NASDAQ:ADBE

Adobe (ADBE) Stock Forecast, Price & News

$417.79

+0.58 (+0.14%)

(As of 05/31/2023 ET)

Compare

Today's Range: $410.70
▼
$421.31
50-Day Range: $335.45
▼
$417.79
52-Week Range: $274.73
▼
$451.15

Volume: 5.16 million shs
Average Volume: 3.06 million shs
Market Capitalization: $191.64 billion

P/E Ratio: 41.16
Dividend Yield: N/A
Price Target: $388.00

Adobe MarketRank™ Forecast

Analyst Rating: Hold
2.41 Rating Score
Upside/Downside: 7.1% Downside
$388.00 Price Target
Short Interest: Healthy
1.30% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.55
Upright™ Environmental Score
News Sentiment: 0.91
Based on 12 Articles This Week
Insider Trading: Selling Shares
$3.06 M Sold Last Quarter
Proj. Earnings Growth: 13.21%
From $12.26 to $13.88 Per Share

Overall MarketRank^™

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

2.31 out of 5 stars

Computer And Technology Sector

194th out of 621 stocks

Prepackaged Software Industry

47th out of 219 stocks

2.2

Analyst's Opinion

Consensus Rating
Adobe has received a consensus rating of Hold. The company's average rating score is 2.41, and is based on 11 buy ratings, 16 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $388.00, Adobe has a forecasted downside of 7.1% from its current price of $417.79.
Amount of Analyst Coverage
Adobe has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.30% 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 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Adobe has recently increased by 6.86%, indicating that investor sentiment is decreasing 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.

2.7

News and Social Media Coverage

News Sentiment
Adobe has a news sentiment score of 0.91. 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 higher news sentiment than the 0.57 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 12 news articles for Adobe this week, compared to 15 articles on an average week.
Search Interest
Only 108 people have searched for ADBE on MarketBeat in the last 30 days. This is a decrease of -1% compared to the previous 30 days.
MarketBeat Follows
44 people have added Adobe to their MarketBeat watchlist in the last 30 days. This is an increase of 76% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Adobe insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,055,314.00 in company stock.
Percentage Held by Insiders
Only 0.24% of the stock of Adobe is held by insiders.
Percentage Held by Institutions
79.36% 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 13.21% in the coming year, from $12.26 to $13.88 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Adobe is 41.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.58.
Price to Earnings Ratio vs. Sector
The P/E ratio of Adobe is 41.16, 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 367.74.
Price to Earnings Growth Ratio
Adobe has a PEG Ratio of 2.54. 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 13.82. 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. is a leading global software company specializing in creating, publishing and distributing digital content, including graphics, illustration, photography, multimedia/video, animation, motion pictures and print. Founded in December 1982 by John Warnock and Charles Geschke, Adobe has become one of the world's largest and most influential software companies. Headquartered in San Jose, California, the company employs more than 26,000 people across the globe.

Adobe's products include Adobe Acrobat Reader and the Portable Document Format (PDF), Adobe Photoshop image editing software, Adobe Illustrator vector-based illustration software and a range of tools primarily for audio-visual content creation, editing and publishing. Its Creative Cloud subscription service allows members to access the latest versions of its innovative products.

At the same time, its digital experience segment provides solutions and services for digital advertising, marketing, analytics, social marketing, targeting, media optimization, digital experience management and cross-channel campaign management. Adobe also offers legacy products and services for eLearning solutions, technical document publishing, web application development and high-end printing.

Adobe's commitment to innovation has earned it numerous recognitions and awards, including being named one of the "100 Best Companies to Work for" by Fortune since 2000, one of the "Best Places to Work" by Glassdoor and one of Fast Company's "Brands that Matter." The company has also been featured in Maclean's magazine as one of Canada's Top 100 Employers and received a five-star rating from the Electronic Frontier Foundation concerning its handling of government data requests in 2017.

Adobe has also been the subject of criticism. Consumers have been critical of its pricing practices, with retail prices increasing to twice as much in non-U.S. countries. Its Reader and Flash programs list as some of the most-hated programs of all time, and hackers have exploited vulnerabilities in Adobe programs to gain unauthorized computer access. Consumers also criticize Adobe for pushing unwanted software and handling government data requests.

However, Adobe has continued to push the boundaries and innovate with acquisitions such as Magento Commerce, Marketo, Allegorithmic, Workfront, Frame.io and Figma. In addition, the company has added payment services to its e-commerce platform and imposed a ban on the political ads features on its digital advert sales platform as the United States presidential elections approached in 2020. With its dedication to helping customers create compelling content and experiences, Adobe will remain a key player in the software industry for the foreseeable future.

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

May 16, 2023 | marketbeat.com

Akamai Technologies Soars on Robust Cybersecurity and Cloud Sales (ADBE)

Cloud services and content delivery network (CDN) operator Akamai Technologies Inc. (NASDAQ: AKAM) had substantial profits driven by record security

May 12, 2023 | marketbeat.com

Oracle Stock Climbs For Third Month, Still In Buy Range (ADBE)

Oracle, a well-established enterprise software provider, has seen its shares rise for three consecutive months, outperforming newer competitors.

June 1, 2023 | Vantage Point (Ad)

Having Trouble in Your Trading?

If you’re having issues in your trading, it could be that it's not you - it really is the market… Well, you’re in control. You can sit on the sideline when it feels right or anticipate massive trend reversals with A.I. like I’ll show you in this upcoming FREE Live A.I. Stock Market Training.

May 31, 2023 | ca.finance.yahoo.com

Designed for all creatives: Adobe Creative Cloud offers the latest tools for any artistic pursuit

May 31, 2023 | msn.com

Wells Fargo Maintains Adobe (ADBE) Equal-Weight Recommendation

May 30, 2023 | finance.yahoo.com

Adobe Systems (ADBE) Stock Moves 0.44%: What You Should Know

May 30, 2023 | forbes.com

Generative AI $7 Trillion Ecosystem: Invest In Nvidia, Microsoft, Adobe And More

May 26, 2023 | msn.com

Adobe's new AI Photoshop tool could save photographers hours of editing time by instantly extending images and adding new elements

June 1, 2023 | Vantage Point (Ad)

Having Trouble in Your Trading?

May 26, 2023 | finance.yahoo.com

Extreme Makeover AI Edition: Testing Four Apps That Distort Reality

May 26, 2023 | finance.yahoo.com

Reality Is Broken. We Have AI Photos to Blame.

May 25, 2023 | finance.yahoo.com

2 Stocks to Play the AI Boom, From Nvidia CEO’s Earnings Call Remarks

May 25, 2023 | finance.yahoo.com

Will Nvidia's Strong Outlook Defuse Talk Of Artificial Intelligence Bubble?

May 25, 2023 | markets.businessinsider.com

Analysts’ Top Technology Picks: Adobe (ADBE), Palo Alto Networks (PANW)

May 25, 2023 | finance.yahoo.com

Photoshop Is Getting Artificial Intelligence -- Why That's a Big Deal for Adobe

May 24, 2023 | msn.com

Adobe Unusual Options Activity For May 24