Adobe (ADBE) Stock Price, News & Analysis

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ADBE shares.
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27 analysts have issued 12-month price objectives for Adobe's stock. Their ADBE share price targets range from $350.00 to $730.00. On average, they predict the company's stock price to reach $613.14 in the next twelve months. This suggests that the stock has a possible downside of 2.2%.
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Adobe's stock was trading at $596.60 at the beginning of 2024. Since then, ADBE shares have increased by 5.1% and is now trading at $627.21.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 20th 2024.
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Adobe Inc. (NASDAQ:ADBE) posted its quarterly earnings data on Wednesday, December, 13th. The software company reported $4.27 EPS for the quarter, beating the consensus estimate of $4.13 by $0.14. The software company earned $5.05 billion during the quarter, compared to analysts' expectations of $5.01 billion. Adobe had a net margin of 27.97% and a trailing twelve-month return on equity of 38.30%. Adobe's revenue was up 11.6% on a year-over-year basis. During the same period last year, the company earned $2.78 earnings per share.
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ETFs with the largest weight of Adobe (NASDAQ:ADBE) stock in their portfolio include iShares Expanded Tech-Software Sector ETF (IGV), Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares (SWAR), Roundhill S&P Dividend Monarchs ETF (KNGS), SmartETFs Advertising & Marketing Technology ETF (MRAD), Roundhill Generative AI & Technology ETF (CHAT), ETC 6 Meridian Quality Growth ETF (SXQG), Fidelity Metaverse ETF (FMET) and First Trust Expanded Technology ETF (XPND).

Adobe issued an update on its FY 2024 earnings guidance on Wednesday, December, 13th. The company provided earnings per share (EPS) guidance of 17.600-18.000 for the period, compared to the consensus EPS estimate of 18.000. The company issued revenue guidance of $21.3 billion-$21.5 billion, compared to the consensus revenue estimate of $21.7 billion.

989 employees have rated Adobe Chief Executive Officer Shantanu Narayen on Glassdoor.com. Shantanu Narayen has an approval rating of 97% among the company's employees. This puts Shantanu Narayen in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Adobe investors own include NVIDIA (NVDA), Alibaba Group (BABA), Netflix (NFLX), Salesforce (CRM), PayPal (PYPL), Mastercard (MA), Walt Disney (DIS), Tesla (TSLA), Visa (V) and Advanced Micro Devices (AMD).

Adobe's stock is owned by many different retail and institutional investors. Top institutional investors include Primecap Management Co. CA (1.31%), Norges Bank (1.22%), Fisher Asset Management LLC (1.01%), Jennison Associates LLC (0.95%), Charles Schwab Investment Management Inc. (0.58%) and Concentrum Wealth Management (0.53%). Insiders that own company stock include Abhay Parasnis, Amy Banse, Ann Lewnes, Dana Rao, Daniel Durn, David A Ricks, David Wadhwani, Gloria Chen, John E Warnock, John E Warnock, John Francis Murphy, Mark S Garfield, Marshall Kiev, Scott Belsky and Shantanu Narayen.
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Shares of ADBE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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