Adobe Stock Forecast, Price & News

27 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last year. There are currently 5 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street 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) issued its earnings results on Wednesday, June, 16th. The software company reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.22. The software company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.73 billion. Adobe had a net margin of 38.79% and a trailing twelve-month return on equity of 36.65%. The business's revenue was up 22.7% on a year-over-year basis. During the same quarter last year, the firm posted $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. Since then, ADBE stock has increased by 82.2% and is now trading at $574.23.
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Adobe declared that its Board of Directors has authorized a share repurchase plan on Thursday, December 10th 2020, which permits the company to repurchase $15,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 6.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

Adobe issued an update on its third quarter 2021 earnings guidance on Thursday, June, 24th. The company provided earnings per share (EPS) guidance of $3.000-3.000 for the period, compared to the Thomson Reuters consensus EPS 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.

27 brokerages have issued 12-month price targets for Adobe's shares. Their forecasts range from $500.00 to $665.00. On average, they expect Adobe's stock price to reach $604.84 in the next twelve months. This suggests a possible upside of 5.3% from the stock's current price.
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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), SS&C Technologies (SSNC), Tyler Technologies (TYL), 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 BlackRock Inc. (7.88%), Bank of New York Mellon Corp (1.79%), Geode Capital Management LLC (1.68%), Primecap Management Co. CA (1.61%), Janus Henderson Group PLC (1.52%) and Morgan Stanley (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.

ADBE stock was sold by a variety of institutional investors in the last quarter, including Sands Capital Management LLC, Price T Rowe Associates Inc. MD, Primecap Management Co. CA, Jennison Associates LLC, Jackson Square Partners LLC, Nuveen Asset Management LLC, Suvretta Capital Management LLC, and APG Asset Management N.V.. 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.
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ADBE stock was purchased by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Clarus Group Inc., Lone Pine Capital LLC, Janus Henderson Group PLC, Lazard Asset Management LLC, Brown Advisory Inc., Edgewood Management LLC, and Akre Capital Management 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 $574.23.

Adobe has a market capitalization of $274.48 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, 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, 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.

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]