Adobe (ADBE) Stock Forecast, Price Target & Predictions
ADBE Stock Forecast
Adobe stock forecast is as follows: an average price target of $589.17 (represents a 9.74% upside from ADBE’s last price of $536.87) and a rating consensus of 'Buy', based on 32 wall street analysts offering a 1-year stock forecast.
ADBE Price Target
The average price target for Adobe (ADBE) is $589.17 based on 1-year price targets from 32 Wall Street analysts in the past 3 months, with a price target range of $730.00 to $200.00. This represents a potential 9.74% upside from ADBE's last price of $536.87.
ADBE Analyst Ratings
According to 32 Wall Street analysts, Adobe's rating consensus is 'Buy'. The analyst rating breakdown for ADBE stock is 0 'Strong Buy' (0.00%), 23 'Buy' (71.88%), 8 'Hold' (25.00%), 1 'Sell' (3.13%), and 0 'Strong Sell' (0.00%).
Adobe Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 13, 2024 | Jackson Ader | Loop Capital Markets | $450.00 | $531.38 | -15.31% | -16.18% |
| Sep 13, 2024 | Alex Zukin | RBC Capital | $610.00 | $586.55 | 4.00% | 13.62% |
| Sep 13, 2024 | Mark Moerdler | Bernstein | $644.00 | $586.55 | 9.79% | 19.95% |
| Sep 13, 2024 | Alex Zukin | Wolfe Research | $685.00 | $586.55 | 16.78% | 27.59% |
| Sep 13, 2024 | Tyler Radke | Citigroup | $616.00 | $586.55 | 5.02% | 14.74% |
| Sep 13, 2024 | Stephen Bersey | HSBC | $536.00 | $586.55 | -8.62% | -0.16% |
| Sep 12, 2024 | Brent Bracelin | Piper Sandler | $635.00 | $584.45 | 8.65% | 18.28% |
| Sep 12, 2024 | Karl Keirstead | UBS | $600.00 | $584.45 | 2.66% | 11.76% |
| Sep 12, 2024 | Brian Schwartz | Oppenheimer | $625.00 | $584.45 | 6.94% | 16.42% |
| Sep 10, 2024 | Tyler Radke | Citigroup | $621.00 | $574.62 | 8.07% | 15.67% |
The latest Adobe stock forecast, released on Sep 13, 2024 by Jackson Ader from Loop Capital Markets, set a price target of $450.00, which represents a -15.31% decrease from the stock price at the time of the forecast ($531.38), and a -16.18% decrease from ADBE last price ($536.87).
Adobe Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 11 | 13 | 47 |
| Avg Price Target | $606.55 | $613.62 | $621.43 |
| Last Closing Price | $536.87 | $536.87 | $536.87 |
| Upside/Downside | 12.98% | 14.30% | 15.75% |
In the current month, the average price target of Adobe stock is $606.55, according to 11 Wall Street analysts offering twelve months forecast. The average price target represents a 12.98% increase as opposed to Adobe's last price of $536.87. This month's average price target is down -1.15% compared to last quarter, and down -2.39% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 13, 2024 | Bank of America Securities | Buy | Buy | Hold |
| Sep 13, 2024 | KeyBanc | Underweight | Underweight | Hold |
| Sep 13, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Sep 13, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Sep 13, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Sep 13, 2024 | Wolfe Research | Outperform | Outperform | Hold |
| Sep 13, 2024 | Goldman Sachs | Buy | Buy | Hold |
| Sep 13, 2024 | HSBC | Hold | Hold | Hold |
| Sep 12, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Sep 12, 2024 | Bernstein | Outperform | Outperform | Hold |
Adobe's last stock rating was published by Bank of America Securities on Sep 13, 2024. The company gave ADBE a "Buy" rating, the same as its previous rate.
