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AMD   77.63 (+5.78%)
T   19.28 (+1.42%)
MU   57.65 (+4.59%)
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GE   85.97 (+0.36%)
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PYPL   78.41 (+0.99%)
PFE   50.13 (+1.29%)
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Adobe - ADBE Stock Forecast, Price & News

$344.93
+18.15 (+5.55%)
(As of 11/30/2022 12:00 AM ET)
Add
Compare
Today's Range
$326.38
$345.03
50-Day Range
$275.20
$345.96
52-Week Range
$274.73
$694.89
Volume
4.87 million shs
Average Volume
3.60 million shs
Market Capitalization
$160.36 billion
P/E Ratio
34.02
Dividend Yield
N/A
Price Target
$405.42

Adobe MarketRank™ Forecast

Analyst Rating
Hold
2.45 Rating Score
Upside/​Downside
17.7% Upside
$405.42 Price Target
Short Interest
Healthy
0.99% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.55
Upright™ Environmental Score
News Sentiment
0.32mentions of Adobe in the last 14 days
Based on 25 Articles This Week
Insider Trading
Selling Shares
$7.69 M Sold Last Quarter
Proj. Earnings Growth
10.08%
From $11.11 to $12.23 Per Share

Overall MarketRank

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

2.98 out of 5 stars

Computer And Technology Sector

48th out of 632 stocks

Prepackaged Software Industry

16th out of 218 stocks

ADBE stock logo

About Adobe (NASDAQ:ADBE) Stock

Adobe, Inc. engages in the provision of digital marketing and media solutions. It operates through the following segments: Digital Media, Digital Experience, and Publishing. The Digital Media segment offers creative cloud services, which allow members to download and install the latest versions of products, such as Adobe Photoshop, Adobe Illustrator, Adobe Premiere Pro, Adobe Photoshop Lightroom and Adobe InDesign, as well as utilize other tools, such as Adobe Acrobat. The Digital Experience segment provides solutions, including analytics, social marketing, targeting, media optimization, digital experience management, and cross-channel campaign management, as well as premium video delivery and monetization. The Publishing segment includes legacy products and services for eLearning solutions, technical document publishing, web application development, and high-end printing. The company was founded by Charles M. Geschke and John E. Warnock in December 1982 and is headquartered in San Jose, CA.

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ADBE Stock News Headlines

Zoom Video Continues to Work Through Normalization (ADBE)
Zoom Video (NASDAQ: ZM) has gone from an obscure but easy-to-use video communications platform to becoming a verb synonymous with video conferencing
Cyber Monday deals lure in consumers amid high inflation
Days after flocking to stores on Black Friday, consumers are turning online for Cyber Monday to score more discounts on gifts and other items that have ballooned in price because of high inflation
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Inflation hovers over shoppers seeking deals on Black Friday
Shoppers eager to start holiday shopping but weighed down by inflation are hunting for the best deals at stores and online this Black Friday
Inflation hovers over shoppers heading into Black Friday
Black Friday marks a return to familiar holiday shopping patterns, but inflation is weighing on consumers
Holiday shopping kicks off with inflation dampening spirits
While Black Friday will mark a return to familiar holiday shopping patterns, uncertainty still remains
Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges (ADBE)
Salesforce, climbing out of a rough spot, still may not make the best short-term investment. In the future, it could make a big move.
Is The Meta Platforms Stock Meltdown a Rare Buying Opportunity? (ADBE)
Social media developer Meta Platforms (NASDAQ: META) stock took a (-24%) cliff dive after its Q3 2022 earnings miss. While the earnings miss
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3 Stocks Primed to Break Out in 2023
Black Friday Online Sales Reach $9.12 Bln
Online Sales Mostly Flat Ahead of Black Friday, Adobe Says
See More Headlines
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ADBE Company Calendar

Last Earnings
9/15/2022
Today
11/30/2022
Fiscal Year End
11/30/2022
Next Earnings (Estimated)
12/15/2022

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
$405.42
High Stock Price Forecast
$605.00
Low Stock Price Forecast
$310.00
Forecasted Upside/Downside
+17.5%
Consensus Rating
Hold
Rating Score (0-4)
2.45
Research Coverage
29 Analysts

