S&P 500   4,464.05
DOW   35,281.40
QQQ   366.24
Biden and House Democrats hope to make curbing 'junk fees' a winning issue in 2024
Laser breakthrough could send stock soaring 2,467% (Ad)
Yes, inflation is down. No, the Inflation Reduction Act doesn't deserve the credit
Stock market today: Asia follows Wall Street lower after US data revive fears about rate hike
Laser breakthrough could send stock soaring 2,467% (Ad)
Illinois governor signs ban on firearms advertising allegedly marketed to kids and militants
Don't expect quick fixes in 'red-teaming' of AI models. Security was an afterthought
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US Steel rejects a $7.3 billion offer from rival Cleveland-Cliffs; considers alternatives
Don't expect quick fixes in 'red-teaming' of AI models. Security was an afterthought
S&P 500   4,464.05
DOW   35,281.40
QQQ   366.24
Biden and House Democrats hope to make curbing 'junk fees' a winning issue in 2024
Laser breakthrough could send stock soaring 2,467% (Ad)
Yes, inflation is down. No, the Inflation Reduction Act doesn't deserve the credit
Stock market today: Asia follows Wall Street lower after US data revive fears about rate hike
Laser breakthrough could send stock soaring 2,467% (Ad)
Illinois governor signs ban on firearms advertising allegedly marketed to kids and militants
Don't expect quick fixes in 'red-teaming' of AI models. Security was an afterthought
Why 2023 Could Kick Off a "Cash Frenzy" in Stocks (Ad)
US Steel rejects a $7.3 billion offer from rival Cleveland-Cliffs; considers alternatives
Don't expect quick fixes in 'red-teaming' of AI models. Security was an afterthought
S&P 500   4,464.05
DOW   35,281.40
QQQ   366.24
Biden and House Democrats hope to make curbing 'junk fees' a winning issue in 2024
Laser breakthrough could send stock soaring 2,467% (Ad)
Yes, inflation is down. No, the Inflation Reduction Act doesn't deserve the credit
Stock market today: Asia follows Wall Street lower after US data revive fears about rate hike
Laser breakthrough could send stock soaring 2,467% (Ad)
Illinois governor signs ban on firearms advertising allegedly marketed to kids and militants
Don't expect quick fixes in 'red-teaming' of AI models. Security was an afterthought
Why 2023 Could Kick Off a "Cash Frenzy" in Stocks (Ad)
US Steel rejects a $7.3 billion offer from rival Cleveland-Cliffs; considers alternatives
Don't expect quick fixes in 'red-teaming' of AI models. Security was an afterthought
S&P 500   4,464.05
DOW   35,281.40
QQQ   366.24
Biden and House Democrats hope to make curbing 'junk fees' a winning issue in 2024
Laser breakthrough could send stock soaring 2,467% (Ad)
Yes, inflation is down. No, the Inflation Reduction Act doesn't deserve the credit
Stock market today: Asia follows Wall Street lower after US data revive fears about rate hike
Laser breakthrough could send stock soaring 2,467% (Ad)
Illinois governor signs ban on firearms advertising allegedly marketed to kids and militants
Don't expect quick fixes in 'red-teaming' of AI models. Security was an afterthought
Why 2023 Could Kick Off a "Cash Frenzy" in Stocks (Ad)
US Steel rejects a $7.3 billion offer from rival Cleveland-Cliffs; considers alternatives
Don't expect quick fixes in 'red-teaming' of AI models. Security was an afterthought
Most-Upgraded StocksMost-Upgraded
NASDAQ:ADBE

Adobe (ADBE) Stock Forecast, Price & News

$508.45
-7.38 (-1.43%)
(As of 08/11/2023 08:47 PM ET)
Compare
Today's Range
$506.37
▼
$514.90
50-Day Range
$418.32
▼
$549.10
52-Week Range
$274.73
▼
$552.94
Volume
1.93 million shs
Average Volume
3.30 million shs
Market Capitalization
$231.75 billion
P/E Ratio
48.52
Dividend Yield
N/A
Price Target
$518.22
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Adobe MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.54 Rating Score
Upside/​Downside
1.9% Upside
$518.22 Price Target
Short Interest
Healthy
0.94% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.55
Upright™ Environmental Score
News Sentiment
0.24mentions of Adobe in the last 14 days
Based on 24 Articles This Week
Insider Trading
Selling Shares
$20.72 M Sold Last Quarter
Proj. Earnings Growth
12.34%
From $12.56 to $14.11 Per Share

Overall MarketRank™

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

2.52 out of 5 stars

Computer And Technology Sector

165th out of 607 stocks

Prepackaged Software Industry

46th out of 207 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.

