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Adobe Inc. (ADBE)
NASDAQ: ADBE · IEX Real-Time Price · USD
465.02
-8.16 (-1.72%)
At close: Apr 19, 2024, 4:00 PM
463.50
-1.52 (-0.33%)
After-hours: Apr 19, 2024, 7:59 PM EDT

Adobe Stock Forecast

Stock Price Forecast

The 26 analysts with 12-month price forecasts for Adobe stock have an average target of 617.5, with a low estimate of 445 and a high estimate of 730. The average target predicts an increase of 32.79% from the current stock price of 465.02.

Analyst Consensus: Buy
Target Low Average Median High
Price $445 $617.5 $640 $730
Change -4.31% +32.79% +37.63% +56.98%

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 Nov '23Dec '23Jan '24Feb '24Mar '24Apr '24
Strong Buy 888877
Buy 101211111111
Hold 1097777
Sell 001122
Strong Sell 000000
Total 282927272727

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Gil Luria
DA Davidson
 DA Davidson
Strong Buy
Maintains
$685
 Strong Buy Maintains $685 +47.31% Mar 28, 2024
Patrick Walravens
JMP Securities
 JMP Securities
Hold
Reiterates
n/a
 Hold Reiterates n/a n/a Mar 28, 2024
Gregg Moskowitz
Mizuho
 Mizuho
Strong Buy
Reiterates
$680
 Strong Buy Reiterates $680 +46.23% Mar 27, 2024
Matthew Hedberg
RBC Capital
 RBC Capital
Buy
Reiterates
$630
 Buy Reiterates $630 +35.48% Mar 27, 2024
Kirk Materne
Evercore ISI Group
 Evercore ISI Group
Buy
Maintains
$650
 Buy Maintains $650 +39.78% Mar 27, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
21.89B
from 19.41B
Increased by 12.79%
Revenue Next Year
24.41B
from 21.89B
Increased by 11.52%
EPS This Year
18.39
from 11.82
Increased by 55.60%
EPS Next Year
20.78
from 18.39
Increased by 12.98%
Year 2019202020212022202320242025202620272028
Revenue
11.17B12.87B15.79B17.61B19.41B21.89B24.41B27.27B31.49B34.67B
Revenue Growth
23.71%15.19%22.67%11.54%10.24%12.79%11.52%11.70%15.47%10.11%
EPS
6.0010.8310.0210.1011.8218.3920.7823.8727.4230.98
EPS Growth
15.38%80.50%-7.48%0.80%17.03%55.60%12.98%14.88%14.86%12.98%
No. Analysts -----39392133
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 22.8B 26.0B 29.4B 32.9B 35.7B
Avg 21.9B 24.4B 27.3B 31.5B 34.7B
Low 20.9B 23.0B 25.3B 29.8B 33.3B

Revenue Growth

Revenue Growth 20242025202620272028
High
17.7%
18.7%
20.3%
20.5%
13.3%
Avg
12.8%
11.5%
11.7%
15.5%
10.1%
Low
7.8%
5.3%
3.7%
9.4%
5.8%

EPS Forecast

EPS 20242025202620272028
High 19.77 23.01 26.67 28.22 31.89
Avg 18.39 20.78 23.87 27.42 30.98
Low 17.41 19.35 21.58 26.34 29.76

EPS Growth

EPS Growth 20242025202620272028
High
67.3%
25.1%
28.4%
18.2%
16.3%
Avg
55.6%
13.0%
14.9%
14.9%
13.0%
Low
47.3%
5.2%
3.9%
10.4%
8.6%
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.