NASDAQ:ADBE

Adobe - ADBE Stock Forecast, Price & News

$275.20

-3.05 (-1.10%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $274.85
▼
$284.29
50-Day Range: $275.20
▼
$451.02
52-Week Range: $274.73
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$699.54

Volume: 4.58 million shs
Average Volume: 5.86 million shs
Market Capitalization: $127.94 billion

P/E Ratio: 27.14
Dividend Yield: N/A
Price Target: $427.11

Adobe MarketRank™ Forecast

Analyst Rating: Hold
2.47 Rating Score
Upside/Downside: 55.2% Upside
$427.11 Price Target
Short Interest: Healthy
1.00% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.55
Upright™ Environmental Score
News Sentiment: 0.28
Based on 45 Articles This Week
Insider Trading: Balanced
Insiders Both Buying and Selling
Proj. Earnings Growth: 13.40%
From $11.12 to $12.61 Per Share

Overall MarketRank^™

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

3.19 out of 5 stars

Computer And Technology Sector

26th out of 650 stocks

Prepackaged Software Industry

7th out of 227 stocks

4.2

Analyst's Opinion

Consensus Rating
Adobe has received a consensus rating of Hold. The company's average rating score is 2.47, and is based on 14 buy ratings, 16 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $427.11, Adobe has a forecasted upside of 55.2% from its current price of $275.20.
Amount of Analyst Coverage
Adobe has been the subject of 21 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
1.00% of the float of Adobe has been sold short.
Short Interest Ratio / Days to Cover
Adobe has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Adobe has recently decreased by 7.04%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Adobe does not currently pay a dividend.
Dividend Growth
Adobe does not have a long track record of dividend growth.

3.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Adobe has received a 34.38% net impact score from Upright. Adobe seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Jobs". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Collaboration software", "Integrated development environments", and "Photograph editing software" products. See details.
Environmental Sustainability
The Environmental Impact score for Adobe is -0.55.

3.5

News and Social Media Coverage

News Sentiment
Adobe has a news sentiment score of 0.28. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.54 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 45 news articles for Adobe this week, compared to 14 articles on an average week.
Social Mentions This Week
MarketBeat has tracked 5 reddit mentions for Adobe this week, compared to 3 mentions on an average week.
Search Interest
153 people have searched for ADBE on MarketBeat in the last 30 days. This is an increase of 84% compared to the previous 30 days.
MarketBeat Follows
80 people have added Adobe to their MarketBeat watchlist in the last 30 days. This is an increase of 29% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Adobe insiders have sold just slightly more of their company's stock than they have bought. Specifically, they have bought $1,273,030.00 in company stock and sold $1,477,562.00 in company stock. It is common for insiders to sell company stock at intervals simply to diversify their holdings.
Percentage Held by Insiders
Only 0.23% of the stock of Adobe is held by insiders.
Percentage Held by Institutions
80.75% of the stock of Adobe is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Adobe are expected to grow by 13.40% in the coming year, from $11.12 to $12.61 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Adobe is 27.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.88.
Price to Earnings Ratio vs. Sector
The P/E ratio of Adobe is 27.14, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 381.57.
Price to Earnings Growth Ratio
Adobe has a PEG Ratio of 1.86. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Adobe has a P/B Ratio of 8.90. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Adobe (NASDAQ:ADBE) Stock

Adobe Inc. operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform. Its flagship product is Creative Cloud, a subscription service that allows members to access its creative products. This segment serves content creators, workers, marketers, educators, enthusiasts, communicators, and consumers. The Digital Experience segment provides an integrated platform and set of applications and services that enable brands and businesses to create, manage, execute, measure, monetize, and optimize customer experiences from analytics to commerce. This segment serves marketers, advertisers, agencies, publishers, merchandisers, merchants, web analysts, data scientists, developers, and executives across the C-suite. The Publishing and Advertising segment offers products and services, such as e-learning solutions, technical document publishing, web conferencing, document and forms platform, web application development, and high-end printing, as well as Advertising Cloud offerings. The company offers its products and services directly to enterprise customers through its sales force and local field offices, as well as to end users through app stores and through its website at adobe.com. It also distributes products and services through a network of distributors, value-added resellers, systems integrators, software vendors and developers, retailers, and original equipment manufacturers. The company was formerly known as Adobe Systems Incorporated and changed its name to Adobe Inc. in October 2018. Adobe Inc. was founded in 1982 and is headquartered in San Jose, California.

