Adobe (ADBE) Stock Forecast & Price Target

$517.78

+2.30 (+0.45%)

(As of 09/30/2024 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
17.12% 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 17.12% from the current price of $517.78.

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ADBE Analyst Ratings Over Time

Type	Current Forecast 10/2/23 to 10/1/24	1 Month Ago 9/2/23 to 9/1/24	3 Months Ago 7/4/23 to 7/3/24	1 Year Ago 10/2/22 to 10/2/23
Strong Buy	1 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	$606.40	$601.38	$607.67	$594.50
Forecasted Upside	17.12% Upside	4.70% Upside	6.58% Upside	14.08% Upside
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	2.65	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	17.12% Upside	1,695.68% Upside	6.15% Upside
News Sentiment Rating	Neutral 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
9/16/2024	Argus 3 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 4 of 5 stars		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
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%
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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%
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 Tuesday at 05:24 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 Sunday, September 29, 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 recent quarterly revenue of $5.41 billion, beating analyst estimates.
Positive earnings per share results, such as the recent $4.65 earnings per share, surpassing the consensus estimate by $0.12.
High return on equity of 40.67% and a healthy net margin of 24.86%, indicating efficient management of resources and profitability.
Large market capitalization of $232.54 billion, reflecting Adobe's significant presence and stability in the market.
Stable stock price performance, with Adobe trading at $524.45, showing resilience and potential for long-term growth.

Adobe
Bear Case

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

Adobe's relatively high price-to-earnings ratio of 46.99, which may indicate the stock is currently overvalued compared to industry peers.
Higher debt-to-equity ratio of 0.28, suggesting a higher level of debt utilization in the company's capital structure.
Slower growth potential due to a P/E/G ratio of 3.03, indicating a higher price for growth compared to the industry average.
Market volatility and beta of 1.29, which may lead to fluctuations in Adobe's stock price in response to market movements.
Recent insider selling activity or institutional investors reducing their positions, signaling potential concerns about future performance.

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 research 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 research analysts is that investors should "moderate buy" ADBE shares.
: According to analysts, Adobe's stock has a predicted upside of 17.12% 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, Piper Sandler Companies, 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 2.65. Learn more on how ADBE compares to other companies.

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This page (NASDAQ:ADBE) was last updated on 10/1/2024 by MarketBeat.com Staff

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