NASDAQ:ADBE

Adobe Stock Forecast, Price & News

Searched 578 Times

$469.57

+9.90 (+2.15 %)

(As of 03/1/2021 12:00 AM ET)

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Today's Range

$462.65

Now: $469.57▼

$470.50

50-Day Range

$456.50

MA: $476.01▼

$501.64

52-Week Range

$255.13

Now: $469.57▼

$536.88

Volume2.35 million shs

Average Volume2.67 million shs

Market Capitalization$225.26 billion

P/E Ratio43.32

Dividend YieldN/A

Beta0.97

Adobe Inc. operates as a diversified software company worldwide. Its Digital Media segment provides tools and solutions that enable individuals, teams, and enterprises to create, publish, promote, and monetize their digital content. Its flagship product is Creative Cloud, a subscription service that allows customer to download and access the latest versions of its creative products. This segment serves content creators, experience designers, app developers, enthusiasts, students, social media users, and creative professionals; and marketing departments and agencies, companies, and publishers. The company's Digital Experience segment offers products, services, and solutions for creating, managing, executing, measuring, monetizing, and optimizing customer experiences from analytics to commerce. This segment serves marketers, advertisers, agencies, publishers, merchandisers, merchants, web analysts, data scientists, developers, marketing executives, information management and technology executives, product development executives, and sales and support executives. Its 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 publishing needs of technical and business, and original equipment manufacturers (OEMs) printing businesses. 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 OEMs. The company was formerly known as Adobe Systems Incorporated and changed its name to Adobe Inc. in October 2018. The company was founded in 1982 and is headquartered in San Jose, California.

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Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Prepackaged software

Sub-IndustryApplication Software

SectorComputer and Technology

Current SymbolNASDAQ:ADBE

Previous Symbol

CUSIP00724F10

CIK796343

Webwww.adobe.com

Phone408-536-6000

Employees22,516

Year Founded1982

Debt

Debt-to-Equity Ratio0.31

Current Ratio1.48

Quick Ratio1.44

Price-To-Earnings

Trailing P/E Ratio43.32

Forward P/E Ratio49.59

P/E Growth2.55

Sales & Book Value

Annual Sales$12.87 billion

Price / Sales17.51

Cash Flow$9.26 per share

Price / Cash Flow50.69

Book Value$27.65 per share

Price / Book16.98

Profitability

EPS (Most Recent Fiscal Year)$8.58

Net Income$5.26 billion

Net Margins40.88%

Return on Equity35.81%

Return on Assets18.53%

Miscellaneous

Outstanding Shares479,719,000

Market Cap$225.26 billion

Next Earnings Date3/11/2021 (Estimated)

OptionableOptionable

MarketRank^™

Overall MarketRank^™

2.12 out of 5 stars

Computer And Technology Sector

52nd out of 1,527 stocks

Prepackaged Software Industry

8th out of 285 stocks

3.4 Analyst's Opinion

Consensus Rating
Adobe has received a consensus rating of Buy. The company's average rating score is 2.88, and is based on 22 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $531.68, Adobe has a forecasted upside of 13.2% from its current price of $469.57.
Amount of Analyst Coverage
Adobe has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0 Community Rank

Outperform Votes
Adobe has received 1,480 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Adobe has received 1,008 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Adobe has received 59.49% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Adobe and other stocks. Vote “Outperform” if you believe ADBE will outperform the S&P 500 over the long term. Vote “Underperform” if you believe ADBE will underperform the S&P 500 over the long term. You may vote once every thirty days.

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.

1.7 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 $53,715,598.00 in company stock.
Percentage Held by Insiders
Only 0.31% of the stock of Adobe is held by insiders.
Percentage Held by Institutions
82.43% 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 18.06% in the coming year, from $9.47 to $11.18 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Adobe is 43.32, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 32.55.
Price to Earnings Ratio vs. Sector
The P/E ratio of Adobe is 43.32, 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 71.96.
Price to Earnings Growth Ratio
Adobe has a PEG Ratio of 2.55. 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 16.98. 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

$469.57

+9.90 (+2.15 %)

(As of 03/1/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Adobe (NASDAQ:ADBE) Frequently Asked Questions

Is Adobe a buy right now?

25 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last twelve months. There are currently 3 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Adobe stock.
View analyst ratings for Adobe or view top-rated stocks.

What stocks does MarketBeat like better than Adobe?

Wall Street analysts have given Adobe a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Adobe wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Adobe's next earnings date?

Adobe is scheduled to release its next quarterly earnings announcement on Thursday, March 11th 2021.
View our earnings forecast for Adobe.

How were Adobe's earnings last quarter?

