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Most-Upgraded Stocks  
NASDAQ:ADBE

Adobe - ADBE Stock Forecast, Price & News

$392.23
+8.31 (+2.16%)
(As of 02/2/2023 12:00 AM ET)
Add
Compare
Today's Range
$388.88
▼
$402.49
50-Day Range
$326.68
▼
$383.92
52-Week Range
$274.73
▼
$525.18
Volume
4.00 million shs
Average Volume
2.56 million shs
Market Capitalization
$179.56 billion
P/E Ratio
38.83
Dividend Yield
N/A
Price Target
$412.81

Adobe MarketRank™ Forecast

Analyst Rating
Hold
2.48 Rating Score
Upside/​Downside
5.2% Upside
$412.81 Price Target
Short Interest
Healthy
1.01% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.55
Upright™ Environmental Score
News Sentiment
0.40mentions of Adobe in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$9.07 M Sold Last Quarter
Proj. Earnings Growth
13.33%
From $12.15 to $13.77 Per Share

Overall MarketRank™

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

2.29 out of 5 stars

Computer And Technology Sector

171st out of 614 stocks

Prepackaged Software Industry

50th out of 215 stocks

See Top Rated MarketRank™ Stocks Here

ADBE stock logo

About Adobe (NASDAQ:ADBE) Stock

Adobe Inc. is a U.S.-based multinational software company focused on the publishing and content creation industries. It is the world's fifth-largest software company by market cap, with a capitalization near $155 billion at the start of 2023. Revenue in 2022 topped $19 billion. The company employs more than 26,000 people and has offices across the U.S. and India. The company ranks 339th on the Forbes Fortune 500 list and has ranked on Forbes' "100 Best Companies to Work for" for more than two decades. 

John Warnock and Charles Geschke founded Adobe Systems Inc. in Warnock's garage in 1982. Warnock and Gesche named the company after a creek that runs behind the residence and is also an allusion to the creative power of building with adobe mud bricks. The pair were ex-Xerox employees who left the company to concentrate on writing programming languages specifically for the publishing industry. Their work and investments from major technology moguls like Steve Jobs laid the foundation for the modern desktop publishing industry. Adobe held its IPO on August 20, 1986. 

The initial product focused on written content and publishing, but acquisitions over the following decades fleshed out the offerings. Now, the company is a leader in most forms of digital content creation, including graphics, photography, illustration, animation, multimedia and even motion pictures. A few key product lines include Photoshop for digitally enhancing and editing photographs (used by more than 90% of creative professionals), Illustrator, a suite of tools for digital illustrations, and Adobe Reader. Adobe Reader is the home of PDF and easily transportable digital files. In 2022, consumers opened more than 400 billion PDFs with Reader.  

Over the years, the company has had to adapt to a changing technological environment due to a shift to the cloud and developing into a software-as-a-service (SaaS) business. Another major shift was the move into digital marketing software, which has ranked among the leading customer experience management firms on the market. 

Today, Adobe is in business as a diversified software company. It operates in three segments: digital media, digital experience and publishing and advertising. The digital media segment includes products and services geared toward content creation, including cloud-based services. This segment's primary offering is Creative Cloud, a suite of Adobe's cloud-based products. Creative Cloud is an AI-powered subscription service and accounted for more than 50% of its revenue in Q4 2022. 

The digital experience segment operates an integrated platform that connects businesses to software and services that enable them to create and manage customer experiences. This segment includes the document cloud, which hosts online document sharing and singing. The publishing and advertising segment provides software and services for technical document publishing, high-end printing and advertising needs. 

