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In-Depth Examination Of 13 Analyst Recommendations For Adobe – Adobe (NASDAQ:ADBE)



Ratings for Adobe ADBE were provided by 13 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.

Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 2 9 1 1 0
Last 30D 0 0 0 1 0
1M Ago 0 1 0 0 0
2M Ago 1 5 1 0 0
3M Ago 1 3 0 0 0

Analysts have recently evaluated Adobe and provided 12-month price targets. The average target is $654.54, accompanied by a high estimate of $730.00 and a low estimate of $499.00. This current average has increased by 5.21% from the previous average price target of $622.14.

Interpreting Analyst Ratings: A Closer Look

The standing of Adobe among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Stefan Slowinski Exane BNP Paribas Announces Underperform $499.00
Brent Bracelin Piper Sandler Raises Overweight $705.00 $650.00
Saket Kalia Barclays Raises Overweight $700.00 $680.00
Brent Bracelin Piper Sandler Maintains Overweight $650.00
Matthew Hedberg RBC Capital Maintains Outperform $615.00
Parker Lane Stifel Raises Buy $625.00 $600.00
Tyler Radke Citigroup Raises Neutral $675.00 $610.00
Keith Bachman BMO Capital Raises Outperform $690.00 $670.00
Freddy Chen KGI Securities Announces Outperform $730.00
Keith Bachman BMO Capital Raises Outperform $670.00 $645.00
Brent Bracelin Piper Sandler Maintains Overweight $650.00
Brian Schwartz Oppenheimer Announces Outperform $660.00
Gil Luria DA Davidson Raises Buy $640.00 $500.00

Key Insights:

  • Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they ‘Maintain’, ‘Raise’ or ‘Lower’ their stance, it reflects their response to recent developments related to Adobe. This information provides a snapshot of how analysts perceive the current state of the company.
  • Rating: Analysts unravel qualitative evaluations for stocks, ranging from ‘Outperform’ to ‘Underperform’. These ratings offer insights into expectations for the relative performance of Adobe compared to the broader market.
  • Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Adobe’s stock. This comparison reveals trends in analysts’ expectations over time.

For valuable insights into Adobe’s market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.

Stay up to date on Adobe analyst ratings.

Get to Know Adobe Better

Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing and engaging with compelling content multiple operating systems, devices and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).

Adobe’s Financial Performance

Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.

Revenue Growth: Over the 3 months period, Adobe showcased positive performance, achieving a revenue growth rate of 3.23% as of 30 November, 2023. This reflects a substantial increase in the company’s top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.

Net Margin: Adobe’s net margin excels beyond industry benchmarks, reaching 29.38%. This signifies efficient cost management and strong financial health.

Return on Equity (ROE): Adobe’s ROE stands out, surpassing industry averages. With an impressive ROE of 9.18%, the company demonstrates effective use of equity capital and strong financial performance.

Return on Assets (ROA): Adobe’s financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 5.04%, the company showcases efficient use of assets and strong financial health.

Debt Management: Adobe’s debt-to-equity ratio is below the industry average at 0.25, reflecting a lower dependency on debt financing and a more conservative financial approach.

The Basics of Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish “analyst ratings” for stocks. Analysts typically rate each stock once per quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.



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