NASDAQ:ADBE

Adobe - ADBE Stock Forecast, Price & News

$383.92

+13.58 (+3.67%)

(As of 02/1/2023 12:00 AM ET)

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Today's Range: $366.80
▼
$386.72
50-Day Range: $326.68
▼
$370.71
52-Week Range: $274.73
▼
$540.46

Volume: 3.35 million shs
Average Volume: 2.49 million shs
Market Capitalization: $175.76 billion

P/E Ratio: 38.01
Dividend Yield: N/A
Price Target: $412.81

Institutional Ownership

Adobe MarketRank™ Forecast

Analyst Rating: Hold
2.48 Rating Score
Upside/Downside: 7.5% Upside
$412.81 Price Target
Short Interest: Healthy
1.01% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.55
Upright™ Environmental Score
News Sentiment: 0.46
Based on 14 Articles This Week
Insider Trading: Selling Shares
$9.07 M Sold Last Quarter
Proj. Earnings Growth: 13.33%
From $12.15 to $13.77 Per Share

Overall MarketRank^™

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

2.35 out of 5 stars

Computer And Technology Sector

105th out of 630 stocks

Prepackaged Software Industry

28th out of 218 stocks

2.2

Analyst's Opinion

Consensus Rating
Adobe has received a consensus rating of Hold. The company's average rating score is 2.48, and is based on 14 buy ratings, 15 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $412.81, Adobe has a forecasted upside of 7.5% from its current price of $383.92.
Amount of Analyst Coverage
Adobe has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.01% of the float of Adobe has been sold short.
Short Interest Ratio / Days to Cover
Adobe has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Adobe has recently increased by 9.05%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Adobe does not currently pay a dividend.
Dividend Growth
Adobe does not have a long track record of dividend growth.

3.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Adobe has received a 34.38% net impact score from Upright. Adobe seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Jobs". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Collaboration software", "Integrated development environments", and "Photograph editing software" products. See details.
Environmental Sustainability
The Environmental Impact score for Adobe is -0.55.

3.0

News and Social Media Coverage

News Sentiment
Adobe has a news sentiment score of 0.46. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 14 news articles for Adobe this week, compared to 13 articles on an average week.
Search Interest
117 people have searched for ADBE on MarketBeat in the last 30 days. This is an increase of 60% compared to the previous 30 days.
MarketBeat Follows
53 people have added Adobe to their MarketBeat watchlist in the last 30 days. This is an increase of 56% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Adobe insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $9,067,344.00 in company stock.
Percentage Held by Insiders
Only 0.23% of the stock of Adobe is held by insiders.
Percentage Held by Institutions
79.36% of the stock of Adobe is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Adobe are expected to grow by 13.33% in the coming year, from $12.15 to $13.77 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Adobe is 38.01, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 149.03.
Price to Earnings Ratio vs. Sector
The P/E ratio of Adobe is 38.01, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 408.28.
Price to Earnings Growth Ratio
Adobe has a PEG Ratio of 2.27. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Adobe has a P/B Ratio of 12.51. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Adobe (NASDAQ:ADBE) Stock

Adobe Inc. is a U.S.-based multinational software company focused on the publishing and content creation industries. It is the world's fifth-largest software company by market cap, with a capitalization near $155 billion at the start of 2023. Revenue in 2022 topped $19 billion. The company employs more than 26,000 people and has offices across the U.S. and India. The company ranks 339th on the Forbes Fortune 500 list and has ranked on Forbes' "100 Best Companies to Work for" for more than two decades.

John Warnock and Charles Geschke founded Adobe Systems Inc. in Warnock's garage in 1982. Warnock and Gesche named the company after a creek that runs behind the residence and is also an allusion to the creative power of building with adobe mud bricks. The pair were ex-Xerox employees who left the company to concentrate on writing programming languages specifically for the publishing industry. Their work and investments from major technology moguls like Steve Jobs laid the foundation for the modern desktop publishing industry. Adobe held its IPO on August 20, 1986.

The initial product focused on written content and publishing, but acquisitions over the following decades fleshed out the offerings. Now, the company is a leader in most forms of digital content creation, including graphics, photography, illustration, animation, multimedia and even motion pictures. A few key product lines include Photoshop for digitally enhancing and editing photographs (used by more than 90% of creative professionals), Illustrator, a suite of tools for digital illustrations, and Adobe Reader. Adobe Reader is the home of PDF and easily transportable digital files. In 2022, consumers opened more than 400 billion PDFs with Reader.