Adobe Financial Forecast
Adobe Revenue Forecast
| Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Mar 22 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | Mar 20 | Dec 19 | Aug 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $5.05B | - | $4.82B | - | - | - | - | $4.26B | $4.11B | - | - | $3.90B | - | $3.23B | $3.13B | - | - | $2.83B |
| Avg Forecast | $6.85B | $6.65B | $6.51B | $6.33B | $6.19B | $6.02B | $5.89B | $5.73B | $5.54B | $5.37B | $5.29B | $5.14B | $5.01B | $4.87B | $4.77B | $4.62B | $4.53B | $3.66B | $3.60B | $3.67B | $3.39B | $3.33B | $3.27B | $3.34B | $3.08B | $3.02B | $2.97B | $3.04B | $2.95B | $2.72B |
| High Forecast | $6.92B | $6.72B | $6.58B | $6.40B | $6.26B | $6.08B | $5.96B | $5.77B | $5.56B | $5.43B | $5.35B | $5.20B | $5.02B | $4.92B | $4.82B | $4.67B | $4.58B | $4.39B | $4.32B | $4.41B | $4.07B | $3.99B | $3.93B | $4.01B | $3.70B | $3.63B | $3.57B | $3.64B | $3.54B | $3.27B |
| Low Forecast | $6.79B | $6.60B | $6.46B | $6.28B | $6.14B | $5.97B | $5.85B | $5.66B | $5.53B | $5.33B | $5.25B | $5.10B | $5.00B | $4.83B | $4.73B | $4.59B | $4.49B | $2.93B | $2.88B | $2.94B | $2.71B | $2.66B | $2.62B | $2.67B | $2.47B | $2.42B | $2.38B | $2.43B | $2.36B | $2.18B |
| # Analysts | 7 | 7 | 7 | 13 | 6 | 6 | 6 | 15 | 17 | 8 | 8 | 12 | 17 | 14 | 8 | 8 | 7 | 17 | 18 | 19 | 18 | 15 | 17 | 14 | 9 | 20 | 19 | 10 | 13 | 10 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | - | 1.01% | - | - | - | - | 1.16% | 1.21% | - | - | 1.17% | - | 1.07% | 1.05% | - | - | 1.04% |
Adobe's average Quarter revenue forecast for Feb 24 based on 12 analysts is $5.14B, with a low forecast of $5.10B, and a high forecast of $5.20B. ADBE's average Quarter revenue forecast represents a 1.89% increase compared to the company's last Quarter revenue of $5.05B (Nov 23).
Adobe EBITDA Forecast
| Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Mar 22 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | Mar 20 | Dec 19 | Aug 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 7 | 7 | 13 | 6 | 6 | 6 | 15 | 17 | 8 | 8 | 12 | 17 | 14 | 8 | 8 | 7 | 17 | 18 | 19 | 18 | 15 | 17 | 14 | 9 | 20 | 19 | 10 | 13 | 10 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $2.05B | - | $1.89B | - | - | - | - | $1.79B | $1.70B | - | - | $1.66B | - | $1.28B | $1.22B | - | - | $1.02B |
| Avg Forecast | $2.68B | $2.61B | $2.55B | $2.48B | $2.43B | $2.36B | $2.31B | $2.24B | $2.17B | $2.10B | $2.07B | $1.64B | $1.96B | $1.91B | $1.87B | $1.49B | $1.77B | $1.44B | $1.40B | $1.35B | $1.40B | $1.31B | $1.27B | $1.23B | $1.27B | $1.19B | $1.15B | $1.12B | $1.27B | $982.96M |
| High Forecast | $2.71B | $2.63B | $2.58B | $2.51B | $2.45B | $2.38B | $2.33B | $2.26B | $2.18B | $2.13B | $2.10B | $1.97B | $1.97B | $1.93B | $1.89B | $1.79B | $1.79B | $1.73B | $1.67B | $1.63B | $1.68B | $1.58B | $1.52B | $1.48B | $1.53B | $1.43B | $1.38B | $1.34B | $1.52B | $1.18B |
| Low Forecast | $2.66B | $2.59B | $2.53B | $2.46B | $2.41B | $2.34B | $2.29B | $2.22B | $2.17B | $2.09B | $2.06B | $1.31B | $1.96B | $1.89B | $1.85B | $1.19B | $1.76B | $1.16B | $1.12B | $1.08B | $1.12B | $1.05B | $1.01B | $985.21M | $1.02B | $955.27M | $922.70M | $895.64M | $1.02B | $786.37M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | - | 1.01% | - | - | - | - | 1.32% | 1.22% | - | - | 1.35% | - | 1.07% | 1.05% | - | - | 1.04% |
12 analysts predict ADBE's average Quarter EBITDA for Feb 24 to be $1.64B, with a high of $1.97B and a low of $1.31B. This is -20.20% lower than Adobe's previous annual EBITDA (Nov 23) of $2.05B.
