Adobe Stock Forecast, Price & News

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 "moderate buy" Adobe stock.
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27 analysts have issued 1 year price targets for Adobe's shares. Their ADBE stock forecasts range from $362.00 to $820.00. On average, they expect Adobe's share price to reach $489.31 in the next year. This suggests a possible upside of 33.2% from the stock's current price.
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Adobe's stock was trading at $567.06 on January 1st, 2022. Since then, ADBE stock has decreased by 35.2% and is now trading at $367.45.
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Adobe is scheduled to release its next quarterly earnings announcement on Tuesday, September 20th 2022.
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Adobe Inc. (NASDAQ:ADBE) issued its quarterly earnings data on Thursday, June, 16th. The software company reported $3.35 earnings per share for the quarter, beating analysts' consensus estimates of $3.31 by $0.04. Adobe had a net margin of 29.29% and a trailing twelve-month return on equity of 36.70%. During the same period in the prior year, the firm earned $2.56 EPS.
View Adobe's earnings history.

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

Adobe updated its third quarter 2022 earnings guidance on Thursday, June, 23rd. The company provided earnings per share (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.

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 (CRM), Intuit (INTU), Synopsys (SNPS), Cadence Design Systems (CDNS), Autodesk (ADSK), Workday (WDAY), ANSYS (ANSS), SS&C Technologies (SSNC), Splunk (SPLK), FactSet Research Systems (FDS), Tyler Technologies (TYL), Aspen Technology (AZPN), Citrix Systems (CTXS), Fair Isaac (FICO) and Manhattan Associates (MANH).
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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 (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 a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.15%), BlackRock Inc. (7.94%), State Street Corp (4.04%), Bank of New York Mellon Corp (1.65%), Polen Capital Management LLC (1.41%) and Fisher Asset Management LLC (1.38%). 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 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 Capital Research Global Investors, Wellington Management Group LLP, Bank of America Corp DE, Winslow Capital Management LLC, Arrowstreet Capital Limited Partnership, IMC Chicago LLC, State Street Corp, and Bank of New York Mellon Corp. Company insiders that have sold Adobe company stock in the last two years 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 Flossbach Von Storch AG, Polen Capital Management LLC, Baillie Gifford & Co., Findlay Park Partners LLP, Edgewood Management LLC, Fiera Capital Corp, Loomis Sayles & Co. L P, and AKO Capital LLP.
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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 $367.45.

Adobe (NASDAQ:ADBE) has a market capitalization of $173.62 billion and generates $15.79 billion in revenue each year. The software company earns $4.82 billion in net income (profit) each year or $10.239990 on an earnings per share basis.

Adobe employs 25,988 workers across the globe.

Adobe was founded in 1982.

Adobe's mailing address is 345 PARK AVE, SAN JOSE CA, 95110. The official website for Adobe is www.adobe.com. The software company can be reached via phone at (408) 536-6000, via email at [email protected], or via fax at 408-537-6000.