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ADBE Stock News Headlines

September 19, 2022 | marketbeat.com

Adobe Perfects the Art of the Faceplant for Investors

Riddle me this, how do you shock investors into a two-day selling frenzy vaporizing (-20%) off your share price and (-30%) off your market cap

October 1, 2022 | uk.investing.com

Adobe Earnings, Revenue miss in Q4 By Investing.com - Investing.com UK

October 1, 2022 | in.investing.com

Adobe earnings, Revenue miss in Q4 - Investing.com India

September 30, 2022 | barrons.com

Adobe Stock Crumbled. Chief Financial Officer Dan Durn Bought the Dip. - Barron's

September 30, 2022 | businessinsider.com

Adobe Photoshop & Premiere Elements 2023: Faster speeds, AI editing - Business Insider

September 30, 2022 | businesswire.com

Guerrilla RF Delivers Adobe ColdFusion Summit Keynote October 3 - Business Wire

September 30, 2022 | finance.yahoo.com

Is Adobe's Latest Acquisiton a Red Flag?

September 29, 2022 | techcrunch.com

Adobe rolls out Photoshop and Premiere Elements 2023 with AI-powered features - TechCrunch

September 29, 2022 | americanbankingnews.com

Adobe (NASDAQ:ADBE) Hits New 12-Month Low at $275.07

September 29, 2022 | americanbankingnews.com

Adobe (NASDAQ:ADBE) Reaches New 1-Year Low at $275.07

September 29, 2022 | americanbankingnews.com

Adobe (NASDAQ:ADBE) Updates Q4 2022 Earnings Guidance

September 29, 2022 | americanbankingnews.com

David A. Ricks Acquires 1,200 Shares of Adobe Inc. (NASDAQ:ADBE) Stock

September 28, 2022 | msn.com

3ADBE : Adobe Whale Trades Spotted

September 28, 2022 | finance.yahoo.com

Could The Market Be Wrong About Adobe Inc. (NASDAQ:ADBE) Given Its Attractive Financial Prospects?

September 28, 2022 | seekingalpha.com

Adobe: Massive Overreaction

September 28, 2022 | nasdaq.com

Adobe's (NASDAQ:ADBE) earnings growth rate lags the 13% CAGR delivered to shareholders

September 28, 2022 | bloomberg.com

Adobe Outlines Figma Feature Ideas, Commits to Keeping Free Tier - Bloomberg

September 28, 2022 | benzinga.com

Insiders Buying Adobe And 2 Other Stocks

September 27, 2022 | seekingalpha.com

Is Adobe Stock A Buy After Earnings? (NASDAQ:ADBE) - Seeking Alpha

September 27, 2022 | techcrunch.com

Penpot inks $8M, as signups for its open source spin on Figma jump 5600% after Adobe’s $20B acquisition move - TechCrunch

September 26, 2022 | benzinga.com

Adobe Whale Trades Spotted - Adobe (NASDAQ:ADBE) - Benzinga

September 26, 2022 | bizjournals.com

Adobe's North Tower is the 2022 Structures honoree for Best Office Project (Large) - Silicon Valley Business Journal - The Business Journals

September 26, 2022 | techcrunch.com

Designers underwhelmed by Adobe-Figma deal - TechCrunch

September 26, 2022 | nasdaq.com

Costco, FedEx, Adobe, Micron and Nike are part of Zacks Earnings Preview - Nasdaq

September 26, 2022 | seekingalpha.com

Adobe Stock: Time To Be Greedy (NASDAQ:ADBE) - Seeking Alpha

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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ADBE Company Calendar

Last Earnings: 9/15/2022
Today: 10/02/2022
Fiscal Year End: 11/30/2022
Next Earnings (Estimated): 12/15/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: Application Software
Sector: Computer and Technology
Current Symbol: NASDAQ:ADBE
CUSIP: 00724F10
CIK: 796343
Web: www.adobe.com
Phone: (408) 536-6000
Fax: 408-537-6000
Employees: 25,988
Year Founded: 1982

