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Adobe - ADBE Stock Forecast, Price & News

$434.34
+0.91 (+0.21%)
(As of 08/8/2022 12:00 AM ET)
Add
Compare
Today's Range
$432.48
$440.30
50-Day Range
$360.79
$441.28
52-Week Range
$338.00
$699.54
Volume
2.19 million shs
Average Volume
3.42 million shs
Market Capitalization
$203.27 billion
P/E Ratio
42.42
Dividend Yield
N/A
Price Target
$489.31

Adobe MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.78 Rating Score
Upside/​Downside
12.7% Upside
$489.31 Price Target
Short Interest
Healthy
1.22% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.55
Upright™ Environmental Score
News Sentiment
0.36mentions of Adobe in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$1.44 M Sold Last Quarter
Proj. Earnings Growth
17.29%
From $10.99 to $12.89 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.70 out of 5 stars

Computer And Technology Sector

121st out of 833 stocks

Prepackaged Software Industry

29th out of 269 stocks

ADBE stock logo

About Adobe (NASDAQ:ADBE) Stock

Adobe Inc. operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform. Its flagship product is Creative Cloud, a subscription service that allows members to access its creative products. This segment serves content creators, workers, marketers, educators, enthusiasts, communicators, and consumers. The Digital Experience segment provides an integrated platform and set of applications and services that enable brands and businesses to create, manage, execute, measure, monetize, and optimize customer experiences from analytics to commerce. This segment serves marketers, advertisers, agencies, publishers, merchandisers, merchants, web analysts, data scientists, developers, and executives across the C-suite. The 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 Advertising Cloud offerings. 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 original equipment manufacturers. The company was formerly known as Adobe Systems Incorporated and changed its name to Adobe Inc. in October 2018. Adobe Inc. was founded in 1982 and is headquartered in San Jose, California.

Adobe Stock Performance

ADBE Stock traded up $5.27 during midday trading on Monday, hitting $438.70. 20,723 shares of the stock traded hands, compared to its average volume of 3,403,666. The firm has a market cap of $205.31 billion, a P/E ratio of 42.33, a PEG ratio of 2.39 and a beta of 1.12. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.07 and a quick ratio of 1.07. The stock's fifty day simple moving average is $392.99 and its 200-day simple moving average is $426.52. Adobe has a 1-year low of $338.00 and a 1-year high of $699.54.

Adobe (NASDAQ:ADBE - Get Rating) last released its quarterly earnings results on Thursday, June 16th. The software company reported $2.70 EPS for the quarter, beating the consensus estimate of $2.65 by $0.05. The company had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.34 billion. Adobe had a net margin of 29.29% and a return on equity of 36.70%. During the same quarter last year, the business earned $2.56 earnings per share. On average, analysts expect that Adobe will post 10.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ADBE has been the topic of several research analyst reports. Credit Suisse Group decreased their price target on shares of Adobe from $525.00 to $425.00 and set a "neutral" rating on the stock in a research note on Friday, June 17th. BMO Capital Markets initiated coverage on shares of Adobe in a research note on Friday, June 17th. They issued a "buy" rating and a $420.00 price target on the stock. Mizuho decreased their price target on shares of Adobe from $530.00 to $480.00 and set a "buy" rating on the stock in a research note on Friday, June 17th. Royal Bank of Canada reduced their target price on shares of Adobe from $600.00 to $500.00 and set an "outperform" rating on the stock in a report on Tuesday, June 14th. Finally, Wolfe Research reduced their target price on shares of Adobe from $500.00 to $400.00 and set an "outperform" rating on the stock in a report on Friday, June 17th. Six analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $489.31.

Insider Activity at Adobe

In related news, EVP Scott Belsky sold 2,711 shares of the firm's stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $393.58, for a total transaction of $1,066,995.38. Following the sale, the executive vice president now owns 26,089 shares in the company, valued at $10,268,108.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Adobe news, EVP Scott Belsky sold 2,711 shares of the stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $393.58, for a total transaction of $1,066,995.38. Following the transaction, the executive vice president now directly owns 26,089 shares of the company's stock, valued at $10,268,108.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CMO Ann Lewnes sold 794 shares of the stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $400.00, for a total transaction of $317,600.00. Following the transaction, the chief marketing officer now directly owns 23,988 shares in the company, valued at $9,595,200. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,637 shares of company stock worth $1,438,682. 0.23% of the stock is owned by company insiders.