Adobe Net Income Forecast
| Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Mar 22 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | Mar 20 | Dec 19 | Aug 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 7 | 7 | 13 | 6 | 6 | 6 | 15 | 17 | 8 | 8 | 12 | 17 | 14 | 8 | 8 | 7 | 17 | 18 | 19 | 18 | 15 | 17 | 14 | 9 | 20 | 19 | 10 | 13 | 10 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $1.48B | - | $1.29B | - | - | - | - | $1.27B | $1.23B | - | - | $1.26B | - | $955.00M | $1.10B | - | - | $792.76M |
| Avg Forecast | $2.73B | $2.66B | $2.58B | $2.51B | $2.39B | $2.33B | $2.27B | $2.22B | $2.09B | $2.03B | $1.97B | $1.37B | $1.85B | $1.78B | $1.70B | $1.25B | $1.57B | $1.08B | $1.26B | $1.13B | $2.23B | $980.76M | $1.15B | $1.03B | $2.02B | $891.60M | $1.04B | $937.87M | $840.55M | $760.57M |
| High Forecast | $2.77B | $2.70B | $2.61B | $2.54B | $2.43B | $2.36B | $2.30B | $2.34B | $2.11B | $2.06B | $1.99B | $1.65B | $1.86B | $1.81B | $1.72B | $1.50B | $1.59B | $1.29B | $1.51B | $1.36B | $2.67B | $1.18B | $1.38B | $1.24B | $2.43B | $1.07B | $1.25B | $1.13B | $1.01B | $912.68M |
| Low Forecast | $2.70B | $2.64B | $2.55B | $2.48B | $2.37B | $2.31B | $2.24B | $2.17B | $2.07B | $2.01B | $1.95B | $1.10B | $1.84B | $1.76B | $1.68B | $998.64M | $1.55B | $863.07M | $1.01B | $907.86M | $1.78B | $784.61M | $918.15M | $825.33M | $1.62B | $713.28M | $834.68M | $750.30M | $672.44M | $608.46M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.80% | - | 0.76% | - | - | - | - | 1.12% | 0.55% | - | - | 1.22% | - | 1.07% | 1.05% | - | - | 1.04% |
Adobe's average Quarter net income forecast for Feb 24 is $1.37B, with a range of $1.10B to $1.65B. ADBE's average Quarter net income forecast represents a -7.41% decrease compared to the company's last Quarter net income of $1.48B (Nov 23).
