Adobe - ADBE Stock Forecast, Price & News

30 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last year. There are currently 16 hold ratings and 14 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.
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30 Wall Street research analysts have issued twelve-month target prices for Adobe's stock. Their ADBE share price forecasts range from $310.00 to $820.00. On average, they predict the company's stock price to reach $427.11 in the next year. This suggests a possible upside of 43.1% from the stock's current price.
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Adobe's stock was trading at $567.06 on January 1st, 2022. Since then, ADBE stock has decreased by 47.4% and is now trading at $298.41.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, December 15th 2022.
View our ADBE earnings forecast.

Adobe Inc. (NASDAQ:ADBE) released its 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 had revenue of $4.43 billion for the quarter, compared to analysts' expectations of $4.44 billion. Adobe had a net margin of 28.00% and a trailing twelve-month return on equity of 36.49%. The company's revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.65 earnings per share.
Read the conference call transcript.

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

Adobe issued an update on its fourth quarter 2022 earnings guidance on Thursday, October, 6th. The company provided earnings per share (EPS) guidance of $3.50-$3.50 for the period, compared to the consensus estimate of $3.45. The company issued revenue guidance of $4.52 billion-$4.52 billion, compared to the consensus revenue estimate of $4.58 billion.

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.

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).

Adobe trades on the NASDAQ under the ticker symbol "ADBE."

Adobe's stock is owned by many different retail and institutional investors. Top institutional shareholders include Capital Investment Services of America Inc. (0.01%), Spence Asset Management (0.01%), Mcdaniel Terry & Co. (0.01%), First National Bank of Mount Dora Trust Investment Services (0.00%), Beese Fulmer Investment Management Inc. (0.00%) and First Hawaiian Bank (0.00%). 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.
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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.
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One share of ADBE stock can currently be purchased for approximately $298.41.

Adobe (NASDAQ:ADBE) has a market capitalization of $138.73 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.

The company employs 25,988 workers across the globe.

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.