating

Average Stock Price Forecast
$489.31
High Stock Price Forecast
$820.00
Low Stock Price Forecast
$362.00
Forecasted Upside/Downside
+32.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.77777777777778
Research Coverage
27 Analysts

Profitability

Net Income
$4.82 billion
Pretax Margin
35.47%

Debt

Sales & Book Value

Annual Sales
$15.79 billion
Cash Flow
$11.80 per share
Book Value
$31.06 per share

Miscellaneous

Free Float
471,413,000
Market Cap
$174.06 billion
Optionable
Optionable
Beta
1.08

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Adobe 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 6 hold ratings and 21 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" Adobe stock.
View analyst ratings for Adobe
or view top-rated stocks.

What is Adobe's stock price forecast for 2022?

27 Wall Street research analysts have issued 1-year price objectives for Adobe's stock. Their ADBE stock forecasts range from $362.00 to $820.00. On average, they expect Adobe's stock price to reach $489.31 in the next twelve months. This suggests a possible upside of 32.6% from the stock's current price.
View analysts' price targets for Adobe
or view top-rated stocks among Wall Street analysts.

How has Adobe's stock price performed in 2022?

Adobe's stock was trading at $567.06 at the beginning of the year. Since then, ADBE shares have decreased by 34.9% and is now trading at $368.96.
View the best growth stocks for 2022 here
.

When is Adobe's next earnings date?

Adobe is scheduled to release its next quarterly earnings announcement on Tuesday, September 20th 2022.
View our earnings forecast for Adobe
.

How were Adobe's earnings last quarter?

Adobe Inc. (NASDAQ:ADBE) released its quarterly earnings data on Thursday, June, 16th. The software company reported $3.35 EPS for the quarter, topping analysts' consensus estimates of $3.31 by $0.04. Adobe had a net margin of 29.29% and a trailing twelve-month return on equity of 36.70%. During the same period in the prior year, the business posted $2.56 EPS.
View Adobe's earnings history
.

How will Adobe's stock buyback program work?

Adobe declared that its board has approved a share buyback program on Thursday, December 10th 2020, which permits the company to repurchase $15,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 6.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

What guidance has Adobe issued on next quarter's earnings?

Adobe issued an update on its third quarter 2022 earnings guidance on Thursday, June, 23rd. The company provided earnings per share (EPS) guidance of $3.33-$3.33 for the period, compared to the consensus earnings per share estimate of $3.40. The company issued revenue guidance of $4.43 billion-$4.43 billion, compared to the consensus revenue estimate of $4.51 billion.

Who are Adobe's key executives?

Adobe's management team includes the following people:
  • Mr. Shantanu Narayen, Chairman & CEO (Age 58, Pay $3.63M)
  • Dr. John E. Warnock, Independent Director (Age 81, Pay $60k)
  • Mr. Daniel J. Durn, CFO and Exec. VP of Fin., Technology Services & Operations (Age 56, Pay $3.33M)
  • Mr. David Wadhwani, Pres of Digital Media Bus. (Age 50, Pay $2.42M)
  • Dr. Anil S. Chakravarthy, Pres of Digital Experience Bus. (Age 54, Pay $1.58M)
  • Mr. Mark S. Garfield, Sr. VP, Chief Accounting Officer & Corp. Controller (Age 51)
  • Ms. Cynthia A. Stoddard, Sr. VP & Chief Information Officer (Age 65)
  • Mr. Jonathan Vaas, VP of Investor Relations
  • Mr. Dana Rao, Exec. VP, Gen. Counsel & Chief Trust Officer (Age 52) (LinkedIn Profile)
  • Ms. Ann Lewnes, Chief Marketing Officer and Exec. VP of Corp. Strategy & Devel. (Age 60)

What is Shantanu Narayen's approval rating as Adobe's CEO?

989 employees have rated Adobe CEO Shantanu Narayen on Glassdoor.com. Shantanu Narayen has an approval rating of 97% among Adobe'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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.15%), BlackRock Inc. (7.94%), State Street Corp (4.04%), Bank of New York Mellon Corp (1.65%), Polen Capital Management LLC (1.41%) and Fisher Asset Management LLC (1.38%). Company insiders that own Adobe stock include Abhay Parasnis, Ann Lewnes, Bryan Lamkin, Charles M Geschke, Dana Rao, Donna Morris, 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 for Adobe
.

Which institutional investors are selling Adobe stock?

ADBE stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Wellington Management Group LLP, Bank of America Corp DE, Winslow Capital Management LLC, Arrowstreet Capital Limited Partnership, IMC Chicago LLC, State Street Corp, and Bank of New York Mellon Corp. Company insiders that have sold Adobe company stock in the last two years include Abhay Parasnis, Ann Lewnes, Bryan Lamkin, Dana Rao, Gloria Chen, John E Warnock, John Francis Murphy, Mark S Garfield, Scott Belsky, and Shantanu Narayen.
View insider buying and selling activity for Adobe
or view top insider-selling stocks.

Which institutional investors are buying Adobe stock?

ADBE stock was bought by a variety of institutional investors in the last quarter, including Flossbach Von Storch AG, Polen Capital Management LLC, Baillie Gifford & Co., Findlay Park Partners LLP, Edgewood Management LLC, Fiera Capital Corp, Loomis Sayles & Co. L P, and AKO Capital LLP.
View insider buying and selling activity for Adobe
or or view top insider-buying stocks.

How do I buy shares of Adobe?

Shares of ADBE 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 $368.96.

How much money does Adobe make?

Adobe (NASDAQ:ADBE) has a market capitalization of $174.33 billion and generates $15.79 billion in revenue each year. The software company earns $4.82 billion in net income (profit) each year or $10.239990 on an earnings per share basis.

How many employees does Adobe have?

Adobe employs 25,988 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

When was Adobe founded?

Adobe was founded in 1982.

How can I contact Adobe?

Adobe's mailing address is 345 PARK AVE, SAN JOSE CA, 95110. The official website for Adobe is www.adobe.com. The software company can be reached via phone at (408) 536-6000, via email at [email protected], or via fax at 408-537-6000.

This page (NASDAQ:ADBE) was last updated on 6/29/2022 by MarketBeat.com Staff

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