Price Target and Rating

Average Stock Price Forecast: $427.11
High Stock Price Forecast: $820.00
Low Stock Price Forecast: $310.00
Forecasted Upside/Downside: +55.2%
Consensus Rating: Hold
Rating Score (0-4): 2.47
Research Coverage: 30 Analysts

Profitability

EPS (Most Recent Fiscal Year): $10.14
Trailing P/E Ratio: 27.14
Forward P/E Ratio: 24.75
P/E Growth: 1.86
Net Income: $4.82 billion
Net Margins: 28.00%
Pretax Margin: 34.66%
Return on Equity: 36.49%
Return on Assets: 19.54%

Debt

Debt-to-Equity Ratio: 0.25
Current Ratio: 1.14
Quick Ratio: 1.07

Sales & Book Value

Annual Sales: $15.79 billion
Price / Sales: 8.11
Cash Flow: $12.28 per share
Price / Cash Flow: 22.41
Book Value: $30.92 per share
Price / Book: 8.90

Miscellaneous

Outstanding Shares: 464,900,000
Free Float: 466,924,000
Market Cap: $127.94 billion
Optionable: Optionable
Beta: 1.14

Social Links

Key Executives

Mr. Shantanu Narayen (Age 58)
Chairman & CEO
Comp: $3.63M

Dr. John E. Warnock (Age 81)
Independent Director
Comp: $60k

Mr. Daniel J. Durn (Age 56)
CFO and Exec. VP of Fin., Technology Services & Operations
Comp: $3.33M

Mr. David Wadhwani (Age 50)
Pres of Digital Media Bus.
Comp: $2.42M

Dr. Anil S. Chakravarthy (Age 54)
Pres of Digital Experience Bus.
Comp: $1.58M

Mr. Mark S. Garfield (Age 51)
Sr. VP, Chief Accounting Officer & Corp. Controller

Ms. Cynthia A. Stoddard (Age 65)
Sr. VP & Chief Information Officer

Mr. Jonathan Vaas
VP of Investor Relations

Mr. Dana Rao (Age 52)
Exec. VP, Gen. Counsel & Chief Trust Officer

Ms. Ann Lewnes (Age 60)
Chief Marketing Officer and Exec. VP of Corp. Strategy & Devel.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ADBE Stock - Frequently Asked Questions

Should I buy or sell Adobe stock right now?: 30 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last year. There are currently 16 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities 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 2022?: 30 brokers have issued 12 month target prices for Adobe's stock. Their ADBE share price forecasts range from $310.00 to $820.00. On average, they predict the company's share price to reach $427.11 in the next year. This suggests a possible upside of 55.2% 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 shares have decreased by 51.5% and is now trading at $275.20.
View the best growth stocks for 2022 here.
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 results 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 analysts' expectations of $4.44 billion. Adobe had a trailing twelve-month return on equity of 36.49% and a net margin of 28.00%. The business's quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.65 EPS.
Read the conference call transcript.
How will Adobe's stock buyback program work?: Adobe declared that its board has approved 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 purchase up to 6.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its shares are undervalued.
What guidance has Adobe issued on next quarter's earnings?: Adobe updated its fourth quarter 2022 earnings guidance on Thursday, September, 29th. The company provided earnings per share guidance of $3.50-$3.50 for the period, compared to the consensus estimate of $3.45. The company issued revenue guidance of $4.52 billion-$4.52 billion, compared to the consensus revenue estimate of $4.58 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."
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 $275.20.
How much money does Adobe make?: Adobe (NASDAQ:ADBE) has a market capitalization of $127.94 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 10/2/2022 by MarketBeat.com Staff

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Adobe - ADBE Stock Forecast, Price & News

Adobe MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Social Mentions This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Adobe (NASDAQ:ADBE) Stock

ADBE Stock News Headlines

ADBE Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

ADBE Stock - Frequently Asked Questions

MarketBeat Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources

Overall MarketRank^™