ADBE Price History

ADBE Stock News Headlines

July 17, 2023 | marketbeat.com
Investors Like Adobe's Potential To Leverage Generative AI
Adobe shares are rising as the company embraces generative AI, potentially revolutionizing content creation. Analysts have a "moderate buy" rating on the stock.
August 12, 2023 | seekingalpha.com
Adobe Inc. (ADBE) Presents at Oppenheimer 26th Annual Technology, Internet & Communications Conference (Transcript)
August 14, 2023 | Chaikin Analytics (Ad)
His system isolated NVIDIA - Here's His Next Buy.
Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.
August 11, 2023 | finance.yahoo.com
Adobe Inc. (NASDAQ:ADBE) is a favorite amongst institutional investors who own 85%
August 10, 2023 | americanbankingnews.com
Adobe Inc. (NASDAQ:ADBE) CAO Sells $156,968.52 in Stock
August 10, 2023 | gurufocus.com
Adobe Inc. (ADBE) Stock Price Soars by Nearly 50% in the Past Three Months
August 9, 2023 | msn.com
EU antitrust regulators extend Adobe, Figma deadline to Jan. 8
August 9, 2023 | finance.yahoo.com
12 Stocks That Will Benefit From AI
August 14, 2023 | Vector Vest (Ad)
Free Stock Analysis Report: See The True Value of Any Stock
Get a full report that tells you what a stock is really worth, how safe the stock is, and if the timing is right to buy the stock. Plus a definitive Buy, Sell, Hold recommendation.
August 9, 2023 | finance.yahoo.com
Arbe Announces Q2 2023 Financial Results
August 8, 2023 | reuters.com
Adobe's Figma deal faces EU competition investigation
August 8, 2023 | techcrunch.com
Europe confirms in-depth probe for Adobe’s $20B Figma acquisition
August 8, 2023 | msn.com
Adobe's $20 billion purchase of Figma is being scrutinized by the EU
August 8, 2023 | msn.com
Europe sticks a monopoly probe into Adobe-Figma merger
August 8, 2023 | msn.com
Adobe's Figma deal in EU antitrust regulators' crosshairs
August 8, 2023 | msn.com
Adobe, Figma deal officially under in-depth review by EU antitrust regulators
August 8, 2023 | msn.com
Adobe’s $20 Billion Figma Takeover Hit by In-Depth EU Probe
August 8, 2023 | news.yahoo.com
Europe confirms in-depth probe for Adobe's $20B Figma acquisition
August 8, 2023 | yahoo.com
Adobe Reports Online Price Declines, Slowing Inflation
August 8, 2023 | cnbc.com
Here are Tuesday's biggest analyst calls: Apple, Home Depot, Tesla, Adobe, Walmart, Disney & more
August 8, 2023 | msn.com
EU joins threat to Adobe’s $20 Billion Figma acquisition with new probe
August 7, 2023 | finance.yahoo.com
Here’s How Generative AI Aided Adobe (ADBE)’s Performance
August 3, 2023 | yahoo.com
Apparently Adobe staff are worried about its AI software
August 2, 2023 | latimes.com
Costa Mesa historians celebrate Diego Sepulveda Adobe’s 200 years with birthday open house
August 2, 2023 | msn.com
Morgan Stanley Upgrades Adobe (ADBE)
August 2, 2023 | realmoney.thestreet.com
Adobe Shares Jump on Sell-Side Firm Upgrade: Now What?
August 1, 2023 | macrumors.com
Apple Announces Alliance With Adobe, NVIDIA, and Others to Develop Pixar's 3D Standard
See More Headlines
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ADBE Company Calendar

Last Earnings
6/15/2023
Today
8/13/2023
Next Earnings (Confirmed)
9/14/2023
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
$518.22
High Stock Price Forecast
$660.00
Low Stock Price Forecast
$350.00
Forecasted Upside/Downside
+1.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.54
Research Coverage
28 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$10.48
Trailing P/E Ratio
48.52
Forward P/E Ratio
40.48
P/E Growth
3.06
Net Income
$4.76 billion
Net Margins
26.34%
Pretax Margin
33.76%
Return on Equity
36.84%
Return on Assets
19.53%