Adobe Inc. (NASDAQ:ADBE) released its quarterly earnings results on Wednesday, December, 9th. The software company reported $2.81 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $2.66 by $0.15. The software company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.36 billion. Adobe had a net margin of 40.88% and a trailing twelve-month return on equity of 35.81%. Adobe's revenue was up 14.4% compared to the same quarter last year. During the same period last year, the firm earned $2.29 EPS.
View Adobe's earnings history.

How has Adobe's stock been impacted by COVID-19 (Coronavirus)?

Adobe's stock was trading at $315.23 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, ADBE shares have increased by 49.0% and is now trading at $469.57.
View which stocks have been most impacted by COVID-19.

How will Adobe's stock buyback program work?

Adobe declared that its board has approved a share repurchase program on Thursday, December 10th 2020, which authorizes the company to repurchase $15,000,000,000.00 in 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 leadership believes its shares are undervalued.

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

Adobe updated its FY21 earnings guidance on Thursday, December, 10th. The company provided EPS guidance of ~$11.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $11.14. The company issued revenue guidance of ~$15.15 billion, compared to the consensus revenue estimate of $14.77 billion.

What price target have analysts set for ADBE?

25 equities research analysts have issued twelve-month price targets for Adobe's shares. Their forecasts range from $350.00 to $605.00. On average, they anticipate Adobe's share price to reach $531.68 in the next twelve months. This suggests a possible upside of 13.2% from the stock's current price.
View analysts' price targets for Adobe or view top-rated stocks among Wall Street analysts.

Who are Adobe's key executives?

Adobe's management team includes the following people:

Mr. Shantanu Narayen, Chairman, Pres & CEO (Age 57, Pay $2.12M)
Dr. Charles M. Geschke, Co-Founder & Director Emeritus (Age 82, Pay $60k)
Mr. John F. Murphy, Exec. VP & CFO (Age 52, Pay $857.33k) (LinkedIn Profile)
Mr. Abhay Parasnis, Exec. VP, CTO & Chief Product Officer of Document Cloud (Age 46, Pay $893.75k) (LinkedIn Profile)
Mr. Bryan Lamkin, Exec. VP & GM of Digital Media (Age 60, Pay $974.44k) (LinkedIn Profile)
Mr. Scott K. Belsky, Chief Product Officer & Exec. VP of Creative Cloud (Age 41, Pay $819.88k) (LinkedIn Profile)
Mr. Mark S. Garfield, VP, Chief Accounting Officer & Corp. Controller (Age 50)
Ms. Cynthia A. Stoddard, Sr. VP & Chief Information Officer (Age 64)
Mr. Jonathan Vaas, VP of Investor Relations
Mr. Dana Rao, Exec. VP, Gen. Counsel & Corp. Sec. (Age 51) (LinkedIn Profile)

What is Shantanu Narayen's approval rating as Adobe's CEO?

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.

Who are some of Adobe's key competitors?

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), Tyler Technologies (TYL), SS&C Technologies (SSNC), Citrix Systems (CTXS), Fair Isaac (FICO), Nuance Communications (NUAN), FactSet Research Systems (FDS) and Pegasystems (PEGA).
View all of ADBE's competitors.

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.com (CRM), PayPal (PYPL), Mastercard (MA), The 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 variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.87%), FMR LLC (5.52%), Primecap Management Co. CA (1.80%), Bank of New York Mellon Corp (1.77%), Jennison Associates LLC (1.48%) and Janus Henderson Group PLC (1.41%). 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.

Which major investors are selling Adobe stock?

ADBE stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Primecap Management Co. CA, UBS Asset Management Americas Inc., Price T Rowe Associates Inc. MD, DSM Capital Partners LLC, Nuveen Asset Management LLC, First Trust Advisors LP, and Close Asset Management Ltd. 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.
View insider buying and selling activity for Adobe or view top insider-selling stocks.

Which major investors are buying Adobe stock?

ADBE stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Morgan Stanley, Brown Advisory Inc., Lone Pine Capital LLC, Fisher Asset Management LLC, Bessemer Group Inc., Vontobel Holding Ltd., and Alyeska Investment Group L.P..
View insider buying and selling activity for Adobe or or view top insider-buying stocks.

How do I buy shares of Adobe?

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.
Compare Top Brokerages Here.

What is Adobe's stock price today?

One share of ADBE stock can currently be purchased for approximately $469.57.

How much money does Adobe make?

Adobe has a market capitalization of $225.26 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.

How many employees does Adobe have?

Adobe employs 22,516 workers across the globe.

Does Adobe have any subsidiaries?

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.

When was Adobe founded?

Adobe was founded in 1982.

What is Adobe's official website?

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

Where are Adobe's headquarters?

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

How can I contact Adobe?

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]

This page was last updated on 3/1/2021 by MarketBeat.com Staff

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