What is the current Price Target and Forecast for Adobe (ADBE) (2024)

(Delayed Data from NSDQ)

$546.76 USD

546.76

4,427,325

+18.10 (3.42%)

Updated Jun 27, 2024 04:00 PM ET

After-Market: $548.00 +1.24 (0.23%) 5:40 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.08%
2Buy17.91%
3Hold9.44%
4Sell5.10%
5Strong Sell2.55%
S&P50011.04%

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3-Hold of 5 3

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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DValue | BGrowth | AMomentum | BVGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 35% (88 out of 250)

Industry: Computer - Software

View All Zacks #1 Ranked Stocks

What is the current Price Target and Forecast for Adobe (ADBE) (2) Better trading starts here.

Adobe Systems (ADBE) Price Targets

Average Price Target Highest Price Target Lowest Price Target Upside to Average Price Target
$611.90 $730.00 $450.00 15.75%

Price Target

Based on short-term price targets offered by 30 analysts, the average price target for Adobe Systems comes to $611.90. The forecasts range from a low of $450.00 to a high of $730.00. The average price target represents an increase of 15.75% from the last closing price of $528.66.

Analyst Price Targets (30)

Last Close 528.66

Average 611.90 15.75% Upside Low 450.00 -14.88% Downside High 730.00 38.08% Upside

Broker Rating

Adobe Systems currently has an average brokerage recommendation (ABR) of 1.72 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 32 brokerage firms. The current ABR compares to an ABR of 1.72 a month ago based on 32 recommendations.

Of the 32 recommendations deriving the current ABR, 22 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 68.75% and 3.13% of all recommendations. A month ago, Strong Buy made up 68.75%, while Buy represented 3.13%.

Broker Rating Breakdown

What is the current Price Target and Forecast for Adobe (ADBE) (3)

Today1 Week Ago1 Month Ago2 Months Ago3 Months Ago
Strong Buy2223222222
Buy11111
Hold77777
Sell00000
Strong Sell22222
ABR1.721.701.721.721.72

1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.

2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.

DateBrokerage FirmAnalystPreviousCurrent
6/17/2024Not IdentifiedNot IdentifiedStrong BuyStrong Buy
6/14/2024Not IdentifiedNot IdentifiedStrong BuyStrong Buy
6/14/2024JMP SecuritiesPatrick D WalravensHoldHold
6/14/2024BMO Capital MarketsKeith BachmanStrong BuyStrong Buy
6/14/2024Not IdentifiedNot IdentifiedStrong BuyStrong Buy
6/14/2024Wells Fargo SecuritiesMichael J TurrinStrong BuyStrong Buy
6/14/2024Piper SandlerBrent A BracelinStrong BuyStrong Buy
6/14/2024Robert W. Baird & Co.Rob OliverHoldHold
6/13/2024Not IdentifiedNot IdentifiedHoldHold
6/10/2024Not IdentifiedNot IdentifiedNot AvailableHold
6/10/2024Not IdentifiedNot IdentifiedHoldHold
6/5/2024Not IdentifiedNot IdentifiedModerate BuyModerate Buy
4/1/2024Cowen & Co.Derrick WoodStrong BuyStrong Buy
3/27/2024Evercore PartnersStewart K MaterneStrong BuyStrong Buy
3/27/2024Mizuho SecuritiesUSA Gregg MoskowitzStrong BuyStrong Buy
3/27/2024Not IdentifiedNot IdentifiedStrong BuyStrong Buy
3/21/2024KeyBanc Capital MarketsJackson E AderStrong SellStrong Sell
3/15/2024Not IdentifiedNot IdentifiedHoldHold
3/15/2024D.A. DavidsonGil LuriaStrong BuyStrong Buy
3/15/2024William BlairJacob RobergeStrong BuyStrong Buy
3/15/2024Not IdentifiedNot IdentifiedStrong BuyStrong Buy
3/15/2024Griffin SecuritiesJay VleeschhouwerStrong BuyStrong Buy
3/15/2024UBSKarl E KeirsteadHoldHold
2/20/2024Goldman SachsKasthuri G RanganStrong BuyStrong Buy
1/18/2024Exane BNP ParibasStefan SlowinskiHoldStrong Sell
12/4/2023Not IdentifiedNot IdentifiedNot AvailableStrong Buy
12/1/2023Not IdentifiedNot IdentifiedNot AvailableStrong Buy
9/15/2023Not IdentifiedNot IdentifiedNot AvailableStrong Buy

1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.

2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.

Current ABR

Zacks provides the average brokerage recommendation (ABR) for thousands of stocks for most of the leading investment web sties. The ABR is the calculated average of the actual recommendations (strong buy, hold, sell etc) made by the brokerage firms for a given stock.

ABR vs Zacks Rank

1.72
ABR (Last week)1.70
# of Recs in ABR32
Average Target Price $611.90
LT Growth Rate13.00%
IndustryComputer - Software
Industry Rank by ABR88 of 252
Current Quarter EPS Est: 4.52
What is the current Price Target and Forecast for Adobe (ADBE) (2024)
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