Adobe Inc. (ADBE)
NASDAQ: ADBE · Real-Time Price · USD
499.50
-0.11 (-0.02%)
At close: Nov 20, 2024, 4:00 PM
498.04
-1.46 (-0.29%)
Pre-market: Nov 21, 2024, 5:06 AM EST
Adobe Stock Forecast
Stock Price Forecast
The 26 analysts with 12-month price forecasts for Adobe stock have an average target of 605.96, with a low estimate of 445 and a high estimate of 730. The average target predicts an increase of 21.31% from the current stock price of 499.50.
Analyst Consensus: Buy
* Price targets were last updated on Oct 15, 2024.
Analyst Ratings
The average analyst rating for Adobe stock from 27 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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 8 | 8 | 8 | 8 | 6 | 6 |
| Buy | 12 | 12 | 12 | 13 | 12 | 12 |
| Hold | 7 | 7 | 7 | 6 | 6 | 6 |
| Sell | 3 | 3 | 3 | 3 | 3 | 3 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 30 | 30 | 30 | 30 | 27 | 27 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| RBC Capital | RBC Capital | Buy Reiterates $610 | Buy | Reiterates | $610 | +22.12% | Oct 15, 2024 |
| Citigroup | Citigroup | Hold Maintains $621 → $616 | Hold | Maintains | $621 → $616 | +23.32% | Sep 13, 2024 |
| UBS | UBS | Hold Maintains $560 → $550 | Hold | Maintains | $560 → $550 | +10.11% | Sep 13, 2024 |
| B of A Securities | B of A Securities | Strong Buy Reiterates $640 | Strong Buy | Reiterates | $640 | +28.13% | Sep 13, 2024 |
| Oppenheimer | Oppenheimer | Buy Maintains $625 | Buy | Maintains | $625 | +25.13% | Sep 13, 2024 |
Financial Forecast
Revenue This Year
21.87B
from 19.41B
Increased by 12.67%
Revenue Next Year
24.26B
from 21.87B
Increased by 10.95%
EPS This Year
18.64
from 11.82
Increased by 57.72%
EPS Next Year
20.96
from 18.64
Increased by 12.44%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 22.6B | 25.4B | 28.3B | |||
| Avg | 21.9B | 24.3B | 26.9B | |||
| Low | 21.0B | 23.0B | 25.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 16.2% | 15.9% | 16.5% | |||
| Avg | 12.7% | 11.0% | 10.9% | |||
| Low | 8.1% | 5.0% | 3.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 19.25 | 22.20 | 26.10 | |||
| Avg | 18.64 | 20.96 | 23.36 | |||
| Low | 17.88 | 19.58 | 10.66 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 62.8% | 19.1% | 24.5% | |||
| Avg | 57.7% | 12.4% | 11.4% | |||
| Low | 51.2% | 5.0% | -49.1% |
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.