NASDAQ:ADBE

Adobe - ADBE Stock Forecast, Price & News

$277.57

+0.61 (+0.22%)

(As of 09/27/2022 12:00 AM ET)

Add

Compare

Today's Range: $274.73
▼
$284.50
50-Day Range: $276.96
▼
$451.02
52-Week Range: $274.73
▼
$699.54

Volume: 6.38 million shs
Average Volume: 5.42 million shs
Market Capitalization: $129.90 billion

P/E Ratio: 27.37
Dividend Yield: N/A
Price Target: $427.11

Adobe MarketRank™ Forecast

Analyst Rating: Hold
2.47 Rating Score
Upside/Downside: 53.9% 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: 0.22
Based on 48 Articles This Week
Insider Trading: Balanced
Insiders Both Buying and Selling
Proj. Earnings Growth: 14.77%
From $11.10 to $12.74 Per Share

Overall MarketRank^™

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

3.13 out of 5 stars

Computer And Technology Sector

32nd out of 636 stocks

Prepackaged Software Industry

6th out of 225 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 53.9% from its current price of $277.57.
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.

2.9

News and Social Media Coverage

News Sentiment
Adobe has a news sentiment score of 0.22. 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 0.49 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 48 news articles for Adobe this week, compared to 14 articles on an average week.
Social Mentions This Week
MarketBeat has tracked 3 reddit mentions for Adobe this week, compared to 3 mentions on an average week.
Search Interest
157 people have searched for ADBE on MarketBeat in the last 30 days. This is an increase of 89% compared to the previous 30 days.
MarketBeat Follows
76 people have added Adobe to their MarketBeat watchlist in the last 30 days. This is an increase of 12% 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 14.77% in the coming year, from $11.10 to $12.74 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Adobe is 27.37, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.20.
Price to Earnings Ratio vs. Sector
The P/E ratio of Adobe is 27.37, 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 311.15.
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 9.04. 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.

Receive ADBE Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Adobe and its competitors with MarketBeat's FREE daily newsletter.

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

September 27, 2022 | seekingalpha.com

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

September 28, 2022 | Investing Trends (Ad)

What The White House Is NOT Telling You About The "Green Revolution."

Governments across the globe want to go "All Electric" by 2035. There's one rare metal that could cripple these plans. Without it, going green is impossible. And that's why there's a modern-day gold-rush for this rare metal.

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 28, 2022 | Investing Trends (Ad)

Is the US Military Secretly Under Chinese Control?

Alarmingly, the answer may be "yes". Communist China now controls 80% of the lithium that powers most US military vehicles and equipment. The threat level is so high that the White House recently declared a state of emergency on lithium...

September 26, 2022 | seekingalpha.com

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

September 26, 2022 | benzinga.com

Adobe And 2 Other Stock Insiders Are Buying

September 25, 2022 | barrons.com

Adobe Stock Will Rise After Figma Deal Closes, Says Analyst. Here’s Why.

September 25, 2022 | seekingalpha.com

Adobe: Buying The Competition Is Profitable And Easy

September 25, 2022 | fool.com

Adobe Stock: Bear vs. Bull - The Motley Fool

September 25, 2022 | finance.yahoo.com

Better Software Stock: Adobe vs. Unity

September 25, 2022 | americanbankingnews.com

StockNews.com Upgrades Adobe (NASDAQ:ADBE) to Buy

September 24, 2022 | finance.yahoo.com

Why Adobe Is Paying $20 Billion for Figma

September 24, 2022 | finance.yahoo.com

Adobe Stock: Bear vs. Bull

September 24, 2022 | businessinsider.com

Adobe Product Chief on Why Its Figma Competitor, Adobe XD, Failed - Business Insider

September 24, 2022 | fool.com

Why Adobe Is Paying $20 Billion for Figma - The Motley Fool

September 24, 2022 | americanbankingnews.com

Adobe Inc. (NASDAQ:ADBE) CFO Daniel Durn Buys 3,250 Shares of Stock

September 24, 2022 | americanbankingnews.com

Moffett Nathanson Initiates Coverage on Adobe (NASDAQ:ADBE)

September 23, 2022 | forbes.com

Adobe Stock Lost 23% In One Week, What’s Next?

September 23, 2022 | nasdaq.com

The Zacks Analyst Blog Highlights BHP Group, United Parcel Service, Adobe, EOG Resources and America Movil - Nasdaq

September 23, 2022 | ft.com

Adobe's big bet on the future with Figma acquisition - Financial Times

September 23, 2022 | americanbankingnews.com

Adobe (NASDAQ:ADBE) Sets New 1-Year Low After Insider Selling

September 22, 2022 | seekingalpha.com

Adobe And Meta: Both Are Buys, One Could Change Your Life - Seeking Alpha

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

Receive ADBE Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Adobe and its competitors with MarketBeat's FREE daily newsletter.

ADBE Company Calendar

Last Earnings: 9/15/2022
Today: 9/28/2022
Fiscal Year End: 11/30/2022
Next Earnings (Estimated): 12/15/2022

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: 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: +53.9%
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: 27.37
Forward P/E Ratio: 25.01
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: 8.23
Cash Flow: $12.45 per share
Price / Cash Flow: 22.30
Book Value: $30.71 per share
Price / Book: 9.04

Miscellaneous

Outstanding Shares: 468,000,000
Free Float: 466,924,000
Market Cap: $129.90 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 research analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last twelve months. There are currently 16 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 2022?: 30 Wall Street analysts have issued 1 year price objectives for Adobe's stock. Their ADBE share price forecasts range from $310.00 to $820.00. On average, they expect the company's share price to reach $427.11 in the next twelve months. This suggests a possible upside of 53.9% 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 beginning of the year. Since then, ADBE stock has decreased by 51.1% and is now trading at $277.57.
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 data on Thursday, September, 15th. The software company reported $2.63 EPS 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 analyst estimates of $4.44 billion. Adobe had a trailing twelve-month return on equity of 36.49% and a net margin of 28.00%. The company's quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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 repurchase plan on Thursday, December 10th 2020, which permits the company to buyback $15,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 6.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.
What guidance has Adobe issued on next quarter's earnings?: Adobe issued an update on its fourth quarter 2022 earnings guidance on Thursday, September, 22nd. The company provided earnings per share guidance of $3.50-$3.50 for the period, compared to the consensus earnings per share 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."
Who are Adobe's major shareholders?: Adobe's stock is owned by a number of institutional and retail investors. Top institutional shareholders include State Street Corp (3.96%), FMR LLC (3.08%), Primecap Management Co. CA (1.38%), Massachusetts Financial Services Co. MA (1.37%), Northern Trust Corp (1.21%) and Jennison Associates LLC (0.97%). 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 $277.57.
How much money does Adobe make?: Adobe (NASDAQ:ADBE) has a market capitalization of $129.90 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 9/28/2022 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

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