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NASDAQ:ADBE

Adobe (ADBE) Stock Forecast, Price & News

$360.43
+3.80 (+1.07%)
(As of 05/18/2023 ET)
Compare
Today's Range
$356.45
▼
$361.48
50-Day Range
$324.27
▼
$385.37
52-Week Range
$274.73
▼
$451.15
Volume
2.89 million shs
Average Volume
2.92 million shs
Market Capitalization
$165.33 billion
P/E Ratio
35.51
Dividend Yield
N/A
Price Target
$388.00
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Adobe MarketRank™ Forecast

Analyst Rating
Hold
2.41 Rating Score
Upside/​Downside
7.6% Upside
$388.00 Price Target
Short Interest
Healthy
1.22% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.55
Upright™ Environmental Score
News Sentiment
0.61mentions of Adobe in the last 14 days
Based on 14 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.

2.35 out of 5 stars

Computer And Technology Sector

217th out of 610 stocks

Prepackaged Software Industry

61st out of 213 stocks

See Top Rated MarketRank™ Stocks Here

ADBE stock logo

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.

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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.
May 18, 2023 | Behind the Markets (Ad)
"The $51 Billion Laser Revolution"
See how a new contract with the Pentagon could spark a 2,476% sales surge for a small laser firm >>>
April 18, 2023 | marketbeat.com
Can Dropbox Compete in the Collaboration Software Market? (ADBE)
Dropbox Inc. (NASDAQ: DBX) has evolved from a cloud storage provider to a file-sharing, synchronization and workflow collaboration platform. The company
May 18, 2023 | benzinga.com
Adobe Unusual Options Activity
May 17, 2023 | news.yahoo.com
Adobe’s new AI automates PDF accessibility tags
May 17, 2023 | forbes.com
Adobe Wants To Help Make PDF Documents More Accessible With AI-Based Auto-Tag API
May 16, 2023 | thestreet.com
Why Adobe (ADBE) Stock Is Falling in After-Hours Trading Today
May 18, 2023 | Behind the Markets (Ad)
"The $51 Billion Laser Revolution"
See how a new contract with the Pentagon could spark a 2,476% sales surge for a small laser firm >>>
May 16, 2023 | americanbankingnews.com
Reviewing Adobe (NASDAQ:ADBE) and Dynatrace (NYSE:DT)
May 16, 2023 | americanbankingnews.com
Short Interest in Adobe Inc. (NASDAQ:ADBE) Rises By 6.7%
May 15, 2023 | finance.yahoo.com
Insiders At Adobe Sold US$17m In Stock, Alluding To Potential Weakness \
May 15, 2023 | seekingalpha.com
Adobe: Shares Are Languishing, But AI Could Catalyze Growth (Rating Downgrade)
May 14, 2023 | finance.yahoo.com
Top Indian CEOs
May 11, 2023 | seekingalpha.com
Adobe: Fast Growth Meets With Strong Competition
May 11, 2023 | msn.com
Google Bard can now create and edit images, courtesy of Adobe
May 10, 2023 | marketwatch.com
Adobe Inc. stock outperforms competitors despite losses on the day
May 10, 2023 | msn.com
Adobe data shows prices online heading down again
May 10, 2023 | msn.com
Adobe: An Analysis Of GAAP Earnings, SBCs, And Expected Returns
May 10, 2023 | msn.com
Looking Into Adobe's Recent Short Interest
May 10, 2023 | marketwatch.com
Adobe Inc. stock rises Wednesday, still underperforms market
May 10, 2023 | finance.yahoo.com
Adobe Inc.'s (NASDAQ:ADBE) recent 7.1% pullback adds to one-year year losses, institutional owners may take drastic measures
May 10, 2023 | finance.yahoo.com
Adobe Firefly Delivers Creator-Focused, Commercially Viable Generative AI to Millions
May 10, 2023 | seekingalpha.com
Adobe: Attractively Priced, Looking Towards AI To Boost Growth
May 9, 2023 | finance.yahoo.com
Investor Advisory: Adobe to Present at Upcoming Investor Conference
May 9, 2023 | finance.yahoo.com
Online Prices Drop Again in April: Report
May 4, 2023 | americanbankingnews.com
Adobe Inc. (NASDAQ:ADBE) EVP Scott Belsky Sells 3,000 Shares
See More Headlines
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ADBE Company Calendar

