Adobe Inc.

NasdaqGS:ADBE Lagerbericht

Marktkapitalisierung: US$88.9b

Adobe Zukünftiges Wachstum

Future Kriterienprüfungen 2/6

Adobe wird ein jährliches Gewinn- und Umsatzwachstum von 9.3% bzw. 8.2% prognostiziert. Der Gewinn pro Aktie wird voraussichtlich wachsen um 12.2% pro Jahr. Die Eigenkapitalrendite wird in 3 Jahren voraussichtlich 48.5% betragen.

Wichtige Informationen

9.3%

Wachstumsrate der Gewinne

12.25%

EPS-Wachstumsrate

Software Gewinnwachstum20.4%
Wachstumsrate der Einnahmen8.2%
Zukünftige Eigenkapitalrendite48.53%
Analystenabdeckung

Good

Zuletzt aktualisiert07 Jul 2026

Jüngste Aktualisierungen zum künftigen Wachstum

Recent updates

Seeking Alpha • Jul 08

Adobe: Market Overreaction Creates A Highly Asymmetric Risk-Reward Opportunity

Summary Due to AI fears, Adobe's current valuation multiple is just an 11.6x P/E ratio. The company does not have to deliver superb results to achieve multiple expansion. Adobe continues to deliver low double-digit revenue growth with a solid LTM GAAP operating margin of 36%. The current low valuation gives extra space for fueling EPS growth driven by aggressive share repurchases. Read the full article on Seeking Alpha
Narrativ-Update • Jul 01

ADBE: Freemium AI Pivot And Buybacks Will Support Long-Term Cash Flows

Analysts have trimmed their fair value estimate for Adobe to $415.56 from $438.81, reflecting a broad reset in price targets as they factor in slower organic ARR guidance, a heavier push into freemium offerings, and leadership transitions that introduce more execution risk around AI and monetization plans. Analyst Commentary Recent research on Adobe highlights a clear shift in sentiment, with many firms cutting price targets and resetting expectations around organic ARR, leadership changes, and the company’s heavier focus on freemium.
Analyseartikel • Jun 17

Adobe (ADBE) Stock Could Be 35.2% Undervalued After Earnings And Leadership Changes

Adobe (ADBE) is back in focus after a sharp market reaction to its latest earnings, leadership changes involving both the CEO and CFO, and a clear shift toward a freemium, AI-centric growth model. See our latest analysis for Adobe. Over the past year, momentum in Adobe stock has clearly faded, with the share price down 37.8% year to date and the 1-year total shareholder return declining 45.16%, as investors react to leadership changes and the shift to a freemium, AI-led model despite solid...
Narrativ-Update • Jun 17

ADBE: Freemium AI Shift And Buybacks Will Reshape Future Cash Flows

Adobe's updated analyst price target has moved lower to reflect reduced revenue growth expectations, a softer long term ARR outlook under a larger freemium push, leadership transitions, and a more conservative future P/E assumption, even as margins are modeled slightly higher. Analyst Commentary Street research around Adobe is mixed, but there is a clear pocket of bullish analysts who see the recent reset as an entry point rather than a sign to step aside.
Narrativ-Update • Jun 12

Musings after the earnings

Thesis Update: Upward Revision on Adobe (ADBE) Post-Q2 CY2026 Earnings I am raising my fair value estimate for Adobe following this morning's strong earnings print and updated outlook. The Core Catalyst: The revision hinges on two key updates: raised FY2026 revenue guidance and a ~2% point drop in unadjusted operating margin.
Analyseartikel • Jun 12

Software stocks just gave investors a masterclass

Software stocks crashed on fears AI would make them obsolete, then they came roaring back. This edition of Market Insights aims to hand investors a repeatable playbook for separating real risk from market panic.
Analyseartikel • Jun 12

Software stocks just gave investors a masterclass

Software stocks crashed on fears AI would make them obsolete, then they came roaring back. This edition of Market Insights aims to hand investors a repeatable playbook for separating real risk from market panic.
Narrativ-Update • Jun 03

ADBE: AI Product Adoption And Buyback Program Will Reshape Future Cash Flows

Adobe's updated analyst fair value edges up by about $0.10 per share to roughly $456.35. This reflects models that now factor in slightly higher projected revenue growth and profit margins, alongside recent Street research that has generally reduced official price targets on concerns around AI competition, CEO transition risk, and near term pressure on annual recurring revenue.
Neues Narrativ • May 31

Adobe: A Probabilistic Case for Undervaluation

As a self-described "Quantitative Fundamental Hobby Investor," my valuation philosophy is straightforward: I prioritize high-quality cash flow generation and the durability of a company’s economic moat. Adobe (ADBE) is currently at the center of a heated debate regarding AI disruption.
Narrativ-Update • May 18

