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Adobe (ADBE) Stock Forecast & Price Target

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$447.17 +9.78 (+2.24%)
(As of 12/20/2024 05:45 PM ET)

Adobe - Analysts' Recommendations and Stock Price Forecast (2025)

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

Sell
2
Hold
8
Buy
18

Based on 28 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 28 analysts, 2 have given a sell rating, 8 have given a hold rating, 17 have given a buy rating, and 1 has given a strong buy rating for ADBE.

Consensus Price Target

$584.88
30.80% Upside
According to the 28 analysts' twelve-month price targets for Adobe, the average price target is $584.88. The highest price target for ADBE is $700.00, while the lowest price target for ADBE is $450.00. The average price target represents a forecasted upside of 30.80% from the current price of $447.17.
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ADBE Analyst Ratings Over Time

TypeCurrent Forecast
12/23/23 to 12/22/24
1 Month Ago
11/23/23 to 11/22/24
3 Months Ago
9/24/23 to 9/23/24
1 Year Ago
12/23/22 to 12/23/23
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
17 Buy rating(s)
17 Buy rating(s)
17 Buy rating(s)
21 Buy rating(s)
Hold
8 Hold rating(s)
7 Hold rating(s)
7 Hold rating(s)
6 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$584.88$606.40$606.40$615.25
Forecasted Upside30.80% Upside18.40% Upside14.88% Upside2.76% Upside
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
2.61
2.68
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside30.80% Upside265.05% Upside14.54% Upside
News Sentiment Rating
Neutral News

See Recent ADBE News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
12/12/2024DA Davidson
3 of 5 stars
 Lower TargetBuy ➝ Buy$685.00 ➝ $625.00+30.60%
12/12/2024Sanford C. Bernstein
3 of 5 stars
 Lower TargetOutperform ➝ Outperform$644.00 ➝ $587.00+21.71%
12/12/2024Barclays
3 of 5 stars
 Lower TargetOverweight ➝ Overweight$675.00 ➝ $645.00+33.63%
12/12/2024Royal Bank of Canada
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 Lower TargetOutperform ➝ Outperform$610.00 ➝ $590.00+23.06%
12/12/2024UBS Group
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 Lower TargetNeutral ➝ Neutral$550.00 ➝ $525.00+9.50%
12/12/2024JMP Securities
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 Reiterated RatingMarket Perform ➝ Market Perform
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12/12/2024Piper Sandler
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 Lower TargetOverweight ➝ Overweight$635.00 ➝ $600.00+9.10%
12/12/2024Oppenheimer
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 Lower TargetOutperform ➝ Outperform$625.00 ➝ $600.00+9.10%
12/12/2024Stifel Nicolaus
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 Lower TargetBuy ➝ Buy$650.00 ➝ $600.00+9.10%
12/12/2024Bank of America
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 Lower TargetBuy ➝ Buy$640.00 ➝ $605.00+10.01%
12/12/2024Mizuho
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 Lower TargetOutperform ➝ Outperform$640.00 ➝ $620.00+12.74%
12/12/2024BMO Capital Markets
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 Lower TargetOutperform ➝ Outperform$600.00 ➝ $570.00+3.65%
12/12/2024Deutsche Bank Aktiengesellschaft
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 Lower TargetBuy ➝ Buy$650.00 ➝ $600.00+9.10%
12/12/2024Jefferies Financial Group
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 Lower TargetBuy ➝ Buy$700.00 ➝ $650.00+18.20%
12/12/2024TD Cowen
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D. Wood
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DowngradeBuy ➝ Hold$625.00 ➝ $550.00+0.01%
12/9/2024Citigroup
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 Lower TargetNeutral ➝ Neutral$616.00 ➝ $590.00+6.70%
9/16/2024Argus
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J. Bonner
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UpgradeStrong-Buy
9/13/2024Morgan Stanley
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 Reiterated RatingOverweight ➝ Overweight$660.00 ➝ $660.00+25.33%
7/12/2024Piper Sandler Companies
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 Reiterated RatingOverweight$635.00+13.87%
6/14/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$675.00 ➝ $700.00+33.02%
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%
6/10/2024Melius 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%
3/15/2024HSBC
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 Lower TargetHold ➝ Hold$557.00 ➝ $511.00-0.40%
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%
9/15/2023The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$550.00 ➝ $625.00+18.11%
9/15/2023Wolfe Research
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 Boost TargetOutperform ➝ Outperform$580.00 ➝ $650.00+17.72%
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

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 08:26 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 Thursday, December 12, 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 has a strong market position with a diverse product portfolio, including the latest versions of Creative Cloud and Document Cloud, which continue to drive revenue growth.
  • The company reported impressive earnings of $4.81 per share, exceeding analysts' expectations, indicating robust financial health and operational efficiency.
  • Adobe's stock is currently trading at $549.93, reflecting a solid performance and potential for future appreciation, especially given its market cap of $242.08 billion.
  • Recent analyst ratings show a consensus of "Moderate Buy," with a price target averaging around $600.79, suggesting potential upside for investors.
  • Adobe's strong return on equity of 42.82% demonstrates effective management and profitability, making it an attractive option for investors seeking growth.

Adobe
Bear Case

red Wall Street bear icon

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

  • Despite its strengths, Adobe's stock has seen significant insider selling, with executives offloading shares, which may signal concerns about future performance.
  • The company has a relatively high price-to-earnings (P/E) ratio of 46.42, which could indicate that the stock is overvalued compared to its earnings potential.
  • Recent price adjustments by analysts, including a reduction from $560.00 to $550.00 by UBS Group, may reflect a cautious outlook on Adobe's near-term growth prospects.
  • Adobe's stock has experienced volatility, with a 52-week range between $433.97 and $638.25, indicating potential risks for investors looking for stability.
  • Institutional investors hold a significant 81.79% of Adobe's stock, which can lead to increased volatility if large shareholders decide to sell off their positions.

ADBE Forecast - Frequently Asked Questions

According to the research reports of 28 Wall Street equities research analysts, the average twelve-month stock price forecast for Adobe is $584.88, with a high forecast of $700.00 and a low forecast of $450.00.

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last year. There are currently 2 sell ratings, 8 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 30.80% based on their 12-month stock forecasts.

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

Analysts like Adobe less than other "computer and technology" companies. The consensus rating score for Adobe is 2.61 while the average consensus rating score for "computer and technology" companies is 2.69. Learn more on how ADBE compares to other companies.


This page (NASDAQ:ADBE) was last updated on 12/22/2024 by MarketBeat.com Staff
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