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Adobe (ADBE) Stock Forecast, Price Target & Predictions

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ADBE Stock Forecast

Adobe stock forecast is as follows: an average price target of $592.03 (represents a 18.50% upside from ADBE’s last price of $499.61) 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 $592.03 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 18.50% upside from ADBE's last price of $499.61.

ADBE Analyst Ratings

Buy

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 16, 2024Joseph BonnerArgus Research$675.00$532.5826.74%35.11%
Sep 13, 2024Jackson AderLoop Capital Markets$450.00$531.38-15.31%-9.93%
Sep 13, 2024Alex ZukinRBC Capital$610.00$586.554.00%22.10%
Sep 13, 2024Mark MoerdlerBernstein$644.00$586.559.79%28.90%
Sep 13, 2024Alex ZukinWolfe Research$685.00$586.5516.78%37.11%
Sep 13, 2024Tyler RadkeCitigroup$616.00$586.555.02%23.30%
Sep 13, 2024Stephen BerseyHSBC$536.00$586.55-8.62%7.28%
Sep 12, 2024Brian SchwartzOppenheimer$625.00$584.456.94%25.10%
Sep 12, 2024Brent BracelinPiper Sandler$635.00$584.458.65%27.10%
Sep 12, 2024Karl KeirsteadUBS$600.00$584.452.66%20.09%
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The latest Adobe stock forecast, released on Sep 16, 2024 by Joseph Bonner from Argus Research, set a price target of $675.00, which represents a 26.74% increase from the stock price at the time of the forecast ($532.58), and a 35.11% increase from ADBE last price ($499.61).

Adobe Price Target by Period

1M3M12M
# Anlaysts-1246
Avg Price Target-$612.25$620.70
Last Closing Price$499.61$499.61$499.61
Upside/Downside-100.00%22.55%24.24%

In the current month, the average price target of Adobe stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Adobe's last price of $499.61. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 17, 2024CitigroupNeutralNeutralHold
Oct 15, 2024JMP SecuritiesMarket PerformMarket PerformHold
Oct 15, 2024Goldman SachsBuyBuyHold
Oct 15, 2024KeyBancUnderweightUnderweightHold
Oct 15, 2024UBSBuyBuyHold
Oct 15, 2024BMO CapitalOutperformOutperformHold
Oct 15, 2024Piper SandlerOverweightOverweightHold
Oct 15, 2024Morgan StanleyOverweightOverweightHold
Oct 15, 2024RBC CapitalOutperformOutperformHold
Oct 14, 2024Evercore ISIOutperformOutperformHold
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Adobe's last stock rating was published by Citigroup on Oct 17, 2024. The company gave ADBE a "Neutral" rating, the same as its previous rate.

Adobe Financial Forecast

Adobe Revenue Forecast

Nov 26Aug 26May 26Mar 26Nov 25Aug 25May 25Mar 25Nov 24Aug 24May 24Mar 24Nov 23Aug 23May 23Mar 23Nov 22Aug 22May 22Mar 22Nov 21Aug 21May 21Mar 21Nov 20Aug 20May 20Mar 20Nov 19Aug 19
Revenue------------$5.05B-$4.82B$4.66B---$4.26B---$3.90B$3.42B$3.23B$3.13B-$2.99B$2.83B
Avg Forecast$6.83B$6.65B$6.50B$6.33B$6.19B$6.02B$5.89B$5.72B$5.54B$5.37B$5.29B$5.14B$5.01B$4.87B$4.77B$4.62B$4.53B$4.44B$4.34B$4.24B$4.09B$3.89B$3.73B$3.75B$3.36B$3.16B$3.16B$3.05B$2.97B$2.82B
High Forecast$6.91B$6.72B$6.57B$6.39B$6.25B$6.08B$5.95B$5.77B$5.55B$5.37B$5.29B$5.15B$5.02B$4.92B$4.82B$4.67B$4.57B$4.49B$4.39B$4.29B$4.13B$3.94B$3.77B$3.80B$3.40B$3.19B$3.19B$3.08B$3.01B$2.85B
Low Forecast$6.77B$6.59B$6.44B$6.27B$6.13B$5.97B$5.84B$5.67B$5.52B$5.37B$5.29B$5.13B$5.00B$4.82B$4.73B$4.58B$4.49B$4.41B$4.32B$4.21B$4.06B$3.87B$3.70B$3.73B$3.34B$3.14B$3.14B$3.03B$2.95B$2.80B
# Analysts66665551318981217138878147168118999988
Surprise %------------1.01%-1.01%1.01%---1.01%---1.04%1.02%1.02%0.99%-1.01%1.01%

