Adobe - ADBE Stock Forecast, Price & News

29 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last twelve months. 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.
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29 brokerages have issued 12 month target prices for Adobe's stock. Their ADBE share price forecasts range from $310.00 to $605.00. On average, they predict the company's share price to reach $405.42 in the next twelve months. This suggests a possible upside of 22.4% from the stock's current price.
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Adobe's stock was trading at $567.06 at the start of the year. Since then, ADBE stock has decreased by 41.6% and is now trading at $331.15.
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Adobe saw a drop in short interest in November. As of November 15th, there was short interest totaling 4,590,000 shares, a drop of 13.7% from the October 31st total of 5,320,000 shares. Based on an average daily volume of 4,350,000 shares, the short-interest ratio is currently 1.1 days. Approximately 1.0% of the company's stock are short sold.
View Adobe's Short Interest.

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 quarterly earnings data on Thursday, September, 15th. The software company reported $2.63 EPS for the quarter, missing analysts' consensus estimates 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 trailing twelve-month return on equity of 36.49% and a net margin of 28.00%. Adobe's revenue for the quarter was up 12.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.65 earnings per share.
Read the conference call transcript.

Adobe declared that its Board of Directors has approved a share repurchase plan 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 reacquire up to 6.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its shares are undervalued.

Adobe updated its fourth quarter 2022 earnings guidance on Thursday, November, 3rd. The company provided earnings per share guidance of $3.50-$3.50 for the period, compared to the consensus earnings per share estimate of $3.50. The company issued revenue guidance of $4.52 billion-$4.52 billion, compared to the consensus revenue estimate of $4.53 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 investors include Vanguard Group Inc. (8.43%), State Street Corp (4.01%), Bank of New York Mellon Corp (1.62%), Polen Capital Management LLC (1.49%), Primecap Management Co. CA (1.38%) and Massachusetts Financial Services Co. MA (1.18%). 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.
View institutional ownership trends.

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 $331.15.

Adobe (NASDAQ:ADBE) has a market capitalization of $153.95 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.