Last Earnings
3/15/2023
Today
5/18/2023
Next Earnings (Confirmed)
6/15/2023
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
$388.00
High Stock Price Forecast
$430.00
Low Stock Price Forecast
$350.00
Forecasted Upside/Downside
+7.6%
Consensus Rating
Hold
Rating Score (0-4)
2.41
Research Coverage
27 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$10.15
Trailing P/E Ratio
35.51
Forward P/E Ratio
29.40
P/E Growth
2.11
Net Income
$4.76 billion
Net Margins
26.32%
Pretax Margin
33.69%
Return on Equity
36.53%
Return on Assets
19.35%

Debt

Debt-to-Equity Ratio
0.26
Current Ratio
1.12
Quick Ratio
1.12

Sales & Book Value

Annual Sales
$17.61 billion
Price / Sales
9.39
Cash Flow
$13.52 per share
Price / Cash Flow
26.66
Book Value
$30.22 per share
Price / Book
11.93

Miscellaneous

Outstanding Shares
458,700,000
Free Float
457,599,000
Market Cap
$165.33 billion
Optionable
Optionable
Beta
1.31

Social Links


Key Executives

  • Shantanu NarayenShantanu Narayen
    Chairman & Chief Executive Officer
  • Daniel J. Durn
    CFO, EVP-Finance, Technology Services & Operations
  • Cynthia A. Stoddard
    Chief Information Officer & Senior Vice President
  • Dana RaoDana Rao
    Secretary, Chief Trust Officer & Executive VP
  • 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?

27 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last twelve months. There are currently 16 hold ratings and 11 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 2023?

27 brokers have issued 1-year price targets for Adobe's stock. Their ADBE share price forecasts range from $350.00 to $430.00. On average, they expect the company's stock price to reach $388.00 in the next twelve months. This suggests a possible upside of 8.8% 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 the year. Since then, ADBE stock has increased by 6.0% and is now trading at $356.58.
View the best growth stocks for 2023 here.

Are investors shorting Adobe?

Adobe saw a increase in short interest in April. As of April 30th, there was short interest totaling 5,540,000 shares, an increase of 6.7% from the April 15th total of 5,190,000 shares. Based on an average daily trading volume, of 3,020,000 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.2% of the shares of the stock 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 Thursday, June 15th 2023.
View our ADBE earnings forecast.

How can I listen to Adobe's earnings call?

Adobe will be holding an earnings conference call on Thursday, June 15th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Adobe's earnings last quarter?

Adobe Inc. (NASDAQ:ADBE) announced its earnings results on Wednesday, March, 15th. The software company reported $3.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.12. The software company earned $4.66 billion during the quarter, compared to analysts' expectations of $4.62 billion. Adobe had a net margin of 26.32% and a trailing twelve-month return on equity of 36.53%. The business's quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.84 earnings per share.

What ETFs hold Adobe's stock?

ETFs with the largest weight of Adobe (NASDAQ:ADBE) stock in their portfolio include iShares Expanded Tech-Software Sector ETF (IGV), Direxion Daily Software Bull 2X Shares (SWAR), UPHOLDINGS Compound Kings ETF (KNGS), Grizzle Growth ETF (GRZZ), Fidelity Metaverse ETF (FMET), Monarch Blue Chips Core ETF (MBCC), OneAscent Large Cap Core ETF (OALC) and SmartETFs Advertising & Marketing Technology ETF (MRAD).

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

Adobe updated its second quarter 2023 earnings guidance on Wednesday, March, 15th. The company provided earnings per share (EPS) guidance of $3.75-$3.80 for the period, compared to the consensus EPS estimate of $3.76. The company issued revenue guidance of $4.75 billion-$4.78 billion, compared to the consensus revenue estimate of $4.76 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 retail and institutional investors. Top institutional investors include BlackRock Inc. (8.06%), State Street Corp (4.06%), FMR LLC (2.33%), Geode Capital Management LLC (2.06%), Bank of New York Mellon Corp (1.51%) and Fisher Asset Management LLC (1.07%). 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 $356.58.

How much money does Adobe make?

Adobe (NASDAQ:ADBE) has a market capitalization of $163.56 billion and generates $17.61 billion in revenue each year. The software company earns $4.76 billion in net income (profit) each year or $10.15 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 5/18/2023 by MarketBeat.com Staff

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