Adobe Stock Forecast, Price & News

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last twelve months. There are currently 4 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Adobe stock.
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Adobe is scheduled to release its next quarterly earnings announcement on Thursday, June 10th 2021.
View our earnings forecast for Adobe.

Adobe Inc. (NASDAQ:ADBE) issued its quarterly earnings data on Monday, March, 22nd. The software company reported $3.14 earnings per share for the quarter, topping analysts' consensus estimates of $2.79 by $0.35. The software company had revenue of $3.91 billion for the quarter, compared to analysts' expectations of $3.76 billion. Adobe had a net margin of 40.88% and a trailing twelve-month return on equity of 35.81%. The company's revenue was up 26.3% on a year-over-year basis. During the same period last year, the company earned $2.27 EPS.
View Adobe's earnings history.

Adobe's stock was trading at $315.23 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ADBE stock has increased by 63.1% and is now trading at $514.21.
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Adobe announced that its Board of Directors has initiated a stock buyback program on Thursday, December 10th 2020, which authorizes the company to repurchase $15,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 6.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

Adobe issued an update on its FY21 earnings guidance on Tuesday, March, 23rd. The company provided earnings per share (EPS) guidance of approx $11.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $11.25. The company issued revenue guidance of approx $15.45 billion, compared to the consensus revenue estimate of $15.20 billion.

23 analysts have issued 12-month target prices for Adobe's shares. Their forecasts range from $460.00 to $605.00. On average, they expect Adobe's share price to reach $553.09 in the next twelve months. This suggests a possible upside of 7.6% from the stock's current price.
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989 employees have rated Adobe CEO Shantanu Narayen on Glassdoor.com. Shantanu Narayen has an approval rating of 97% among Adobe's employees. This puts Shantanu Narayen in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Adobe include salesforce.com (CRM), Intuit (INTU), Autodesk (ADSK), Workday (WDAY), Cadence Design Systems (CDNS), Synopsys (SNPS), ANSYS (ANSS), Splunk (SPLK), SS&C Technologies (SSNC), Tyler Technologies (TYL), Citrix Systems (CTXS), Fair Isaac (FICO), Nuance Communications (NUAN), FactSet Research Systems (FDS) and Pegasystems (PEGA).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Adobe investors own include NVIDIA (NVDA), Alibaba Group (BABA), Netflix (NFLX), salesforce.com (CRM), PayPal (PYPL), Mastercard (MA), The 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 a variety of institutional and retail investors. Top institutional investors include Clarus Group Inc. (0.14%), WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST (0.13%), Royal London Asset Management Ltd. (0.12%), Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (0.11%), Gateway Investment Advisers LLC (0.04%) and Retirement Systems of Alabama (0.04%). Company insiders that own Adobe stock include Abhay Parasnis, Ann Lewnes, Bryan Lamkin, Charles M Geschke, Dana Rao, Donna Morris, Gloria Chen, John E Warnock, John Francis Murphy, Mark S Garfield, Scott Belsky and Shantanu Narayen.
View institutional ownership trends for Adobe.

ADBE stock was sold by a variety of institutional investors in the last quarter, including FDx Advisors Inc., Retirement Systems of Alabama, Contravisory Investment Management Inc., UMB Bank N A MO, Exchange Traded Concepts LLC, Sanders Morris Harris LLC, Sanders Morris Harris LLC, and AMI Asset Management Corp. Company insiders that have sold Adobe company stock in the last year include Abhay Parasnis, Ann Lewnes, Bryan Lamkin, Dana Rao, Gloria Chen, John E Warnock, John Francis Murphy, Mark S Garfield, Scott Belsky, and Shantanu Narayen.
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ADBE stock was bought by a variety of institutional investors in the last quarter, including Clarus Group Inc., WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST, Royal London Asset Management Ltd., Loring Wolcott & Coolidge Fiduciary Advisors LLP MA, Country Trust Bank, DnB Asset Management AS, Everence Capital Management Inc., and FDx Advisors Inc..
View insider buying and selling activity for Adobe or or view top insider-buying stocks.

Shares of ADBE 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 $514.21.

Adobe has a market capitalization of $245.79 billion and generates $12.87 billion in revenue each year. The software company earns $5.26 billion in net income (profit) each year or $8.58 on an earnings per share basis.

Adobe employs 22,516 workers across the globe.

The following companies are subsidiares of Adobe: Accelio Corporation, Adobe Assets, Adobe Canada Services Corporation, Adobe Colombia SAS, Adobe Labs Inc., Adobe Research (Schweiz) AG, Adobe Software (Shanghai) Company Limited, Adobe Software Trading Company Limited, Adobe Systems (Schweiz) GmbH, Adobe Systems Belgium BVBA, Adobe Systems Benelux B.V., Adobe Systems Brasil Limitada, Adobe Systems Canada Inc., Adobe Systems Co. Ltd., 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 Holding Company Limited, 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., Adobe Visual Sciences LLC, Aldus Corp, Allegorithmic, Allegorithmic SAS, Amicima, Antepo, Ares Software, Auditude, Aviary, Behance, Behance Inc., Bizible Inc, BluePoint Technologies, Business Catalyst, Business Catalyst Systems Pty Ltd., Day Software, Demdex, DigiDox, Digital Analytix, Efficient Frontier, Emerald City Software, Fotiva, Fotolia, Fotolia Dutch Holding LLC, Fotolia LLC, Fotolia Netherlands Cooperatief U.A., Fotolia SARL, Frame Technology, GoLive Systems, GoodBarry, HyWay Ferranti, ICS “Adobe Systems” S.R.L., IRIDAS, Ideacodes, InterAKT, KyleBrush.com, Les Logiciels Allegorithmic Inc., Livefyre, Macromedia, MagenireCo Limited, Magento, Magento Commerce International Limited, Magento Ireland Limited, MagentoTech Inc., MagentoTech LLC, Marketo, Marketo Australia Pty Ltd, Marketo Canada Corporation, Marketo EMEA Limited, Marketo International Unlimited, Marketo Solutions Limited, Marketo Solutions Ltd., Milestone Holdco LLC, Milestone Intermediate Holdings Inc., Milestone Topco Inc., Mixamo, Navisware, Neolane, Nitobi Software, OCR Systems, OKYZ, Oculus Medium, Omniture, Omniture LLC, Photoshop, Pixmantec, Q-Link Technologies, Sandcastle, Sayspring, Scene7, Serious Magic, Shopial Ltd., Syntrillium Software, ToutApp Inc., Trade and Technologies France, TubeMogul, TubeMogul Inc., TubeMogul Information Technology (Chengdu) Co. Ltd., TubeMogul Latin America Holdings LLC, TubeMogul Ukraine LLC, Typekit, Virtual Ubiquity, Visual Sciences Technologies LLC, Workfront, X.commerce Inc., YaWah, and eSign Services.

Adobe was founded in 1982.

The official website for Adobe is www.adobe.com.

Adobe is headquartered at 345 PARK AVE, SAN JOSE CA, 95110.

Adobe's mailing address is 345 PARK AVE, SAN JOSE CA, 95110. The software company can be reached via phone at 408-536-6000 or via email at [email protected]