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NASDAQ:ADBE

Adobe - ADBE Stock Forecast, Price & News

$371.32
-3.64 (-0.97%)
(As of 03/27/2023 11:40 AM ET)
Add
Compare
Today's Range
$371.32
▼
$380.35
50-Day Range
$320.54
▼
$392.23
52-Week Range
$274.73
▼
$473.49
Volume
1.03 million shs
Average Volume
3.07 million shs
Market Capitalization
$170.28 billion
P/E Ratio
36.58
Dividend Yield
N/A
Price Target
$409.19

Adobe MarketRank™ Forecast

Analyst Rating
Hold
2.45 Rating Score
Upside/​Downside
8.9% Upside
$409.19 Price Target
Short Interest
Healthy
1.07% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.55
Upright™ Environmental Score
News Sentiment
0.43mentions of Adobe in the last 14 days
Based on 44 Articles This Week
Insider Trading
Selling Shares
$7.92 M Sold Last Quarter
Proj. Earnings Growth
13.67%
From $12.22 to $13.89 Per Share

Overall MarketRank™

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

2.54 out of 5 stars

Computer And Technology Sector

251st out of 614 stocks

Prepackaged Software Industry

87th out of 213 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.

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ADBE Stock News Headlines

March 16, 2023 | marketbeat.com
Adobe Inc. Exceeds Expectations, Sustained Rally Unlikely 
Adobe Inc. had a solid quarter and shares are up in premarket trading but upside is limited by analysts that view the guidance as expected.
February 28, 2023 | marketbeat.com
AI Cloud-Monitoring Revenue Sends Dynatrace Shares Higher (ADBE)
Dynatrace is holding gains since its February 1 earnings report and managed to gain 0.54% the week ended February 24, defying the broad market pullback.
March 27, 2023 | Behind the Markets (Ad)
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
February 27, 2023 | marketbeat.com
DocuSign Stock Clobbered by Sell Rating, Buying Opportunity? (ADBE)
Digital signature cloud company DocuSign Inc. (NASDAQ: DOCU) stock got clobbered on the Sell rating by UBS on Feb. 21, 2023. The company is arguably the leader
March 26, 2023 | fool.com
A Bull Market Might Be Starting -- But Is It Time to Buy Adobe Stock Again?
March 24, 2023 | americanbankingnews.com
Adobe Inc. (NASDAQ:ADBE) Director Sells $536,865.00 in Stock
March 24, 2023 | americanbankingnews.com
Royal Bank of Canada Increases Adobe (NASDAQ:ADBE) Price Target to $415.00
March 23, 2023 | finance.yahoo.com
Canva Could Be Tech’s Next Big IPO. How the Start-Up Is Beating Big Tech.
March 27, 2023 | Behind the Markets (Ad)
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
March 23, 2023 | stocknews.com
Get in on These Strong Software Stocks
March 23, 2023 | finance.yahoo.com
Adobe Trying to Win Over Authorities on Figma Deal, CEO Says
March 23, 2023 | finance.yahoo.com
BlackBerry and Adobe Partner to Deliver Secure Forms with Electronic Signatures on Mobile
March 23, 2023 | americanbankingnews.com
DA Davidson Comments on Adobe Inc.'s Q2 2023 Earnings (NASDAQ:ADBE)
March 22, 2023 | finance.yahoo.com
Prada Group Partners With Adobe to Reimagine In-store and Digital Experiences in Real Time
March 22, 2023 | americanbankingnews.com
Adobe (NASDAQ:ADBE) Receives Overweight Rating from Piper Sandler
March 22, 2023 | americanbankingnews.com
Adobe Inc. (NASDAQ:ADBE) CAO Mark S. Garfield Sells 132 Shares of Stock
March 22, 2023 | americanbankingnews.com
FY2023 EPS Estimates for Adobe Inc. (NASDAQ:ADBE) Raised by Analyst
March 22, 2023 | americanbankingnews.com
Q2 2023 EPS Estimates for Adobe Inc. (NASDAQ:ADBE) Decreased by Oppenheimer
March 21, 2023 | finance.yahoo.com
Adobe Dives Into Generative AI Market With New Software Tools
March 21, 2023 | benzinga.com
Adobe Jumps Generative AI Bandwagon, Introduces Firefly AI Image Generator
March 21, 2023 | americanbankingnews.com
Adobe Inc. (NASDAQ:ADBE) to Post Q3 2023 Earnings of $2.95 Per Share, Jefferies Financial Group Forecasts
March 20, 2023 | finance.yahoo.com
Adobe Stock Key Rating Hiked; Designing A Base For Fresh Run?
March 20, 2023 | finance.yahoo.com
AI Stocks To Watch As Big Tech Improves Products With Artificial Intelligence
March 20, 2023 | finance.yahoo.com
Adobe Inc. (NASDAQ:ADBE) Q1 2023 Earnings Call Transcript
March 20, 2023 | finance.yahoo.com
Is Adobe Stock a Buy After Q1 Earnings?
March 20, 2023 | americanbankingnews.com
Adobe (NASDAQ:ADBE) PT Raised to $350.00 at Credit Suisse Group
March 19, 2023 | finance.yahoo.com
Batten Down the Hatches: 3 Stocks to Buy on the Dip
See More Headlines
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ADBE Company Calendar

