Adobe Stock Forecast, Price & News

27 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last year. There are currently 6 hold ratings and 21 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Adobe stock.
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27 analysts have issued 12 month price targets for Adobe's stock. 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 twelve months. This suggests a possible upside of 27.8% from the stock's current price.
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Adobe's stock was trading at $567.06 at the beginning of 2022. Since then, ADBE stock has decreased by 32.5% and is now trading at $382.83.
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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) announced its earnings results on Thursday, June, 16th. The software company reported $3.35 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.04. Adobe had a trailing twelve-month return on equity of 36.70% and a net margin of 29.29%. During the same period in the prior year, the firm earned $2.56 EPS.
View Adobe's earnings history.

Adobe declared that its Board of Directors has initiated a stock 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 repurchase up to 6.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's leadership believes its shares are undervalued.

Adobe issued an update on its third quarter 2022 earnings guidance on Thursday, June, 30th. The company provided EPS guidance of $3.33-$3.33 for the period, compared to the consensus earnings per share 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), FactSet Research Systems (FDS), Splunk (SPLK), SS&C Technologies (SSNC), 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 many different institutional and retail investors. Top institutional shareholders include Capital Investment Services of America Inc. (0.01%), Marshall & Sullivan Inc. WA (0.00%), Parsec Financial Management Inc. (0.00%), Park National Corp OH (0.00%), Sage Capital Advisors llc (0.00%) and Enterprise Bank & Trust Co (0.00%). 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 Park National Corp OH, Sage Capital Advisors llc, and Enterprise Bank & Trust Co. 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 acquired by a variety of institutional investors in the last quarter, including Parsec Financial Management Inc., Capital Investment Services of America Inc., Adirondack Trust Co., Marshall & Sullivan Inc. WA, Somerset Trust Co, Capital Investment Advisors LLC, Centric Wealth Management, and GoalVest Advisory LLC.
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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 $382.83.

Adobe (NASDAQ:ADBE) has a market capitalization of $179.16 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.

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 ir@adobe.com, or via fax at 408-537-6000.