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Adobe - ADBE Stock Forecast, Price & News

$330.64
-1.94 (-0.58%)
(As of 12/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$328.50
$334.69
50-Day Range
$284.83
$345.96
52-Week Range
$274.73
$675.21
Volume
1.96 million shs
Average Volume
3.57 million shs
Market Capitalization
$153.71 billion
P/E Ratio
32.61
Dividend Yield
N/A
Price Target
$405.42

Adobe MarketRank™ Forecast

Analyst Rating
Hold
2.45 Rating Score
Upside/​Downside
22.6% Upside
$405.42 Price Target
Short Interest
Healthy
0.99% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.55
Upright™ Environmental Score
News Sentiment
0.32mentions of Adobe in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$7.69 M Sold Last Quarter
Proj. Earnings Growth
9.99%
From $11.11 to $12.22 Per Share

Overall MarketRank

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

2.86 out of 5 stars

Computer And Technology Sector

69th out of 621 stocks

Prepackaged Software Industry

25th out of 218 stocks

ADBE stock logo

About Adobe (NASDAQ:ADBE) Stock

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.

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ADBE Stock News Headlines

Zoom Video Continues to Work Through Normalization (ADBE)
Zoom Video (NASDAQ: ZM) has gone from an obscure but easy-to-use video communications platform to becoming a verb synonymous with video conferencing
Cyber Monday deals lure in consumers amid high inflation
Days after flocking to stores on Black Friday, consumers are turning online for Cyber Monday to score more discounts on gifts and other items that have ballooned in price because of high inflation
Inflation hovers over shoppers seeking deals on Black Friday
Shoppers eager to start holiday shopping but weighed down by inflation are hunting for the best deals at stores and online this Black Friday
Inflation hovers over shoppers heading into Black Friday
Black Friday marks a return to familiar holiday shopping patterns, but inflation is weighing on consumers
Holiday shopping kicks off with inflation dampening spirits
While Black Friday will mark a return to familiar holiday shopping patterns, uncertainty still remains
Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges (ADBE)
Salesforce, climbing out of a rough spot, still may not make the best short-term investment. In the future, it could make a big move.
US Earnings to Watch This Week: Adobe, Darden, Lennar
Why Record Black Friday Spending Isn’t Such Great News
Adobe cuts 100 jobs amid growing tech layoffs
Is There Now An Opportunity In Adobe Inc. (NASDAQ:ADBE)?
Adobe Inc. (NASDAQ:ADBE) Short Interest Update
Why Adobe (ADBE) Could Beat Earnings Estimates Again
Will Palantir Be a 2023 Breakout Stock?
1 Stock I'm Buying Before 2022 Ends
Adobe: Buy The Dip In This Excellent Compounder
Buy Adobe (ADBE) Stock Down 50% For Long-Term Upside?
See More Headlines
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ADBE Company Calendar

Last Earnings
9/15/2022
Today
12/09/2022
Next Earnings (Estimated)
12/15/2022
Fiscal Year End
11/30/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$405.42
High Stock Price Forecast
$605.00
Low Stock Price Forecast
$310.00
Forecasted Upside/Downside
+22.6%
Consensus Rating
Hold
Rating Score (0-4)
2.45
Research Coverage
29 Analysts

Profitability

Net Income
$4.82 billion
Pretax Margin
34.66%

Debt

Sales & Book Value

Annual Sales
$15.79 billion
Cash Flow
$12.57 per share
Book Value
$31.06 per share

Miscellaneous

Free Float
463,831,000
Market Cap
$153.71 billion
Optionable
Optionable
Beta
1.26

Social Links


Key Executives

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













ADBE Stock - Frequently Asked Questions

Should I buy or sell Adobe stock right now?

29 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last year. There are currently 16 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street 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 12-month price objectives for Adobe's shares. Their ADBE share price forecasts range from $310.00 to $605.00. On average, they expect the company's stock price to reach $405.42 in the next year. This suggests a possible upside of 22.7% 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 2022?

Adobe's stock was trading at $567.06 at the beginning of 2022. Since then, ADBE stock has decreased by 41.7% and is now trading at $330.43.
View the best growth stocks for 2022 here
.

Are investors shorting Adobe?

Adobe saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 4,590,000 shares, a drop of 13.7% from the October 31st total of 5,320,000 shares. Based on an average daily volume of 4,350,000 shares, the short-interest ratio is currently 1.1 days. Currently, 1.0% 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 Thursday, December 15th 2022.
View our ADBE earnings forecast
.

How were Adobe's earnings last quarter?

Adobe Inc. (NASDAQ:ADBE) posted its quarterly earnings results on Thursday, September, 15th. The software company reported $2.63 EPS for the quarter, missing the consensus estimate of $2.65 by $0.02. The software company earned $4.43 billion during the quarter, compared to the consensus estimate of $4.44 billion. Adobe had a trailing twelve-month return on equity of 36.49% and a net margin of 28.00%. The company's revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.65 earnings per share.
Read the conference call transcript
.

How will Adobe's stock buyback program work?

Adobe announced that its Board of Directors has approved a stock buyback plan on Thursday, December 10th 2020, which allows the company to repurchase $15,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 6.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

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

Adobe updated its fourth quarter 2022 earnings guidance on Thursday, November, 3rd. The company provided earnings per share guidance of $3.50-$3.50 for the period, compared to the consensus EPS estimate of $3.50. The company issued revenue guidance of $4.52 billion-$4.52 billion, compared to the consensus revenue estimate of $4.53 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 many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.43%), State Street Corp (4.01%), Bank of New York Mellon Corp (1.62%), Polen Capital Management LLC (1.49%), Primecap Management Co. CA (1.38%) and Massachusetts Financial Services Co. MA (1.18%). Insiders that own company stock include Abhay Parasnis, Ann Lewnes, Bryan Lamkin, Charles M Geschke, Dana Rao, Daniel Durn, David A Ricks, 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
.

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 $330.43.

How much money does Adobe make?

Adobe (NASDAQ:ADBE) has a market capitalization of $153.62 billion and generates $15.79 billion in revenue each year. The software company earns $4.82 billion in net income (profit) each year or $10.14 on an earnings per share basis.

How many employees does Adobe have?

The company 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
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 12/9/2022 by MarketBeat.com Staff