Adobe Systems Incorporated (ADBE)
NASDAQ:ADBE
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ADBE Stock Chart & Stats
$244.45
-$1.75(-0.41%)
At close: 4:00 PM EST
$244.45
-$1.75(-0.41%)
Day’s Range― - ―
52-Week Range$196.90 - $405.00
Previous CloseN/A
Volume1.70M
Average Volume (3M)6.09M
Market Cap
$82.46B
Enterprise Value$105.10B
Total Cash (Recent Filing)$5.63B
Total Debt (Recent Filing)$7.07B
Price to Earnings (P/E)11.5
Beta0.94
Next Earnings
Sep 10, 2026EPS Estimate
6.05Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)17.50
Shares Outstanding404,200,000
10 Day Avg. Volume8,869,184
30 Day Avg. Volume6,085,505
Financial Highlights & Ratios
PEG Ratio0.55
Price to Book (P/B)11.73
Price to Sales (P/S)5.74
P/FCF Ratio13.84
Enterprise Value/Market Cap1.27
Enterprise Value/Revenue4.17
Enterprise Value/Gross Profit4.68
Enterprise Value/Ebitda10.78
Forecast
1Y Price Target
$257.16Price Target Upside5.20% Upside
Rating ConsensusHold
Number of Analyst Covering25
EPS Forecast (FY)23.54
Revenue Forecast (FY)$26.06B
Bulls Say, Bears Say
Bulls Say
Recurring Subscription Scale (ARR)Large, growing ARR underpins predictable recurring revenue and strong customer retention. With $27.1B ending ARR and steady subscription renewals across Creative, Document and Experience Clouds, Adobe has durable cash visibility that supports long-term R&D, enterprise deals, and disciplined capital returns.
High Margins And Cash ConversionExceptionally high gross and healthy net margins enable sustained profitability and funding of strategic initiatives. Strong operating cash flow and free cash conversion historically support buybacks, M&A and product investments, giving Adobe durable financial flexibility even during growth slowdowns.
AI Product Momentum And Strategic M&ARapid AI adoption (AI‑first ARR tripling and Firefly traction) plus targeted M&A (Semrush adds search/SEO ARR) strengthen product differentiation and cross‑sell opportunities. These structural advances deepen the platform moat and create new long‑term monetization paths across creative and marketing suites.
Bears Say
Freemium-led ARR HeadwindPrioritizing freemium MAU over near‑term ARR is a strategic tradeoff that will depress subscription revenue and reported ARR in the coming quarters. While aimed at longer‑term monetization, this slows revenue conversion and cash flow growth over the 2–6 month horizon, complicating near‑term execution.
Deferred Pricing And Product OptimizationsDelaying planned Creative Cloud pricing and line changes reduces immediate ARPU and postpones margin expansion tied to price discipline. This stretches the timeline to monetize recent user gains and may weigh on revenue per seat and operating leverage across the next several quarters.
Leadership Transition RiskA CFO exit and an active CEO succession process introduce execution and governance uncertainty during a strategic pivot to AI and freemium models. Leadership turnover can affect capital allocation, integration of acquisitions like Semrush, and speed of strategic decisions over the medium term.
Adobe News
ADBE FAQ
What was Adobe Systems Incorporated’s price range in the past 12 months?
Adobe Systems Incorporated lowest stock price was $196.90 and its highest was $405.00 in the past 12 months.
What is Adobe Systems Incorporated’s market cap?
Adobe Systems Incorporated’s market cap is $82.46B.
When is Adobe Systems Incorporated’s upcoming earnings report date?
Adobe Systems Incorporated’s upcoming earnings report date is Sep 10, 2026 which is in 86 days.
How were Adobe Systems Incorporated’s earnings last quarter?
Adobe Systems Incorporated released its earnings results on Jun 11, 2026. The company reported $5.96 earnings per share for the quarter, beating the consensus estimate of $5.816 by $0.144.
Is Adobe Systems Incorporated overvalued?
