Adobe (ADBE) Stock Forecast & Price Target

$499.50 -0.11 (-0.02%)

(As of 11/20/2024 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 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

Type	Current 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 Upside	21.40% Upside	22.97% Upside	7.72% Upside	-2.66% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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	2.63	2.68	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	21.40% Upside	550.19% Upside	9.83% Upside
News Sentiment Rating	Positive News See Recent ADBE News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/15/2024	Royal Bank of Canada 4 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$610.00 ➝ $610.00	+17.96%
9/16/2024	Argus 2 of 5 stars	J. Bonner Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
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 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$640.00 ➝ $640.00	+20.32%
9/13/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		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
Get the Latest News and Ratings for ADBE and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Adobe and its competitors with MarketBeat's FREE daily newsletter.
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	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%
9/15/2023	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

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 03:46 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

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

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.
: Adobe has been rated by research analysts at Argus, Bank of America, Barclays, Citigroup, JMP Securities, Morgan Stanley, Oppenheimer, Piper Sandler, Royal Bank of Canada, Sanford C. Bernstein, Stifel Nicolaus, and UBS Group in the past 90 days.
: 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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Adobe (ADBE) Stock Forecast & Price Target