Adobe SG&A Forecast
| Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Mar 22 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | Mar 20 | Dec 19 | Aug 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 7 | 7 | 13 | 6 | 6 | 6 | 15 | 17 | 8 | 8 | 12 | 17 | 14 | 8 | 8 | 7 | 17 | 18 | 19 | 18 | 15 | 17 | 14 | 9 | 20 | 19 | 10 | 13 | 10 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $1.74B | - | $1.70B | - | - | - | - | $1.43B | $1.41B | - | - | $1.34B | - | $1.12B | $1.13B | - | - | $1.03B |
| Avg Forecast | $2.42B | $2.35B | $2.30B | $2.24B | $2.19B | $2.13B | $2.08B | $2.02B | $1.96B | $1.90B | $1.87B | $1.62B | $1.77B | $1.72B | $1.69B | $1.47B | $1.60B | $1.27B | $1.29B | $1.34B | $1.17B | $1.15B | $1.17B | $1.22B | $1.07B | $1.05B | $1.07B | $1.11B | $1.01B | $989.68M |
| High Forecast | $2.44B | $2.37B | $2.32B | $2.26B | $2.21B | $2.15B | $2.10B | $2.04B | $1.96B | $1.92B | $1.89B | $1.95B | $1.77B | $1.74B | $1.70B | $1.77B | $1.62B | $1.52B | $1.55B | $1.61B | $1.41B | $1.38B | $1.41B | $1.46B | $1.28B | $1.26B | $1.28B | $1.33B | $1.22B | $1.19B |
| Low Forecast | $2.40B | $2.33B | $2.28B | $2.22B | $2.17B | $2.11B | $2.07B | $2.00B | $1.95B | $1.88B | $1.85B | $1.30B | $1.77B | $1.71B | $1.67B | $1.18B | $1.59B | $1.01B | $1.03B | $1.07B | $937.73M | $921.81M | $939.01M | $974.83M | $852.48M | $838.01M | $853.65M | $886.21M | $811.11M | $791.74M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | - | 1.01% | - | - | - | - | 1.06% | 1.20% | - | - | 1.10% | - | 1.07% | 1.05% | - | - | 1.04% |
Adobe's average Quarter SG&A projection for Feb 24 is $1.62B, based on 12 Wall Street analysts, with a range of $1.30B to $1.95B. The forecast indicates a -6.79% fall compared to ADBE last annual SG&A of $1.74B (Nov 23).
Adobe EPS Forecast
| Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Mar 22 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | Mar 20 | Dec 19 | Aug 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 7 | 7 | 13 | 6 | 6 | 6 | 15 | 17 | 8 | 8 | 12 | 17 | 14 | 8 | 8 | 7 | 17 | 18 | 19 | 18 | 15 | 17 | 14 | 9 | 20 | 19 | 10 | 13 | 10 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $3.26 | - | $2.83 | - | - | - | - | $2.68 | $2.59 | - | - | $2.63 | - | $1.99 | $2.28 | - | - | $1.63 |
| Avg Forecast | $6.09 | $5.95 | $5.75 | $5.60 | $5.34 | $5.20 | $5.06 | $4.95 | $4.66 | $4.53 | $4.39 | $4.38 | $4.13 | $3.98 | $3.79 | $3.68 | $3.50 | $1.27 | $1.15 | $1.43 | $1.89 | $1.25 | $1.01 | $2.41 | $1.98 | $2.25 | $2.21 | $2.19 | $2.23 | $1.89 |
| High Forecast | $6.18 | $6.03 | $5.83 | $5.68 | $5.42 | $5.27 | $5.13 | $5.22 | $4.71 | $4.60 | $4.45 | $4.44 | $4.15 | $4.03 | $3.84 | $3.73 | $3.55 | $1.29 | $1.16 | $1.46 | $1.93 | $1.27 | $1.03 | $2.89 | $2.38 | $2.70 | $2.65 | $2.63 | $2.68 | $2.27 |
| Low Forecast | $6.03 | $5.88 | $5.69 | $5.54 | $5.29 | $5.15 | $5.01 | $4.85 | $4.61 | $4.49 | $4.35 | $4.33 | $4.11 | $3.94 | $3.75 | $3.64 | $3.47 | $1.26 | $1.15 | $1.42 | $1.88 | $1.24 | $1.00 | $1.93 | $1.58 | $1.80 | $1.77 | $1.75 | $1.78 | $1.51 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.79% | - | 0.75% | - | - | - | - | 1.88% | 1.37% | - | - | 1.09% | - | 0.88% | 1.03% | - | - | 0.86% |
According to 12 Wall Street analysts, Adobe's projected average Quarter EPS for Feb 24 is $4.38, with a low estimate of $4.33 and a high estimate of $4.44. This represents a 34.28% increase compared to ADBE previous annual EPS of $3.26 (Nov 23).