Over the years, the company has had to adapt to a changing technological environment due to a shift to the cloud and developing into a software-as-a-service (SaaS) business. Another major shift was the move into digital marketing software, which has ranked among the leading customer experience management firms on the market.

Today, Adobe is in business as a diversified software company. It operates in three segments: digital media, digital experience and publishing and advertising. The digital media segment includes products and services geared toward content creation, including cloud-based services. This segment's primary offering is Creative Cloud, a suite of Adobe's cloud-based products. Creative Cloud is an AI-powered subscription service and accounted for more than 50% of its revenue in Q4 2022.

The digital experience segment operates an integrated platform that connects businesses to software and services that enable them to create and manage customer experiences. This segment includes the document cloud, which hosts online document sharing and singing. The publishing and advertising segment provides software and services for technical document publishing, high-end printing and advertising needs.

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ADBE Stock News Headlines

February 1, 2023 | marketbeat.com

Has The Salesforce Turnaround Begun? (ADBE)

Salesforce’s shares are up 30% from the multi-year lows they hit at the end of December and it’s clear the bulls have the upper hand for now.

January 11, 2023 | marketbeat.com

Can US avoid a recession? As inflation eases, optimism rises

For months, the outlook for the U.S. economy has been a mostly bleak one: Inflation hitting a four-decade high, consumer spending weakening, interest rates surging

February 2, 2023 | Tradewins (Ad)

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February 1, 2023 | finance.yahoo.com

Adobe Lightroom Brings Professional Photo Editing to Samsung Galaxy S23 Series

February 1, 2023 | finance.yahoo.com

Should You Hold Adobe (ADBE) For the Long-Term?

January 31, 2023 | americanbankingnews.com

Short Interest in Adobe Inc. (NASDAQ:ADBE) Rises By 9.0%

January 30, 2023 | finance.yahoo.com

With 84% ownership of the shares, Adobe Inc. (NASDAQ:ADBE) is heavily dominated by institutional owners

January 27, 2023 | americanbankingnews.com

Adobe Inc. (NASDAQ:ADBE) CAO Mark S. Garfield Sells 209 Shares

February 2, 2023 | Tradewins (Ad)

Know Your Profit Potential BEFORE You Trade!

January 27, 2023 | americanbankingnews.com

Adobe Inc. (NASDAQ:ADBE) EVP Scott Belsky Sells 2,906 Shares

January 26, 2023 | finance.yahoo.com

Morgan Stanley warns Adobe’s growth is fairly priced into stock

January 26, 2023 | finance.yahoo.com

Adobe to open Atlanta office as company embraces hybrid work

January 25, 2023 | americanbankingnews.com

Shantanu Narayen Sells 15,000 Shares of Adobe Inc. (NASDAQ:ADBE) Stock

January 18, 2023 | benzinga.com

Adobe Denies Exploiting User Images And Videos For AI Training

January 17, 2023 | finance.yahoo.com

Adobe, Facing Blowback, Says Customer Data Not Used to Train AI

January 17, 2023 | seekingalpha.com

Adobe: Buy, Customers And Shareholders Are Of Value Here

January 16, 2023 | finance.yahoo.com

Should You Exit Adobe (ADBE)?

January 14, 2023 | finance.yahoo.com

Is It Too Late To Consider Buying Adobe Inc. (NASDAQ:ADBE)?

January 13, 2023 | finance.yahoo.com

Adobe Inc. (ADBE) Is a Trending Stock: Facts to Know Before Betting on It

January 11, 2023 | finance.yahoo.com

Adobe Tried to Buy Figma Twice Before $20 Billion Bid Accepted

January 10, 2023 | finance.yahoo.com

Adobe's (NASDAQ:ADBE) investors will be pleased with their respectable 78% return over the last five years

January 10, 2023 | finance.yahoo.com

Do You Believe in the Growth Prospects of Adobe (ADBE)?