Adobe's average Quarter revenue forecast for Mar 24 based on 12 analysts is $5.14B, with a low forecast of $5.13B, and a high forecast of $5.15B. 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 26Aug 26May 26Mar 26Nov 25Aug 25May 25Mar 25Nov 24Aug 24May 24Mar 24Nov 23Aug 23May 23Mar 23Nov 22Aug 22May 22Mar 22Nov 21Aug 21May 21Mar 21Nov 20Aug 20May 20Mar 20Nov 19Aug 19
# Analysts66665551318981217138878147168118999988
EBITDA------------$2.05B-$1.89B$1.84B---$1.79B---$1.66B$1.41B$1.28B$1.22B-$1.29B$1.02B
Avg Forecast$2.64B$2.57B$2.51B$2.44B$2.39B$2.33B$2.28B$2.21B$2.14B$2.08B$2.04B$1.64B$1.94B$1.88B$1.84B$1.49B$1.54B$1.74B$1.70B$1.35B$1.60B$1.53B$1.46B$1.23B$1.32B$1.24B$1.24B$1.12B$1.16B$1.10B
High Forecast$2.67B$2.59B$2.54B$2.47B$2.42B$2.35B$2.30B$2.23B$2.14B$2.08B$2.04B$1.97B$1.94B$1.90B$1.86B$1.79B$1.85B$1.76B$1.72B$1.63B$1.62B$1.54B$1.48B$1.48B$1.33B$1.25B$1.25B$1.34B$1.18B$1.12B
Low Forecast$2.62B$2.55B$2.49B$2.42B$2.37B$2.30B$2.26B$2.19B$2.13B$2.08B$2.04B$1.31B$1.93B$1.86B$1.83B$1.19B$1.23B$1.73B$1.69B$1.08B$1.59B$1.52B$1.45B$985.21M$1.31B$1.23B$1.23B$895.64M$1.16B$1.10B
Surprise %------------1.06%-1.03%1.24%---1.32%---1.35%1.07%1.03%0.98%-1.11%0.93%

12 analysts predict ADBE's average Quarter EBITDA for Mar 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 26Aug 26May 26Mar 26Nov 25Aug 25May 25Mar 25Nov 24Aug 24May 24Mar 24Nov 23Aug 23May 23Mar 23Nov 22Aug 22May 22Mar 22Nov 21Aug 21May 21Mar 21Nov 20Aug 20May 20Mar 20Nov 19Aug 19
# Analysts66665551318981217138878147168118999988
Net Income------------$1.48B-$1.29B$1.25B---$1.27B---$1.26B$2.25B$955.00M$1.10B-$851.86M$792.76M
Avg Forecast$2.72B$2.65B$2.57B$2.50B$2.39B$2.33B$2.26B$2.22B$2.09B$2.03B$1.97B$1.37B$1.85B$1.78B$1.70B$1.25B$2.45B$1.50B$1.48B$1.13B$1.43B$1.35B$1.26B$1.03B$1.19B$1.08B$1.04B$937.87M$1.01B$883.51M
High Forecast$2.75B$2.69B$2.60B$2.54B$2.42B$2.37B$2.29B$2.27B$2.10B$2.03B$1.97B$1.65B$1.86B$1.81B$1.72B$1.50B$2.94B$1.52B$1.50B$1.36B$1.45B$1.37B$1.28B$1.24B$1.21B$1.10B$1.05B$1.13B$1.03B$896.52M
Low Forecast$2.68B$2.62B$2.54B$2.47B$2.36B$2.31B$2.24B$2.19B$2.08B$2.03B$1.97B$1.10B$1.84B$1.76B$1.68B$998.64M$1.96B$1.49B$1.47B$907.86M$1.42B$1.34B$1.25B$825.33M$1.18B$1.07B$1.03B$750.30M$1.00B$876.28M
Surprise %------------0.80%-0.76%1.00%---1.12%---1.22%1.89%0.88%1.06%-0.84%0.90%

Adobe's average Quarter net income forecast for Mar 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 26Aug 26May 26Mar 26Nov 25Aug 25May 25Mar 25Nov 24Aug 24May 24Mar 24Nov 23Aug 23May 23Mar 23Nov 22Aug 22May 22Mar 22Nov 21Aug 21May 21Mar 21Nov 20Aug 20May 20Mar 20Nov 19Aug 19
# Analysts66665551318981217138878147168118999988
SG&A------------$1.74B-$1.70B$1.63B---$1.43B---$1.34B$1.18B$1.12B$1.13B-$1.03B$1.03B
Avg Forecast$2.41B$2.35B$2.30B$2.23B$2.19B$2.13B$2.08B$2.02B$1.96B$1.90B$1.87B$1.62B$1.77B$1.72B$1.69B$1.47B$1.29B$1.57B$1.53B$1.34B$1.44B$1.38B$1.32B$1.22B$1.19B$1.12B$1.11B$1.11B$1.05B$994.32M
High Forecast$2.44B$2.37B$2.32B$2.26B$2.21B$2.15B$2.10B$2.04B$1.96B$1.90B$1.87B$1.95B$1.77B$1.74B$1.70B$1.77B$1.55B$1.59B$1.55B$1.61B$1.46B$1.39B$1.33B$1.46B$1.20B$1.13B$1.13B$1.33B$1.06B$1.01B
Low Forecast$2.39B$2.33B$2.28B$2.21B$2.17B$2.11B$2.06B$2.00B$1.95B$1.90B$1.87B$1.30B$1.77B$1.70B$1.67B$1.18B$1.03B$1.56B$1.52B$1.07B$1.43B$1.37B$1.31B$974.83M$1.18B$1.11B$1.11B$886.21M$1.04B$988.07M
Surprise %------------0.98%-1.01%1.11%---1.06%---1.10%1.00%1.01%1.01%-0.98%1.04%

