NASDAQ:ADBE

Adobe - ADBE Stock Forecast, Price & News

$385.37

+3.47 (+0.91%)

(As of 03/31/2023 12:00 AM ET)

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Today's Range: $380.26
▼
$385.73
50-Day Range: $320.54
▼
$392.23
52-Week Range: $274.73
▼
$473.49

Volume: 3.06 million shs
Average Volume: 3.05 million shs
Market Capitalization: $176.72 billion

P/E Ratio: 37.97
Dividend Yield: N/A
Price Target: $388.00

Institutional Ownership

Adobe MarketRank™ Forecast

Analyst Rating: Hold
2.41 Rating Score
Upside/Downside: 0.7% Upside
$388.00 Price Target
Short Interest: Healthy
1.07% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.55
Upright™ Environmental Score
News Sentiment: 0.41
Based on 19 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.

2.48 out of 5 stars

Computer And Technology Sector

172nd out of 618 stocks

Prepackaged Software Industry

44th out of 213 stocks

2.2

Analyst's Opinion

Consensus Rating
Adobe has received a consensus rating of Hold. The company's average rating score is 2.41, and is based on 11 buy ratings, 16 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $388.00, Adobe has a forecasted upside of 0.7% from its current price of $385.37.
Amount of Analyst Coverage
Adobe has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
1.07% 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 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Adobe has recently decreased by 11.66%, indicating that investor sentiment is improving 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.

2.5

News and Social Media Coverage

News Sentiment
Adobe has a news sentiment score of 0.41. 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 19 news articles for Adobe this week, compared to 14 articles on an average week.
Social Mentions This Week
MarketBeat has tracked 2 reddit mentions for Adobe this week, compared to 3 mentions on an average week.
Search Interest
Only 150 people have searched for ADBE on MarketBeat in the last 30 days. This is a decrease of -18% 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 13% 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 $7,915,709.00 in company stock.
Percentage Held by Insiders
Only 0.24% 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 13.67% in the coming year, from $12.22 to $13.89 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Adobe is 37.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.97.
Price to Earnings Ratio vs. Sector
The P/E ratio of Adobe is 37.97, 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 349.37.
Price to Earnings Growth Ratio
Adobe has a PEG Ratio of 2.29. 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 12.44. 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 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 28, 2023 | marketbeat.com

Smartsheet Can Bolster Workflow Ecosystems and Your Portfolio (ADBE)

Cloud-based collaborative work management software provider Smartsheet Inc. (NASDAQ: SMAR) is an under-the-radar name growing at 35%.

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.

April 1, 2023 | Investorplace Media (Ad)

5 Stocks to Buy Immediately

America’s #1 stock picker issues 5 buy alerts – one of which is positioned to be the next Tesla. Just click to claim your copy.

March 31, 2023 | finance.yahoo.com

Is Adobe Inc.'s (NASDAQ:ADBE) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?

March 31, 2023 | americanbankingnews.com

Adobe (NASDAQ:ADBE) Raised to "Buy" at Erste Group Bank

March 30, 2023 | markets.businessinsider.com

Potential regulator challenges to Big Tech M&A may have far-reaching consequences for the tech ecosystem

March 29, 2023 | finance.yahoo.com

Generative AI Tools Use Custom Data to Power More Business Functions

March 29, 2023 | finance.yahoo.com

Elon Musk, Other AI Experts Call for Pause in Technology’s Development

April 1, 2023 | Investorplace Media (Ad)

5 Stocks to Buy Immediately

America’s #1 stock picker issues 5 buy alerts – one of which is positioned to be the next Tesla. Just click to claim your copy.

March 28, 2023 | seekingalpha.com

Adobe: Poised To Ride The Wave Of Booming Industry Growth

March 27, 2023 | finance.yahoo.com

CORRECTING and REPLACING World’s Leading Customer Data Platform Adobe Real-Time CDP Debuts Industry-First Innovations

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 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

See More Headlines

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ADBE Company Calendar

Last Earnings: 3/15/2023
Today: 4/01/2023
Next Earnings (Estimated): 6/15/2023
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: $388.00
High Stock Price Forecast: $430.00
Low Stock Price Forecast: $350.00
Forecasted Upside/Downside: +0.7%
Consensus Rating: Hold
Rating Score (0-4): 2.41
Research Coverage: 27 Analysts

Profitability

EPS (Most Recent Fiscal Year): $10.15
Trailing P/E Ratio: 37.97
Forward P/E Ratio: 31.54
P/E Growth: 2.29
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: 10.04
Cash Flow: $13.36 per share
Price / Cash Flow: 28.84
Book Value: $30.98 per share
Price / Book: 12.44

Miscellaneous

Outstanding Shares: 458,580,000
Free Float: 457,475,000
Market Cap: $176.72 billion
Optionable: Optionable
Beta: 1.27

Social Links

Key Executives

Shantanu Narayen
Chairman & Chief Executive Officer

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

Cynthia A. Stoddard
Chief Information Officer & Senior Vice President

Dana Rao
Secretary, Chief Trust Officer & Executive VP

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?: 27 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last year. There are currently 16 hold ratings and 11 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?: 27 analysts have issued 12 month price objectives for Adobe's shares. Their ADBE share price forecasts range from $350.00 to $430.00. On average, they expect the company's share price to reach $388.00 in the next year. This suggests a possible upside of 0.7% 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 2023?: Adobe's stock was trading at $336.53 on January 1st, 2023. Since then, ADBE shares have increased by 14.5% and is now trading at $385.37.
View the best growth stocks for 2023 here.
Are investors shorting Adobe?: Adobe saw a decline in short interest in the month of March. As of March 15th, there was short interest totaling 4,850,000 shares, a decline of 11.7% from the February 28th total of 5,490,000 shares. Based on an average daily volume of 2,980,000 shares, the short-interest ratio is presently 1.6 days. Currently, 1.1% of the company's stock 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, June 15th 2023.
View our ADBE earnings forecast.
How were Adobe's earnings last quarter?: Adobe Inc. (NASDAQ:ADBE) posted its quarterly earnings results on Wednesday, March, 15th. The software company reported $3.80 EPS for the quarter, beating analysts' consensus estimates of $3.68 by $0.12. The software company earned $4.66 billion during the quarter, compared to the consensus estimate of $4.62 billion. Adobe had a net margin of 26.32% and a trailing twelve-month return on equity of 36.53%. Adobe's revenue was up 9.2% on a year-over-year basis. During the same period 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), Direxion Daily Cloud Computing Bull 2x (CLDL), Optimize AI Smart Sentiment Event-Driven ETF (OAIE), 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 EPS 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."
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 $385.37.
How much money does Adobe make?: Adobe (NASDAQ:ADBE) has a market capitalization of $176.72 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 4/1/2023 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

Social Mentions 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^™