Adobe Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| SQ | Block | $63.99 | $130.05 | 103.23% | Buy |
| OKTA | Okta | $74.06 | $120.69 | 62.96% | Hold |
| ZS | Zscaler | $170.06 | $232.54 | 36.74% | Buy |
| CRWD | CrowdStrike | $259.13 | $322.56 | 24.48% | Buy |
| NET | Cloudflare | $78.59 | $95.00 | 20.88% | Hold |
| ADBE | Adobe | $536.87 | $589.17 | 9.74% | Buy |
| MSFT | Microsoft | $430.59 | $432.95 | 0.55% | Buy |
| PANW | Palo Alto Networks | $346.90 | $312.48 | -9.92% | Buy |
| PLTR | Palantir | $35.59 | $20.72 | -41.78% | Buy |
ADBE Forecast FAQ
Is Adobe a good buy?
Yes, according to 32 Wall Street analysts, Adobe (ADBE) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 23 'Buy' recommendations, accounting for 71.88% of ADBE's total ratings.
What is ADBE's price target?
Adobe (ADBE) average price target is $589.17 with a range of $200 to $730, implying a 9.74% from its last price of $536.87. The data is based on 32 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Adobe stock go up soon?
According to Wall Street analysts' prediction for ADBE stock, the company can go up by 9.74% (from the last price of $536.87 to the average price target of $589.17), up by 35.97% based on the highest stock price target, and down by -62.75% based on the lowest stock price target.
Can Adobe stock reach $800?
ADBE's average twelve months analyst stock price target of $589.17 does not support the claim that Adobe can reach $800 in the near future.
What is Adobe's current price target trend?
11 Wall Street analysts forecast a $606.55 price target for Adobe (ADBE) this month, up 12.98% from its last price of $536.87. Compared to the last 3 and 12 months, the average price target increased by 14.30% and increased by 15.75%, respectively.
What are Adobe's analysts' financial forecasts?
Adobe's analysts financial forecasts for the fiscal year (Nov 2025) are as follows: average revenue is $23.83B (high $24.07B, low $23.62B), average EBITDA is $9.34B (high $9.43B, low $9.25B), average net income is $9.21B (high $9.42B, low $9.09B), average SG&A $8.42B (high $8.5B, low $8.34B), and average EPS is $20.55 (high $21.04, low $20.29). ADBE's analysts financial forecasts for the fiscal year (Nov 2026) are as follows: average revenue is $26.34B (high $26.62B, low $26.13B), average EBITDA is $10.32B (high $10.43B, low $10.24B), average net income is $10.48B (high $10.62B, low $10.37B), average SG&A $9.3B (high $9.4B, low $9.23B), and average EPS is $23.39 (high $23.71, low $23.15).
Did the ADBE's actual financial results beat the analysts' financial forecasts?
Based on Adobe's last annual report (Nov 2023), the company's revenue was $19.41B, beating the average analysts forecast of $19.28B by 0.69%. Apple's EBITDA was $7.77B, beating the average prediction of $7.23B by 7.44%. The company's net income was $5.43B, missing the average estimation of $6.58B by -17.52%. Apple's SG&A was $6.76B, beating the average forecast of $6.65B by 1.72%. Lastly, the company's EPS was $11.93, missing the average prediction of $15.58 by -23.44%. In terms of the last quarterly report (Nov 2023), Adobe's revenue was $5.05B, beating the average analysts' forecast of $5.01B by 0.67%. The company's EBITDA was $2.05B, beating the average prediction of $1.96B by 4.57%. Adobe's net income was $1.48B, missing the average estimation of $1.85B by -19.93%. The company's SG&A was $1.74B, missing the average forecast of $1.77B by -1.75%. Lastly, the company's EPS was $3.26, missing the average prediction of $4.13 by -21.15%