Profitability

Net Income
$4.82 billion
Pretax Margin
34.66%

Debt

Sales & Book Value

Annual Sales
$15.79 billion
Cash Flow
$13.02 per share
Book Value
$31.06 per share

Miscellaneous

Free Float
463,831,000
Market Cap
$160.36 billion
Optionable
Optionable
Beta
1.26

Social Links


Key Executives

  • Shantanu NarayenShantanu Narayen
    Chairman, President & Chief Executive Officer
  • Daniel J. Durn
    CFO, EVP-Finance, Technology Services & Operations
  • Cynthia A. Stoddard
    Chief Information Officer & Senior Vice President
  • Dana RaoDana Rao
    Chief Trust Officer, EVP & General Counsel
  • Gloria ChenGloria Chen
    Chief People Officer & Executive Vice President













ADBE Stock - Frequently Asked Questions

Should I buy or sell Adobe stock right now?

29 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last year. There are currently 16 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ADBE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ADBE, but not buy additional shares or sell existing shares.
View ADBE analyst ratings
or view top-rated stocks.

What is Adobe's stock price forecast for 2023?

29 Wall Street analysts have issued 12-month price targets for Adobe's stock. Their ADBE share price forecasts range from $310.00 to $605.00. On average, they anticipate the company's share price to reach $405.42 in the next twelve months. This suggests a possible upside of 20.6% from the stock's current price.
View analysts price targets for ADBE
or view top-rated stocks among Wall Street analysts.

How have ADBE shares performed in 2022?

Adobe's stock was trading at $567.06 at the start of the year. Since then, ADBE stock has decreased by 40.7% and is now trading at $336.12.
View the best growth stocks for 2022 here
.

Are investors shorting Adobe?

Adobe saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 4,590,000 shares, a decline of 13.7% from the October 31st total of 5,320,000 shares. Based on an average daily volume of 4,350,000 shares, the short-interest ratio is presently 1.1 days. Approximately 1.0% of the shares of the stock are short sold.
View Adobe's Short Interest
.

When is Adobe's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, December 15th 2022.
View our ADBE earnings forecast
.

How were Adobe's earnings last quarter?

Adobe Inc. (NASDAQ:ADBE) released its quarterly earnings data on Thursday, September, 15th. The software company reported $2.63 earnings per share for the quarter, missing analysts' consensus estimates of $2.65 by $0.02. The software company earned $4.43 billion during the quarter, compared to the consensus estimate of $4.44 billion. Adobe had a net margin of 28.00% and a trailing twelve-month return on equity of 36.49%. The firm's quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.65 earnings per share.
Read the conference call transcript
.

How will Adobe's stock buyback program work?

Adobe announced that its Board of Directors has approved a stock buyback plan on Thursday, December 10th 2020, which authorizes the company to repurchase $15,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 6.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

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

Adobe updated its fourth quarter 2022 earnings guidance on Thursday, November, 3rd. The company provided EPS guidance of $3.50-$3.50 for the period, compared to the consensus EPS estimate of $3.50. The company issued revenue guidance of $4.52 billion-$4.52 billion, compared to the consensus revenue estimate of $4.53 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 investors include Vanguard Group Inc. (8.43%), State Street Corp (4.01%), Bank of New York Mellon Corp (1.62%), Polen Capital Management LLC (1.49%), Primecap Management Co. CA (1.38%) and Massachusetts Financial Services Co. MA (1.18%). Insiders that own company stock include Abhay Parasnis, Ann Lewnes, Bryan Lamkin, Charles M Geschke, Dana Rao, Daniel Durn, David A Ricks, 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 $336.12.

How much money does Adobe make?

Adobe (NASDAQ:ADBE) has a market capitalization of $156.26 billion and generates $15.79 billion in revenue each year. The software company earns $4.82 billion in net income (profit) each year or $10.14 on an earnings per share basis.

How many employees does Adobe have?

The company 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
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 11/30/2022 by MarketBeat.com Staff