Adobe's average Quarter SG&A projection for Mar 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 26Aug 26May 26Mar 26Nov 25Aug 25May 25Mar 25Nov 24Aug 24May 24Mar 24Nov 23Aug 23May 23Mar 23Nov 22Aug 22May 22Mar 22Nov 21Aug 21May 21Mar 21Nov 20Aug 20May 20Mar 20Nov 19Aug 19
# Analysts66665551318981217138878147168118999988
EPS------------$3.26-$2.83$2.72---$2.68---$2.63$4.69$1.99$2.28-$1.76$1.63
Avg Forecast$6.06$5.91$5.73$5.58$5.33$5.21$5.05$4.95$4.67$4.53$4.39$4.38$4.13$3.98$3.79$3.68$3.50$3.35$3.31$3.34$3.20$3.01$2.81$2.79$2.66$2.41$2.32$2.23$2.26$1.97
High Forecast$6.14$5.99$5.81$5.66$5.40$5.28$5.12$5.07$4.69$4.53$4.39$4.38$4.15$4.03$3.84$3.73$3.55$3.39$3.35$3.39$3.25$3.06$2.86$2.83$2.70$2.45$2.35$2.26$2.29$2.00
Low Forecast$5.99$5.85$5.67$5.52$5.27$5.15$4.99$4.88$4.64$4.53$4.39$4.38$4.11$3.93$3.75$3.64$3.46$3.32$3.28$3.32$3.17$2.99$2.79$2.76$2.64$2.39$2.30$2.21$2.24$1.96
Surprise %------------0.79%-0.75%0.74%---0.80%---0.94%1.77%0.83%0.98%-0.78%0.83%

According to 12 Wall Street analysts, Adobe's projected average Quarter EPS for Mar 24 is $4.38, with a low estimate of $4.38 and a high estimate of $4.38. This represents a 34.28% increase compared to ADBE previous annual EPS of $3.26 (Nov 23).

Adobe Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
OKTAOkta$74.51$116.9756.99%Hold
SQBlock$92.42$129.5040.12%Buy
ADBEAdobe$499.61$592.0318.50%Buy
ZSZscaler$204.36$233.4114.22%Buy
MSFTMicrosoft$417.79$442.475.91%Buy
NETCloudflare$96.37$95.45-0.95%Hold
CRWDCrowdStrike$353.29$321.14-9.10%Buy
PANWPalo Alto Networks$388.06$323.26-16.70%Buy
PLTRPalantir$62.98$24.34-61.35%Hold

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 $592.03 with a range of $200 to $730, implying a 18.50% from its last price of $499.61. 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 18.50% (from the last price of $499.61 to the average price target of $592.03), up by 46.11% based on the highest stock price target, and down by -59.97% based on the lowest stock price target.

Can Adobe stock reach $700?

ADBE's highest twelve months analyst stock price target of $730 supports the claim that Adobe can reach $700 in the near future.

What are Adobe's analysts' financial forecasts?

Adobe's analysts financial forecasts for the fiscal year (Nov 2025) are as follows: average revenue is $23.82B (high $24.06B, low $23.61B), average EBITDA is $9.2B (high $9.3B, low $9.12B), average net income is $9.2B (high $9.35B, low $9.09B), average SG&A $8.41B (high $8.5B, low $8.34B), and average EPS is $20.54 (high $20.88, low $20.3). ADBE's analysts financial forecasts for the fiscal year (Nov 2026) are as follows: average revenue is $26.31B (high $26.58B, low $26.08B), average EBITDA is $10.16B (high $10.27B, low $10.07B), average net income is $10.43B (high $10.58B, low $10.31B), average SG&A $9.29B (high $9.39B, low $9.21B), and average EPS is $23.29 (high $23.61, low $23.02).

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 $7.15B by 8.62%. 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 $1.94B by 6.02%. 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%