Adobe Stock Forecast

Stock Price Forecast

The 29 analysts with 12-month price forecasts for Adobe stock have an average target of 600.17, with a low estimate of 445 and a high estimate of 730. The average target predicts an increase of 5.72% from the current stock price of 567.71.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$445	$600.17	$610	$730
Change	-21.61%	+5.72%	+7.45%	+28.59%

Analyst Ratings

The average analyst rating for Adobe stock from 30 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	8	7	7	7	8	8
Buy	11	11	11	11	12	12
Hold	7	7	7	7	7	7
Sell	1	2	2	2	3	3
Strong Sell	0	0	0	0	0	0
Total	27	27	27	27	30	30

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Mark Moerdler Bernstein	Bernstein	Buy Maintains $653 → $660	Buy	Maintains	$653 → $660	+16.26%	Jun 17, 2024
Tyler Radke Citigroup	Citigroup	Hold Maintains $529 → $550	Hold	Maintains	$529 → $550	-3.12%	Jun 14, 2024
Patrick Walravens JMP Securities	JMP Securities	Hold Reiterates n/a	Hold	Reiterates	n/a	n/a	Jun 14, 2024
Brent Bracelin Piper Sandler	Piper Sandler	Buy Maintains $700	Buy	Maintains	$700	+23.30%	Jun 14, 2024
Keith Bachman BMO Capital	BMO Capital	Buy Maintains $525 → $580	Buy	Maintains	$525 → $580	+2.16%	Jun 14, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

21.89B

from 19.41B

12.77%

from 19.41B

Revenue Next Year

24.39B

from 21.89B

11.42%

from 21.89B

EPS This Year

18.39

from 11.82

55.55%

from 11.82

EPS Next Year

20.76

from 18.39

12.89%

from 18.39

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	11.17B	12.87B	15.79B	17.61B	19.41B	21.89B	24.39B	27.17B	30.41B	33.87B
Revenue Growth	23.71%	15.19%	22.67%	11.54%	10.24%	12.77%	11.42%	11.42%	11.92%	11.36%
EPS	6.00	10.83	10.02	10.10	11.82	18.39	20.76	23.78	27.18	30.46
EPS Growth	15.38%	80.50%	-7.48%	0.80%	17.03%	55.55%	12.89%	14.58%	14.28%	12.08%
Forward PE	-	-	-	-	-	30.88	27.35	23.87	20.89	18.64
No. Analysts	-	-	-	-	-	39	39	21	4	4

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	22.8B	26.0B	29.4B	31.7B	35.7B
Avg	21.9B	24.4B	27.2B	30.4B	33.9B
Low	20.9B	23.0B	25.2B	28.8B	31.8B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	17.7%	18.7%	20.4%	16.6%	17.2%
Avg	12.8%	11.4%	11.4%	11.9%	11.4%
Low	7.8%	5.3%	3.5%	6.1%	4.5%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	19.77	23.01	26.67	28.48	32.09
Avg	18.39	20.76	23.78	27.18	30.46
Low	17.41	19.35	21.58	25.65	28.59

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	67.3%	25.1%	28.5%	19.7%	18.1%
Avg	55.5%	12.9%	14.6%	14.3%	12.1%
Low	47.3%	5.2%	4.0%	7.8%	5.2%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.