Adobe (ADBE) Stock Forecast & Price Target

$523.69

+15.56 (+3.06%)

(As of 11:12 AM 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

Moderate Buy
Based on 26 Analyst Ratings

Based on 26 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 26 analysts, 2 have given a sell rating, 7 have given a hold rating, and 17 have given a buy rating for ADBE.

Consensus Price Target

$606.58
15.83% Upside

High Forecast	$730.00
Average Forecast	$606.58
Low Forecast	$450.00

According to the 26 analysts' twelve-month price targets for Adobe, the average price target is $606.58. 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 15.83% from the current price of $523.69.

Type	Current Forecast 9/20/23 to 9/19/24	1 Month Ago 8/21/23 to 8/20/24	3 Months Ago 6/22/23 to 6/21/24	1 Year Ago 9/20/22 to 9/20/23
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	17 Buy rating(s)	20 Buy rating(s)	21 Buy rating(s)	17 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)	8 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$606.58	$601.38	$607.67	$588.15
Forecasted Upside	15.83% Upside	17.47% Upside	18.93% Upside	13.43% 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.

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.

Adobe Stock vs. The Competition

Type	Adobe	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.58	2.64	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	19.37% Upside	93.79% Upside	7.93% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/13/2024	UBS Group 4 of 5 stars		Lower Target	Neutral ➝ Neutral	$560.00 ➝ $550.00	+2.77%
9/13/2024	Bank of America 4 of 5 stars		Reiterated Rating	Buy ➝ Buy	$640.00 ➝ $640.00	+20.32%
9/13/2024	Oppenheimer 3 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$625.00 ➝ $625.00	+17.33%
9/13/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform
9/13/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$660.00 ➝ $660.00	+25.33%
9/13/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$610.00 ➝ $610.00	+15.84%
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9/13/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$635.00 ➝ $635.00	+8.26%
9/13/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$660.00 ➝ $644.00	+9.79%
9/11/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$550.00 ➝ $621.00	+9.50%
9/6/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$600.00 ➝ $650.00	+15.75%
9/4/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$650.00 ➝ $675.00	+16.75%
7/12/2024	Piper Sandler Companies Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight	$635.00	+13.87%
6/14/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$525.00 ➝ $580.00	+10.70%
6/14/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$675.00 ➝ $700.00	+33.02%
6/14/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$445.00 ➝ $450.00	-1.91%
6/14/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$525.00 ➝ $545.00	+18.80%
6/14/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight	$570.00 ➝ $580.00	+26.43%
6/10/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$640.00 ➝ $625.00	+36.13%
6/10/2024	Melius Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Reitzes Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Hold	$510.00	+9.58%
6/7/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$650.00 ➝ $650.00	+39.37%
6/7/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$680.00 ➝ $640.00	+38.72%
3/28/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Luria Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$685.00	+36.38%
3/15/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$557.00 ➝ $511.00	-0.40%
1/18/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underperform	$499.00	-16.29%
12/4/2023	KGI Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$730.00	+19.19%
9/19/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$565.00 ➝ $611.00	+14.58%
9/15/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$550.00 ➝ $625.00	+18.11%
9/15/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$550.00 ➝ $610.00	+14.52%
9/15/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$580.00 ➝ $650.00	+17.72%
9/11/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$600.00 ➝ $660.00	+17.78%
6/16/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
6/16/2023	Atlantic Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$420.00 ➝ $580.00	+18.15%
3/28/2023	Erste Group Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
3/17/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$325.00 ➝ $350.00	-0.93%
1/17/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Roberge Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform
9/22/2022	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Sterling Auty Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Hold	$354.00	+23.65%
9/19/2022	Edward Jones Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 11:31 AM ET.

ADBE Forecast - Frequently Asked Questions

What is Adobe's forecast for 2024?: According to the research reports of 26 Wall Street equities research analysts, the average twelve-month stock price forecast for Adobe is $606.58, with a high forecast of $730.00 and a low forecast of $450.00.
Should I buy or sell Adobe stock right now?: 26 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 17 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 16.08% based on their 12-month stock forecasts.
What analysts cover Adobe?: Adobe has been rated by research analysts at Bank of America, Barclays, Citigroup, JMP Securities, Morgan Stanley, Oppenheimer, Piper Sandler, Piper Sandler Companies, Royal Bank of Canada, Sanford C. Bernstein, Stifel Nicolaus, and UBS Group in the past 90 days.
Do Wall Street analysts like Adobe more than its competitors?: Analysts like Adobe less than other "computer and technology" companies. The consensus rating score for Adobe is 2.58 while the average consensus rating score for "computer and technology" companies is 2.65. Learn more on how ADBE compares to other companies.