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Adobe (ADBE) Stock Forecast & Price Target

$551.00
-5.85 (-1.05%)
(As of 07/19/2024 08:55 PM ET)

Adobe - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 30 Wall Street analysts who have issued ratings for Adobe in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 30 analysts, 2 have given a sell rating, 7 have given a hold rating, and 21 have given a buy rating for ADBE.

Consensus Price Target

$603.33
9.50% Upside
High Forecast$730.00
Average Forecast$603.33
Low Forecast$450.00

According to the 30 analysts' twelve-month price targets for Adobe, the average price target is $603.33. The highest price target for ADBE is $730.00, while the lowest price target for ADBE is $450.00. The average price target represents a forecasted upside of 9.50% from the current price of $551.00.

TypeCurrent Forecast
7/23/23 to 7/22/24
1 Month Ago
6/23/23 to 6/22/24
3 Months Ago
4/24/23 to 4/23/24
1 Year Ago
7/23/22 to 7/23/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
21 Buy rating(s)
21 Buy rating(s)
19 Buy rating(s)
14 Buy rating(s)
Hold
7 Hold rating(s)
7 Hold rating(s)
6 Hold rating(s)
14 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$603.33$607.67$620.72$511.19
Forecasted Upside9.50% Upside18.93% Upside17.39% Upside26.33% Upside
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ADBE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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ADBE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Adobe Stock vs. The Competition

TypeAdobeComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.63
2.61
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside9.50% Upside117.39% Upside10.06% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/12/2024Piper Sandler
2 of 5 stars
 Lower TargetOverweight ➝ Overweight$700.00 ➝ $635.00+13.87%
7/12/2024Piper Sandler Companies
5 of 5 stars
 Reiterated RatingOverweight$635.00+13.87%
6/17/2024Sanford C. Bernstein
3 of 5 stars
 Boost TargetOutperform ➝ Outperform$653.00 ➝ $660.00+27.46%
6/14/2024JMP Securities
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 Reiterated RatingMarket Perform
6/14/2024BMO Capital Markets
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 Boost TargetOutperform ➝ Outperform$525.00 ➝ $580.00+10.70%
6/14/2024Barclays
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 Boost TargetOverweight ➝ Overweight$630.00 ➝ $650.00+23.52%
6/14/2024Royal Bank of Canada
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 Reiterated RatingOutperform ➝ Outperform$600.00 ➝ $600.00+14.02%
6/14/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$675.00 ➝ $700.00+33.02%
6/14/2024Oppenheimer
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 Reiterated RatingOutperform ➝ Outperform$580.00 ➝ $580.00+10.22%
6/14/2024KeyCorp
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 Boost TargetUnderweight ➝ Underweight$445.00 ➝ $450.00-1.91%
6/14/2024Robert W. Baird
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 Boost TargetNeutral ➝ Neutral$525.00 ➝ $545.00+18.80%
6/14/2024JPMorgan Chase & Co.
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 UpgradeNeutral ➝ Overweight$570.00 ➝ $580.00+26.43%
6/10/2024Citigroup
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 Lower TargetNeutral ➝ Neutral$554.00 ➝ $529.00+15.37%
6/10/2024TD Cowen
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 Lower TargetBuy ➝ Buy$640.00 ➝ $625.00+36.13%
6/10/2024Melius Research
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B. Reitzes
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Reiterated RatingBuy ➝ Hold$510.00+9.58%
6/7/2024Evercore ISI
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 Reiterated RatingOutperform ➝ Outperform$650.00 ➝ $650.00+39.37%
6/7/2024Mizuho
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 Reiterated RatingBuy ➝ Buy$680.00 ➝ $640.00+38.72%
6/7/2024Stifel Nicolaus
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 Lower TargetBuy ➝ Buy$625.00 ➝ $600.00+30.97%
3/28/2024DA Davidson
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G. Luria
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Reiterated RatingBuy ➝ Buy$685.00+36.38%
3/15/2024HSBC
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 Lower TargetHold ➝ Hold$557.00 ➝ $511.00-0.40%
3/15/2024UBS Group
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 Lower TargetNeutral ➝ Neutral$600.00 ➝ $540.00+5.25%
3/15/2024Bank of America
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 Lower TargetBuy ➝ Buy$700.00 ➝ $640.00+24.55%
1/18/2024BNP Paribas
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 DowngradeNeutral ➝ Underperform$499.00-16.29%
12/4/2023KGI Securities
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 UpgradeNeutral ➝ Outperform$730.00+19.19%
9/19/2023Argus
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 Boost Target$565.00 ➝ $611.00+14.58%
9/15/2023The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$550.00 ➝ $625.00+18.11%
9/15/2023Deutsche Bank Aktiengesellschaft
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 Boost TargetBuy ➝ Buy$550.00 ➝ $610.00+14.52%
9/15/2023Wolfe Research
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 Boost TargetOutperform ➝ Outperform$580.00 ➝ $650.00+17.72%
9/11/2023Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$600.00 ➝ $660.00+17.78%
7/31/2023Morgan Stanley
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 UpgradeEqual Weight ➝ Overweight$510.00 ➝ $660.00+24.79%
6/16/2023888
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 Reiterated RatingMaintains
6/16/2023Atlantic Securities
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 Boost Target$420.00 ➝ $580.00+18.15%
3/28/2023Erste Group Bank
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 UpgradeHold ➝ Buy
3/17/2023Credit Suisse Group
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 Boost TargetNeutral$325.00 ➝ $350.00-0.93%
1/17/2023William Blair
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J. Roberge
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Initiated CoverageOutperform
9/22/2022Moffett Nathanson
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Sterling Auty
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Initiated CoverageHold$354.00+23.65%
9/19/2022Edward Jones
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 DowngradeBuy ➝ Hold
9/16/2022Cowen
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 Lower TargetOutperform$520.00 ➝ $400.00+35.58%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 01:46 AM ET.

ADBE Forecast - Frequently Asked Questions

What is Adobe's forecast for 2024?

According to the research reports of 30 Wall Street equities research analysts, the average twelve-month stock price forecast for Adobe is $603.33, with a high forecast of $730.00 and a low forecast of $450.00.

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 year. There are currently 2 sell ratings, 7 hold ratings and 21 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ADBE shares.

Does Adobe's stock price have much upside?

According to analysts, Adobe's stock has a predicted upside of 17.92% based on their 12-month stock forecasts.

Has Adobe been upgraded or downgraded by Wall Street analysts recently?

Over the previous 90 days, Adobe's stock had 1 upgrade and 1 downgrade by analysts.

Do Wall Street analysts like Adobe more than its competitors?

Analysts like Adobe more than other "computer and technology" companies. The consensus rating score for Adobe is 2.63 while the average consensus rating score for "computer and technology" companies is 2.61. Learn more on how ADBE compares to other companies.


This page (NASDAQ:ADBE) was last updated on 7/22/2024 by MarketBeat.com Staff

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