Adobe Stock Forecast, Price & News

26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last year. There are currently 4 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Adobe stock.
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Wall Street analysts have given Adobe a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Adobe wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Adobe is scheduled to release its next quarterly earnings announcement on Tuesday, September 21st 2021.
View our earnings forecast for Adobe.

Adobe Inc. (NASDAQ:ADBE) posted its quarterly earnings data on Wednesday, June, 16th. The software company reported $3.03 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $2.81 by $0.22. The software company earned $3.84 billion during the quarter, compared to analyst estimates of $3.73 billion. Adobe had a net margin of 38.79% and a trailing twelve-month return on equity of 35.94%. The business's quarterly revenue was up 22.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.45 EPS.
View Adobe's earnings history.

Adobe's stock was trading at $315.23 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ADBE shares have increased by 96.1% and is now trading at $618.28.
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Adobe declared that its board has initiated a share buyback plan on Thursday, December 10th 2020, which allows the company to buyback $15,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 6.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Adobe updated its third quarter 2021 earnings guidance on Thursday, July, 15th. The company provided EPS guidance of $3.000-$3.000 for the period, compared to the Thomson Reuters consensus estimate of $2.890. The company issued revenue guidance of $3.88 billion-$3.88 billion, compared to the consensus revenue estimate of $3.83 billion.

26 brokers have issued 12 month target prices for Adobe's stock. Their forecasts range from $500.00 to $665.00. On average, they anticipate Adobe's share price to reach $606.08 in the next twelve months. This suggests that the stock has a possible downside of 2.0%.
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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), Synopsys (SNPS), Cadence Design Systems (CDNS), ANSYS (ANSS), Splunk (SPLK), Tyler Technologies (TYL), SS&C Technologies (SSNC), Nuance Communications (NUAN), Fair Isaac (FICO), Citrix Systems (CTXS), 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 many different institutional and retail investors. Top institutional shareholders include TCW Group Inc. (0.16%), Family Capital Trust Co (0.06%), Bristol John W & Co. Inc. NY (0.03%), Harel Insurance Investments & Financial Services Ltd. (0.03%), Oregon Public Employees Retirement Fund (0.02%) and State of Alaska Department of Revenue (0.02%). 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, Marshall Kiev, 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 Oregon Public Employees Retirement Fund, Family Capital Trust Co, TCW Group Inc., Alpha Cubed Investments LLC, Lathrop Investment Management Corp, Bristol John W & Co. Inc. NY, Patten & Patten Inc. TN, and Harel Insurance Investments & Financial Services 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.

ADBE stock was purchased by a variety of institutional investors in the last quarter, including Manning & Napier Group LLC, State of Alaska Department of Revenue, TIAA FSB, IFM Investors Pty Ltd, Heritage Wealth Advisors, Transform Wealth LLC, Vancity Investment Management Ltd, and Welch & Forbes LLC.
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 $618.28.

Adobe has a market capitalization of $294.55 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 LLC, Adobe Canada Services Corporation, Adobe Colombia SAS, 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., 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., Frame Technology, GoLive Systems, GoodBarry, HyWay Ferranti, ICS “Adobe Systems” S.R.L., IRIDAS, Ideacodes, InterAKT, KyleBrush.com, LLC "TubeMogul Ukraine", LLC "X.Commerce Development Center", Livefyre, Macromedia, Magento, 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, Omniture LLC, Photoshop, Pixmantec, Q-Link Technologies, Sandcastle, Sayspring, Scene7, Serious Magic, Shopial Ltd., Subsidiary Legal Name, Syntrillium Software, ToutApp Inc., Trade and Technologies France, TubeMogul, TubeMogul Inc., Typekit, Virtual Ubiquity, 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]