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Adobe (ADBE) Stock Forecast & Price Target

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$499.50 -0.11 (-0.02%)
(As of 11/20/2024 ET)
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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

Moderate Buy
Based on 27 Analyst Ratings
Sell
2
Hold
7
Buy
18

Based on 27 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 27 analysts, 2 have given a sell rating, 7 have given a hold rating, 17 have given a buy rating, and 1 has given a strong buy rating for ADBE.

Consensus Price Target

$606.40
21.40% Upside
According to the 27 analysts' twelve-month price targets for Adobe, the average price target is $606.40. 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 21.40% from the current price of $499.50.
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ADBE Analyst Ratings Over Time

TypeCurrent Forecast
11/22/23 to 11/21/24		1 Month Ago
10/23/23 to 10/22/24		3 Months Ago
8/24/23 to 8/23/24		1 Year Ago
11/22/22 to 11/22/23
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
17 Buy rating(s)
17 Buy rating(s)
20 Buy rating(s)
19 Buy rating(s)
Hold
7 Hold rating(s)
7 Hold rating(s)
7 Hold rating(s)
7 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$606.40$606.40$601.38$603.22
Forecasted Upside21.40% Upside22.97% Upside7.72% Upside-2.66% Downside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

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
2.68
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside21.40% Upside550.19% Upside9.83% Upside
News Sentiment Rating
Positive News

See Recent ADBE News
Positive News
Positive News
Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/15/2024Royal Bank of Canada
4 of 5 stars		 Reiterated RatingOutperform ➝ Outperform$610.00 ➝ $610.00+17.96%
9/16/2024Argus
2 of 5 stars		J. Bonner
Subscribe to MarketBeat All Access for the recommendation accuracy rating		UpgradeStrong-Buy
9/13/2024UBS Group
4 of 5 stars		 Lower TargetNeutral ➝ Neutral$560.00 ➝ $550.00+2.77%
9/13/2024Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Buy$640.00 ➝ $640.00+20.32%
9/13/2024Oppenheimer
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOutperform ➝ Outperform$625.00 ➝ $625.00+17.33%
9/13/2024JMP Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingMarket Perform
9/13/2024Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOverweight ➝ Overweight$660.00 ➝ $660.00+25.33%
9/13/2024Piper Sandler
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOverweight ➝ Overweight$635.00 ➝ $635.00+8.26%
9/13/2024Sanford C. Bernstein
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform ➝ Outperform$660.00 ➝ $644.00+9.79%
9/11/2024Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$550.00 ➝ $621.00+9.50%
9/6/2024Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$600.00 ➝ $650.00+15.75%
9/4/2024Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$650.00 ➝ $675.00+16.75%
7/12/2024Piper Sandler Companies
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOverweight$635.00+13.87%
6/14/2024BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform ➝ Outperform$525.00 ➝ $580.00+10.70%
6/14/2024Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$675.00 ➝ $700.00+33.02%
6/14/2024KeyCorp
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetUnderweight ➝ Underweight$445.00 ➝ $450.00-1.91%
6/14/2024Robert W. Baird
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$525.00 ➝ $545.00+18.80%
6/14/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeNeutral ➝ Overweight$570.00 ➝ $580.00+26.43%
6/10/2024TD Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$640.00 ➝ $625.00+36.13%
6/10/2024Melius Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating		B. Reitzes
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated RatingBuy ➝ Hold$510.00+9.58%
6/7/2024Evercore ISI
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOutperform ➝ Outperform$650.00 ➝ $650.00+39.37%
6/7/2024Mizuho
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Buy$680.00 ➝ $640.00+38.72%
3/28/2024DA Davidson
Subscribe to MarketBeat All Access for the recommendation accuracy rating		G. Luria
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated RatingBuy ➝ Buy$685.00+36.38%
3/15/2024HSBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetHold ➝ Hold$557.00 ➝ $511.00-0.40%
1/18/2024BNP Paribas
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeNeutral ➝ Underperform$499.00-16.29%
12/4/2023KGI Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeNeutral ➝ Outperform$730.00+19.19%
9/15/2023The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$550.00 ➝ $625.00+18.11%
9/15/2023Deutsche Bank Aktiengesellschaft
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$550.00 ➝ $610.00+14.52%
9/15/2023Wolfe Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform ➝ Outperform$580.00 ➝ $650.00+17.72%
9/11/2023Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$600.00 ➝ $660.00+17.78%
6/16/2023888
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingMaintains
6/16/2023Atlantic Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost Target$420.00 ➝ $580.00+18.15%
3/28/2023Erste Group Bank
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeHold ➝ Buy
3/17/2023Credit Suisse Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral$325.00 ➝ $350.00-0.93%
1/17/2023William Blair
Subscribe to MarketBeat All Access for the recommendation accuracy rating		J. Roberge
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated CoverageOutperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 08:52 AM ET.


Should I Buy Adobe Stock? ADBE Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, November 6, 2024. Please send any questions or comments about these Adobe pros and cons to contact@marketbeat.com.

Adobe
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Adobe:

  • Adobe's consistent revenue growth and strong financial performance, with a market capitalization of $219.67 billion, indicating stability and potential for long-term growth.
  • Recent quarterly earnings report showing Adobe beating analysts' consensus estimates, with a return on equity of 42.82% and a net margin of 25.59%, reflecting a profitable business model.
  • Positive analyst ratings, with a consensus rating of "Moderate Buy" and a consensus price target of $606.40, suggesting confidence in Adobe's future performance.
  • Insider activity showing strategic selling of shares by company executives, indicating confidence in Adobe's current valuation and potential for future growth.
  • Adobe's diverse product portfolio, including industry-leading software solutions like Adobe Creative Cloud, which continues to drive innovation and customer loyalty.

Adobe
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Adobe for these reasons:

  • Adobe's stock trading down 1.6% recently, indicating short-term market volatility and potential uncertainty among investors.
  • Recent target price adjustments by analysts, with Sanford C. Bernstein cutting their target price on Adobe, signaling potential concerns about future growth prospects.
  • Increased selling of company stock by insiders in the last three months, totaling 33,759 shares worth $17,642,653, which may raise questions about executive sentiment towards Adobe's stock performance.
  • Competition in the software industry leading to pricing pressures and potential challenges for Adobe to maintain its market share and profitability.
  • Market conditions and economic uncertainties impacting technology stocks, which could affect Adobe's stock price and overall performance in the near term.

ADBE Forecast - Frequently Asked Questions

According to the research reports of 27 Wall Street equities research analysts, the average twelve-month stock price forecast for Adobe is $606.40, with a high forecast of $730.00 and a low forecast of $450.00.

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last year. There are currently 2 sell ratings, 7 hold ratings, 17 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ADBE shares.

According to analysts, Adobe's stock has a predicted upside of 21.40% based on their 12-month stock forecasts.

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

Analysts like Adobe less 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 2.68. Learn more on how ADBE compares to other companies.

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This page (NASDAQ:ADBE) was last updated on 11/21/2024 by MarketBeat.com Staff
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