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ADBE Stock News Headlines

Adobe Stock, Why some investors are bullish, and others are not
Adobe has strong profitability and good ratings from analysts. However, the company's valuation and growth prospects are sub-par.
3 Mega Cap Tech Stocks to Mega Consider (ADBE)
Of the roughly 30 U.S. mega cap stocks, some are looking more attractive than others. For however long the recovery takes, these three technology names are built to weather the storm and climb to new heights.
How Low Can DocuSign Stock Go? (ADBE)
Digital signature cloud company DocuSign (NASDAQ: DOCU) stock has fallen (-60%) and lost its CEO in this year’s bear market. The enterprise e-signature business took an unexpected jolt higher during the pandemic lockdowns
What Are Whales Doing With Adobe
What Are Whales Doing With Adobe - Benzinga
The 4 Best Nasdaq 100 Stocks to Buy
Adobe Inc. (NASDAQ:ADBE) EVP Scott Belsky Sells 2,711 Shares
Adobe (NASDAQ:ADBE) Upgraded to "Buy" by StockNews.com
3 High-Margin Businesses That Can Absorb Inflation
See More Headlines
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ADBE Company Calendar

Last Earnings
6/16/2022
Today
8/08/2022
Next Earnings (Estimated)
9/20/2022
Fiscal Year End
11/30/2022

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Application Software
Current Symbol
NASDAQ:ADBE
CUSIP
00724F10
Employees
25,988
Year Founded
1982

Price Target and Rating

Average Stock Price Forecast
$489.31
High Stock Price Forecast
$820.00
Low Stock Price Forecast
$362.00
Forecasted Upside/Downside
+12.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.78
Research Coverage
27 Analysts

Profitability

Net Income
$4.82 billion
Pretax Margin
35.47%

Debt

Sales & Book Value

Annual Sales
$15.79 billion
Cash Flow
$12.45 per share
Book Value
$31.06 per share

Miscellaneous

Free Float
466,924,000
Market Cap
$203.27 billion
Optionable
Optionable
Beta
1.12

Social Links















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 twelve months. There are currently 6 hold ratings and 21 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ADBE shares.
View ADBE analyst ratings
or view top-rated stocks.

What is Adobe's stock price forecast for 2022?

27 Wall Street research analysts have issued 12 month target prices for Adobe's shares. Their ADBE stock forecasts range from $362.00 to $820.00. On average, they anticipate the company's stock price to reach $489.31 in the next twelve months. This suggests a possible upside of 12.9% from the stock's current price.
View analysts price targets for ADBE
or view top-rated stocks among Wall Street analysts.

How has Adobe's stock price performed in 2022?

Adobe's stock was trading at $567.06 at the beginning of 2022. Since then, ADBE shares have decreased by 23.5% and is now trading at $433.53.
View the best growth stocks for 2022 here
.

When is Adobe's next earnings date?

Adobe is scheduled to release its next quarterly earnings announcement on Tuesday, September 20th 2022.
View our ADBE earnings forecast
.

How were Adobe's earnings last quarter?

Adobe Inc. (NASDAQ:ADBE) issued its earnings results on Thursday, June, 16th. The software company reported $2.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.65 by $0.05. The software company had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.34 billion. Adobe had a trailing twelve-month return on equity of 36.70% and a net margin of 29.29%. During the same period last year, the business earned $2.56 EPS.
Read the conference call transcript
.

How will Adobe's stock buyback program work?

Adobe announced that its Board of Directors has initiated a share repurchase program on Thursday, December 10th 2020, which allows the company to buyback $15,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 6.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

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

Adobe issued an update on its third quarter 2022 earnings guidance on Thursday, July, 14th. The company provided EPS guidance of $3.33-$3.33 for the period, compared to the consensus estimate of $3.40. The company issued revenue guidance of $4.43 billion-$4.43 billion, compared to the consensus revenue estimate of $4.51 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."

Who are Adobe's major shareholders?

Adobe's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Jennison Associates LLC (0.97%), Brown Advisory Inc. (0.51%), Parnassus Investments LLC (0.43%), Sumitomo Mitsui Trust Holdings Inc. (0.36%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (0.20%) and Baillie Gifford & Co. (0.20%). Insiders that own company stock include Abhay Parasnis, Ann Lewnes, Bryan Lamkin, Charles M Geschke, Dana Rao, 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
.

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 $433.53.

How much money does Adobe make?

Adobe (NASDAQ:ADBE) has a market capitalization of $202.89 billion and generates $15.79 billion in revenue each year. The software company earns $4.82 billion in net income (profit) each year or $10.24 on an earnings per share basis.

How many employees does Adobe have?

Adobe employs 25,988 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

When was Adobe founded?

Adobe was founded in 1982.

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 8/8/2022 by MarketBeat.com Staff

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