Adobe Inc. (ADBE)

NASDAQ: ADBE · IEX Real-Time Price · USD

596.60

+1.08 (0.18%)

At close: Dec 29, 2023, 4:00 PM

594.16

-2.44 (-0.41%)

After-hours: Dec 29, 2023, 7:59 PM EST

Adobe Stock Forecast

Stock Price Forecast

According to 27 stock analysts, the average 12-month stock price forecast for Adobe stock is $590.15, which predicts a decrease of -1.08%. The lowest target is $325 and the highest is $730. On average, analysts rate Adobe stock as a buy.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$325	$590.15	$630	$730
Change	-45.52%	-1.08%	+5.60%	+22.36%

Analyst Ratings

The average analyst rating for Adobe stock from 29 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	Jul '23	Aug '23	Sep '23	Oct '23	Nov '23	Dec '23
Strong Buy	6	6	7	8	8	8
Buy	10	10	9	10	10	12
Hold	13	13	11	10	10	9
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	29	29	27	28	28	29

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Saket Kalia Barclays	Barclays	Hold → Buy Upgrades $680 → $700	Hold → Buy	Upgrades	$680 → $700	+17.33%	Dec 18, 2023
Brent Bracelin Piper Sandler	Piper Sandler	Buy Reiterates $650	Buy	Reiterates	$650	+8.95%	Dec 14, 2023
Matthew Hedberg RBC Capital	RBC Capital	Buy Reiterates $615	Buy	Reiterates	$615	+3.08%	Dec 14, 2023
Parker Lane Stifel	Stifel	Strong Buy Maintains $600 → $625	Strong Buy	Maintains	$600 → $625	+4.76%	Dec 14, 2023
Tyler Radke Citigroup	Citigroup	Hold Maintains $610 → $675	Hold	Maintains	$610 → $675	+13.14%	Dec 12, 2023

Full Analyst Rating History

Financial Forecast

Revenue This Year

22.20B

from 19.41B

14.39%

from 19.41B

Revenue Next Year

24.92B

from 22.20B

12.22%

from 22.20B

EPS This Year

18.34

from 11.83

55.01%

from 11.83

EPS Next Year

20.96

from 18.34

14.32%

from 18.34

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	11.17B	12.87B	15.79B	17.61B	19.41B	22.20B	24.92B	27.97B	31.25B	34.09B
Revenue Growth	23.71%	15.19%	22.67%	11.54%	10.24%	14.39%	12.22%	12.24%	11.74%	9.10%
EPS	6.00	10.83	10.02	10.10	11.83	18.34	20.96	24.04	26.50	30.40
EPS Growth	15.38%	80.50%	-7.48%	0.80%	17.13%	55.01%	14.32%	14.70%	10.23%	14.68%
No. Analysts	-	-	-	-	-	37	28	5	4	3

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	23.8B	26.7B	29.1B	32.9B	35.5B
Avg	22.2B	24.9B	28.0B	31.2B	34.1B
Low	21.0B	23.3B	26.5B	29.3B	32.4B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	22.5%	20.3%	16.7%	17.5%	13.6%
Avg	14.4%	12.2%	12.2%	11.7%	9.1%
Low	8.1%	5.1%	6.3%	4.8%	3.6%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	19.52	22.72	25.81	27.60	31.29
Avg	18.34	20.96	24.04	26.50	30.40
Low	16.93	19.49	22.47	25.17	29.20

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	65.0%	23.9%	23.1%	14.8%	18.1%
Avg	55.0%	14.3%	14.7%	10.2%	14.7%
Low	43.1%	6.3%	7.2%	4.7%	10.2%

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.