Debt

Debt-to-Equity Ratio
0.24
Current Ratio
1.16
Quick Ratio
1.16

Sales & Book Value

Annual Sales
$17.61 billion
Price / Sales
13.16
Cash Flow
$12.95 per share
Price / Cash Flow
39.27
Book Value
$30.22 per share
Price / Book
16.82

Miscellaneous

Outstanding Shares
455,800,000
Free Float
454,706,000
Market Cap
$231.75 billion
Optionable
Optionable
Beta
1.34

Social Links

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Key Executives

  • Mr. Shantanu NarayenMr. Shantanu Narayen (Age 59)
    Chairman & CEO
    Comp: $4.44M
  • Dr. John E. WarnockDr. John E. Warnock (Age 82)
    Co-Founder & Independent Director
    Comp: $60k
  • Mr. Daniel J. DurnMr. Daniel J. Durn (Age 57)
    CFO and Exec. VP of Fin., Technology Services & Operations
    Comp: $4.79M
  • Mr. David Wadhwani (Age 51)
    Pres of Digital Media Bus.
    Comp: $3.15M
  • Mr. Scott K. BelskyMr. Scott K. Belsky (Age 43)
    Chief Strategy Officer and Exec. VP of Design & Emerging Products
    Comp: $1.36M
  • Dr. Anil S. Chakravarthy (Age 55)
    Pres of Digital Experience Bus.
    Comp: $1.48M
  • Mr. Mark S. Garfield (Age 52)
    Sr. VP, Chief Accounting Officer & Corp. Controller
  • Ms. Cynthia A. Stoddard (Age 66)
    Sr. VP & Chief Information Officer
  • Mr. Jonathan Vaas
    VP of Investor Relations
  • Mr. Dana RaoMr. Dana Rao (Age 53)
    Exec. VP, Gen. Counsel, Chief Trust Officer & Corp. Sec.

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?

28 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last twelve months. There are currently 13 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ADBE shares.
View ADBE analyst ratings or view top-rated stocks.

What is Adobe's stock price forecast for 2023?

28 equities research analysts have issued 1 year price objectives for Adobe's stock. Their ADBE share price forecasts range from $350.00 to $660.00. On average, they anticipate the company's share price to reach $518.22 in the next year. This suggests a possible upside of 1.9% 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 2023?

Adobe's stock was trading at $336.53 at the beginning of the year. Since then, ADBE shares have increased by 51.1% and is now trading at $508.45.
View the best growth stocks for 2023 here.

When is Adobe's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, September 14th 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, September 14th 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 quarterly earnings data on Thursday, June, 15th. The software company reported $3.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $0.12. The software company had revenue of $4.82 billion for the quarter, compared to analysts' expectations of $4.77 billion. Adobe had a trailing twelve-month return on equity of 36.84% and a net margin of 26.34%. The company's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.70 EPS.
Read the conference call transcript.

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 S&P Expanded Tech Software Sector Bull 2X Shares (SWAR), Upholdings Compound Kings ETF (KNGS), SmartETFs Advertising & Marketing Technology ETF (MRAD), Roundhill Generative AI & Technology ETF (CHAT), ETC 6 Meridian Quality Growth ETF (SXQG), Fidelity Metaverse ETF (FMET) and First Trust Expanded Technology ETF (XPND).

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

Adobe updated its third quarter 2023 earnings guidance on Wednesday, June, 21st. The company provided earnings per share (EPS) guidance of $3.95-$4.00 for the period, compared to the consensus earnings per share estimate of $3.89. The company issued revenue guidance of $4.83 billion-$4.87 billion, compared to the consensus revenue estimate of $4.86 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 retail and institutional investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (107.79%), BlackRock Inc. (8.03%), Geode Capital Management LLC (2.14%), Bank of New York Mellon Corp (1.48%), Northern Trust Corp (1.13%) and Fisher Asset Management LLC (1.06%). Insiders that own company stock include Abhay Parasnis, Amy Banse, 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 $508.45.

How much money does Adobe make?

Adobe (NASDAQ:ADBE) has a market capitalization of $231.75 billion and generates $17.61 billion in revenue each year. The software company earns $4.76 billion in net income (profit) each year or $10.48 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 8/14/2023 by MarketBeat.com Staff

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