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ADBE Stock News Headlines

February 1, 2023 | marketbeat.com
Has The Salesforce Turnaround Begun? (ADBE)
Salesforce’s shares are up 30% from the multi-year lows they hit at the end of December and it’s clear the bulls have the upper hand for now.
January 11, 2023 | marketbeat.com
Can US avoid a recession? As inflation eases, optimism rises
For months, the outlook for the U.S. economy has been a mostly bleak one: Inflation hitting a four-decade high, consumer spending weakening, interest rates surging
February 2, 2023 | PressReach (Ad)
Stocks Positioned For The Year
This breakthrough stock has bright future this decade.
February 1, 2023 | finance.yahoo.com
Adobe Lightroom Brings Professional Photo Editing to Samsung Galaxy S23 Series
February 1, 2023 | finance.yahoo.com
Should You Hold Adobe (ADBE) For the Long-Term?
January 31, 2023 | americanbankingnews.com
Short Interest in Adobe Inc. (NASDAQ:ADBE) Rises By 9.0%
January 30, 2023 | finance.yahoo.com
With 84% ownership of the shares, Adobe Inc. (NASDAQ:ADBE) is heavily dominated by institutional owners
January 27, 2023 | americanbankingnews.com
Adobe Inc. (NASDAQ:ADBE) CAO Mark S. Garfield Sells 209 Shares
February 2, 2023 | PressReach (Ad)
Stocks Positioned For The Year
This breakthrough stock has bright future this decade.
January 27, 2023 | americanbankingnews.com
Adobe Inc. (NASDAQ:ADBE) EVP Scott Belsky Sells 2,906 Shares
January 26, 2023 | finance.yahoo.com
Morgan Stanley warns Adobe’s growth is fairly priced into stock
January 26, 2023 | finance.yahoo.com
Adobe to open Atlanta office as company embraces hybrid work
January 25, 2023 | americanbankingnews.com
Shantanu Narayen Sells 15,000 Shares of Adobe Inc. (NASDAQ:ADBE) Stock
January 18, 2023 | benzinga.com
Adobe Denies Exploiting User Images And Videos For AI Training
January 17, 2023 | finance.yahoo.com
Adobe, Facing Blowback, Says Customer Data Not Used to Train AI
January 17, 2023 | seekingalpha.com
Adobe: Buy, Customers And Shareholders Are Of Value Here
January 16, 2023 | finance.yahoo.com
Should You Exit Adobe (ADBE)?
January 14, 2023 | finance.yahoo.com
Is It Too Late To Consider Buying Adobe Inc. (NASDAQ:ADBE)?
January 13, 2023 | finance.yahoo.com
Adobe Inc. (ADBE) Is a Trending Stock: Facts to Know Before Betting on It
January 11, 2023 | finance.yahoo.com
Adobe Tried to Buy Figma Twice Before $20 Billion Bid Accepted
January 10, 2023 | finance.yahoo.com
Adobe's (NASDAQ:ADBE) investors will be pleased with their respectable 78% return over the last five years
January 10, 2023 | finance.yahoo.com
Do You Believe in the Growth Prospects of Adobe (ADBE)?
January 9, 2023 | finance.yahoo.com
15 Best Growth Stocks to Buy According to Hedge Funds
January 9, 2023 | finance.yahoo.com
Holiday shopping season not expected to save Wall Street as recession worries endure
January 8, 2023 | finance.yahoo.com
Adobe’s CEO Sizes Up the State of Tech Now
January 6, 2023 | finance.yahoo.com
Calculating The Fair Value Of Adobe Inc. (NASDAQ:ADBE)
January 5, 2023 | marketwatch.com
Online holiday sales exceeded expectations: Adobe data
See More Headlines
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ADBE Company Calendar

Last Earnings
12/15/2022
Today
2/02/2023
Next Earnings (Estimated)
3/28/2023
Fiscal Year End
11/30/2023
Get Stock Alerts

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
29,239
Year Founded
1982

Price Target and Rating

Average Stock Price Forecast
$412.81
High Stock Price Forecast
$605.00
Low Stock Price Forecast
$325.00
Forecasted Upside/Downside
+5.2%
Consensus Rating
Hold
Rating Score (0-4)
2.48
Research Coverage
29 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$10.10
Trailing P/E Ratio
38.83
Forward P/E Ratio
32.28
P/E Growth
2.31
Net Income
$4.76 billion
Net Margins
27.01%
Pretax Margin
34.13%
Return on Equity
36.74%
Return on Assets
19.44%

Debt

Debt-to-Equity Ratio
0.26
Current Ratio
1.11
Quick Ratio
1.11

Sales & Book Value

Annual Sales
$17.61 billion
Price / Sales
10.20
Cash Flow
$13.71 per share
Price / Cash Flow
28.61
Book Value
$30.69 per share
Price / Book
12.78

Miscellaneous

Outstanding Shares
457,800,000
Free Float
456,747,000
Market Cap
$179.56 billion
Optionable
Optionable
Beta
1.23

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

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?

29 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last twelve months. There are currently 15 hold ratings and 14 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 brokerages have issued twelve-month target prices for Adobe's shares. Their ADBE share price forecasts range from $325.00 to $605.00. On average, they predict the company's share price to reach $412.81 in the next year. This suggests a possible upside of 7.5% 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 2023?

Adobe's stock was trading at $336.53 at the beginning of 2023. Since then, ADBE shares have increased by 14.1% and is now trading at $383.92.
View the best growth stocks for 2023 here.

Are investors shorting Adobe?

Adobe saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 4,580,000 shares, an increase of 9.0% from the December 31st total of 4,200,000 shares. Based on an average daily trading volume, of 3,100,000 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.0% of the company's shares 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 Tuesday, March 28th 2023.
View our ADBE earnings forecast.

How were Adobe's earnings last quarter?

Adobe Inc. (NASDAQ:ADBE) announced its earnings results on Thursday, December, 15th. The software company reported $2.78 earnings per share for the quarter, hitting analysts' consensus estimates of $2.78. The software company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.52 billion. Adobe had a net margin of 27.01% and a trailing twelve-month return on equity of 36.74%.

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

Adobe updated its first quarter 2023 earnings guidance on Thursday, December, 15th. The company provided EPS guidance of $3.65-$3.70 for the period, compared to the consensus estimate of $3.64. The company issued revenue guidance of $4.60 billion-$4.64 billion, compared to the consensus revenue estimate of $4.64 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 institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.37%), Parnassus Investments LLC (0.35%), Bank of Montreal Can (0.24%), Sustainable Growth Advisers LP (0.21%), New York State Common Retirement Fund (0.20%) and Baillie Gifford & Co. (0.19%). Insiders that own company stock include Abhay Parasnis, Ann Lewnes, Bryan Lamkin, Dana Rao, Daniel Durn, David A Ricks, 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 $383.92.

How much money does Adobe make?

Adobe (NASDAQ:ADBE) has a market capitalization of $175.76 billion and generates $17.61 billion in revenue each year. The software company earns $4.76 billion in net income (profit) each year or $10.10 on an earnings per share basis.

How many employees does Adobe have?

The company employs 29,239 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 2/2/2023 by MarketBeat.com Staff