January 9, 2023 | finance.yahoo.com

15 Best Growth Stocks to Buy According to Hedge Funds

January 9, 2023 | finance.yahoo.com

Holiday shopping season not expected to save Wall Street as recession worries endure

January 8, 2023 | finance.yahoo.com

Adobe’s CEO Sizes Up the State of Tech Now

January 6, 2023 | finance.yahoo.com

Calculating The Fair Value Of Adobe Inc. (NASDAQ:ADBE)

January 5, 2023 | marketwatch.com

Online holiday sales exceeded expectations: Adobe data

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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ADBE Company Calendar

Last Earnings: 12/15/2022
Today: 2/02/2023
Next Earnings (Estimated): 3/28/2023
Fiscal Year End: 11/30/2023

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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: $412.81
High Stock Price Forecast: $605.00
Low Stock Price Forecast: $325.00
Forecasted Upside/Downside: +7.5%
Consensus Rating: Hold
Rating Score (0-4): 2.48
Research Coverage: 29 Analysts

Profitability

EPS (Most Recent Fiscal Year): $10.10
Trailing P/E Ratio: 38.01
Forward P/E Ratio: 31.60
P/E Growth: 2.27
Net Income: $4.76 billion
Net Margins: 27.01%
Pretax Margin: 34.13%
Return on Equity: 36.74%
Return on Assets: 19.44%

Debt

Debt-to-Equity Ratio: 0.26
Current Ratio: 1.11
Quick Ratio: 1.11

Sales & Book Value

Annual Sales: $17.61 billion
Price / Sales: 9.98
Cash Flow: $13.68 per share
Price / Cash Flow: 28.07
Book Value: $30.69 per share
Price / Book: 12.51

Miscellaneous

Outstanding Shares: 457,800,000
Free Float: 456,747,000
Market Cap: $175.76 billion
Optionable: Optionable
Beta: 1.24

Social Links

Key Executives

Shantanu Narayen
Chairman, President & Chief Executive Officer

Daniel J. Durn
CFO, EVP-Finance, Technology Services & Operations

Cynthia A. Stoddard
Chief Information Officer & Senior Vice President

Dana Rao
Chief Trust Officer, EVP & General Counsel

Gloria Chen
Chief People Officer & Executive Vice President

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?: 29 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last year. There are currently 15 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ADBE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ADBE, but not buy additional shares or sell existing shares.
View ADBE analyst ratings or view top-rated stocks.
What is Adobe's stock price forecast for 2023?: 29 Wall Street research analysts have issued 1 year price objectives for Adobe's shares. Their ADBE share price forecasts range from $325.00 to $605.00. On average, they anticipate the company's share price to reach $412.81 in the next year. This suggests a possible upside of 7.5% 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 on January 1st, 2023. Since then, ADBE shares have increased by 14.1% and is now trading at $383.92.
View the best growth stocks for 2023 here.
Are investors shorting Adobe?: Adobe saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 4,580,000 shares, an increase of 9.0% from the December 31st total of 4,200,000 shares. Based on an average trading volume of 3,100,000 shares, the days-to-cover ratio is currently 1.5 days. Currently, 1.0% of the company's shares 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 Tuesday, March 28th 2023.
View our ADBE earnings forecast.
How were Adobe's earnings last quarter?: Adobe Inc. (NASDAQ:ADBE) issued its quarterly earnings results on Thursday, December, 15th. The software company reported $2.78 EPS for the quarter, meeting the consensus estimate of $2.78. The software company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.52 billion. Adobe had a net margin of 27.01% and a trailing twelve-month return on equity of 36.74%.
What guidance has Adobe issued on next quarter's earnings?: Adobe updated its first quarter 2023 earnings guidance on Thursday, December, 15th. The company provided earnings per share (EPS) guidance of $3.65-$3.70 for the period, compared to the consensus earnings per share estimate of $3.64. The company issued revenue guidance of $4.60 billion-$4.64 billion, compared to the consensus revenue estimate of $4.64 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 retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.37%), Parnassus Investments LLC (0.35%), Bank of Montreal Can (0.24%), Sustainable Growth Advisers LP (0.21%), New York State Common Retirement Fund (0.20%) and Baillie Gifford & Co. (0.19%). Insiders that own company stock include Abhay Parasnis, 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 $383.92.
How much money does Adobe make?: Adobe (NASDAQ:ADBE) has a market capitalization of $175.76 billion and generates $17.61 billion in revenue each year. The software company earns $4.76 billion in net income (profit) each year or $10.10 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 2/2/2023 by MarketBeat.com Staff

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Adobe - ADBE Stock Forecast, Price & News

Adobe MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Adobe (NASDAQ:ADBE) Stock

ADBE Stock News Headlines

ADBE Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

ADBE Stock - Frequently Asked Questions

Overall MarketRank^™