Last Earnings
3/15/2023
Today
3/26/2023
Next Earnings (Estimated)
6/15/2023
Fiscal Year End
11/30/2023
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
$409.19
High Stock Price Forecast
$575.00
Low Stock Price Forecast
$350.00
Forecasted Upside/Downside
+11.1%
Consensus Rating
Hold
Rating Score (0-4)
2.47
Research Coverage
29 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$10.15
Trailing P/E Ratio
36.94
Forward P/E Ratio
30.68
P/E Growth
2.26
Net Income
$4.76 billion
Net Margins
26.32%
Pretax Margin
33.69%
Return on Equity
36.53%
Return on Assets
19.35%

Debt

Debt-to-Equity Ratio
0.26
Current Ratio
1.12
Quick Ratio
1.11

Sales & Book Value

Annual Sales
$17.61 billion
Price / Sales
9.77
Cash Flow
$13.16 per share
Price / Cash Flow
28.50
Book Value
$30.98 per share
Price / Book
12.10

Miscellaneous

Outstanding Shares
458,580,000
Free Float
457,475,000
Market Cap
$171.95 billion
Optionable
Optionable
Beta
1.27

Social Links


Key Executives

  • Shantanu NarayenShantanu Narayen
    Chairman & Chief Executive Officer
  • Daniel J. Durn
    CFO, EVP-Finance, Technology Services & Operations
  • Cynthia A. Stoddard
    Chief Information Officer & Senior Vice President
  • Dana RaoDana Rao
    Secretary, Chief Trust Officer & Executive VP
  • Gloria ChenGloria 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 16 hold ratings and 13 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 analysts have issued 1 year target prices for Adobe's stock. Their ADBE share price forecasts range from $350.00 to $575.00. On average, they expect the company's stock price to reach $409.19 in the next twelve months. This suggests a possible upside of 9.1% 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 2023. Since then, ADBE shares have increased by 11.4% and is now trading at $374.96.
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, June 15th 2023.
View our ADBE earnings forecast.

How were Adobe's earnings last quarter?

Adobe Inc. (NASDAQ:ADBE) issued its quarterly earnings results on Wednesday, March, 15th. The software company reported $3.80 EPS for the quarter, topping the consensus estimate of $3.68 by $0.12. The software company earned $4.66 billion during the quarter, compared to analyst estimates of $4.62 billion. Adobe had a trailing twelve-month return on equity of 36.53% and a net margin of 26.32%. The company's quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.84 EPS.

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), UPHOLDINGS Compound Kings ETF (KNGS), Grizzle Growth ETF (GRZZ), Direxion Daily Software Bull 2X Shares (SWAR), Optimize AI Smart Sentiment Event-Driven ETF (OAIE), Direxion Daily Cloud Computing Bull 2X Shares (CLDL), Monarch Blue Chips Core ETF (MBCC) and Fidelity Metaverse ETF (FMET).

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

Adobe issued an update on its second quarter 2023 earnings guidance on Wednesday, March, 15th. The company provided earnings per share guidance of $3.75-$3.80 for the period, compared to the consensus estimate of $3.76. The company issued revenue guidance of $4.75 billion-$4.78 billion, compared to the consensus revenue estimate of $4.76 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 investors include Morgan Stanley (2.14%), Geode Capital Management LLC (2.08%), Polen Capital Management LLC (1.37%), Norges Bank (1.14%), Fisher Asset Management LLC (1.11%) and Amundi (1.02%). 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 $374.96.

How much money does Adobe make?

Adobe (NASDAQ:ADBE) has a market capitalization of $171.95 billion and generates $17.61 billion in revenue each year. The software company earns $4.76 billion in net income (profit) each year or $10.15 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 3/27/2023 by MarketBeat.com Staff