According to Wall Street analysts Adobe Systems Incorporated’s price is currently Undervalued.
Does Adobe Systems Incorporated pay dividends?
Adobe Systems Incorporated does not currently pay dividends.
What is Adobe Systems Incorporated’s EPS estimate?
Adobe Systems Incorporated’s EPS estimate is 6.05.
How many shares outstanding does Adobe Systems Incorporated have?
Adobe Systems Incorporated has 404,200,000 shares outstanding.
What happened to Adobe Systems Incorporated’s price movement after its last earnings report?
Adobe Systems Incorporated reported an EPS of $5.96 in its last earnings report, beating expectations of $5.816. Following the earnings report the stock price went down -6.755%.
Which hedge fund is a major shareholder of Adobe Systems Incorporated?
Currently, no hedge funds are holding shares in ADBE
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Adobe Stock Smart Score
Underperform
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10
Analyst Consensus
Hold
Average Price Target:
$257.16 (5.20% Upside)
$257.16 (5.20% Upside)
Blogger Sentiment
Bullish
ADBE Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 6.1M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $517.3K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▲ 1.2%
Last 30 Days ▲ 1.3%
Last 30 Days ▲ 1.3%
News Sentiment
Bearish
Bullish news 39%
Bearish news 76%
Bearish news 76%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-47.31%
12-Months-Change
Fundamentals
Return on Equity
62.31%
Trailing 12-Months
Asset Growth
6.50%
Trailing 12-Months
Company Description
Adobe Systems Incorporated
Adobe Inc. stands as a prominent global software provider, delivering a diverse range of solutions. Its operations are structured into three primary business divisions: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment empowers individuals, teams, and enterprises to generate, disseminate, and amplify various forms of content through its array of products and services, including the cloud-native Document Cloud platform. Central to this segment is Creative Cloud, its subscription-based flagship, granting access to a comprehensive suite of creative tools. This division caters to a diverse range of users, from professional content creators and marketers to educators, communicators, and general consumers. Adobe's Digital Experience division offers an integrated suite of applications and services designed to empower brands and businesses to craft, orchestrate, assess, and enhance customer journeys, from initial analytical insights to final commercial transactions. It serves a broad professional base including marketing teams, advertisers, agencies, data scientists, and senior executives. The Publishing and Advertising segment provides specialized offerings such as e-learning tools, technical documentation services, web conferencing solutions, advanced printing technologies, and its Advertising Cloud suite. Adobe engages directly with enterprise clients through its dedicated sales teams and regional offices. Individual end-users can access its offerings via app stores or its official website, adobe.com. Additionally, an extensive indirect channel supports distribution, encompassing partners such as distributors, value-added resellers, system integrators, software vendors, retailers, and original equipment manufacturers. Established in 1982, the company, initially named Adobe Systems Incorporated, rebranded as Adobe Inc. in October 2018. Its corporate headquarters are situated in San Jose, California.
ADBE Company Deck
ADBE Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presented multiple strong operating and financial positives — record revenue, ARR growth, large MAU and traffic gains, rapid AI‑first and Firefly ARR traction, sizable SEMrush acquisition, and healthy cash flow and buybacks. Management also articulated a strategic pivot to aggressively grow freemium MAU to capture the AI‑driven opportunity. That pivot and the decision to defer Creative Cloud pricing/line optimizations create an explicit near‑term ARR headwind, plus a small non‑cash impairment and leadership transitions add short‑term risk. On balance, the fundamental business momentum, AI traction, and raised financial targets outweigh the near‑term trade‑offs and risks.View all ADBE earnings summariesADBE Revenue Breakdown
73.77% Digital Media
24.95% Digital Experience
1.28% Publishing and Advertising
ADBE Stock 12 Month Forecast
Average Price Target
$257.16
▲(5.20% Upside)
Technical Analysis
Ownership Overview
0.18% Insiders
18.75% Mutual Funds
15.66% Other Institutional Investors
31.72% Public Companies and Individual Investors