ADBE: CEO Transition Will Increase Risk Around AI Subscription Monetization

Analysts have reduced their average price target on Adobe by $70 to $220 per share, citing CEO transition uncertainty, slower annual recurring revenue trends, and rising competitive pressures from AI driven offerings as key reasons for the reset. Analyst Commentary Recent research on Adobe highlights a shift toward more cautious views as multiple bearish analysts reduce price targets and, in some cases, downgrade ratings.
Neues Narrativ • May 07

Good Value for a Creative Monopoly

Adobe’s strategic positioning ensures it remains the creative industry’s "operating system," regardless of whether AI succeeds or fails. By building Firefly exclusively on licensed Adobe Stock and public domain content, Adobe has created a unique "legal moat" that offers enterprise customers commercial safety and IP indemnity that competitors cannot match.
Neues Narrativ • May 04

Classic Value Trap

Adobe was an amazing company. I'm an end user since 1991.
Narrativ-Update • Apr 30

ADBE: AI Competition And CEO Transition Will Reshape Future Cash Flows

Adobe's updated analyst price target has shifted from about $580 to roughly $456 as analysts factor in rising AI competition, a series of target cuts across major firms, and added uncertainty around the CEO transition and annual recurring revenue trends. Analyst Commentary Recent research on Adobe clusters around a few key themes that matter for you as an investor: how the market is pricing AI competition, what the CEO transition means for execution, and how annual recurring revenue trends feed into valuation.
Narrativ-Update • Apr 16

ADBE: Generative AI And Freemium Adoption Will Shape Future Earnings Power

Adobe's analyst price target has been adjusted slightly higher, with analysts pointing to updated expectations for revenue growth, profit margins, and future P/E in light of recent Q1 results, CEO transition news, and ongoing discussion around AI related opportunities and headwinds. Analyst Commentary Wall Street views on Adobe are mixed, with many firms trimming price targets and recalibrating ratings after the Q1 print and the CEO transition update.
Narrativ-Update • Apr 01

ADBE: Generative AI Monetization And Freemium User Growth Will Drive Future Revenue

Adobe's updated fair value estimate has been reduced from about $408 to roughly $328 as analysts factor in a lower future P/E, softer growth assumptions, and fresh uncertainty tied to the CEO transition and AI-driven shifts in its core businesses. Analyst Commentary Recent research on Adobe reflects a clear reset in expectations, with many firms cutting price targets and adjusting ratings to reflect CEO transition risk, AI related disruption, and softer growth metrics such as net new annual recurring revenue.
Analyseartikel • Apr 01

Why Adobe's (NASDAQ:ADBE) Earnings Are Better Than They Seem

The market seemed underwhelmed by the solid earnings posted by Adobe Inc. ( NASDAQ:ADBE ) recently. Along with the...
Narrativ-Update • Mar 18

ADBE: CEO Transition Will Intensify AI Monetization Uncertainty And Multiple Compression

Analysts have reduced the Adobe price target to $220 from $271.93, reflecting softer revenue growth assumptions, a lower future P/E outlook, and heightened uncertainty around the CEO transition and the pace of AI driven monetization. Analyst Commentary Recent research on Adobe shows a clear tilt toward caution, with multiple price target cuts and rating downgrades clustering around the latest fiscal Q1 report and the CEO transition announcement.
Narrativ-Update • Mar 04

ADBE: AI Adoption And Generative Credits Will Drive Future Revenue Milestones

Our updated view trims Adobe's fair value estimate from $447.56 to $408.47, reflecting a lower assumed future P/E of about 21.2x. This is in line with a wave of reduced Street price targets around $290 to $375 and analyst concerns about competitive pressure, AI related execution risks, and more muted near term upside for the shares.
Narrativ-Update • Feb 18

ADBE: AI Transition And Creative Ecosystem Partnerships Will Reshape Future Cash Flows

Our fair value estimate for Adobe has edged higher to $580.27 from $575.83 as analysts broadly reduce price targets and ratings in response to softer Digital Media growth expectations, questions about the durability of the competitive moat, and concerns that AI benefits may be slower to show up in revenue and margins than previously hoped. Analyst Commentary Recent Street research on Adobe has tilted more cautious, with several firms cutting ratings and price targets as they reassess Digital Media growth expectations, competition, and the timing of AI monetization.
Narrativ-Update • Feb 04

ADBE: AI Transition And Semrush Deal Will Reshape Future Cash Flows

Analysts have trimmed their fair value estimate for Adobe slightly, to about $576 per share. They cite a wave of recent downgrades and reduced price targets that reflect concerns about limited near term upside, competitive pressure in creative tools, and uncertainty over how much the current AI transition will benefit the business.
Narrativ-Update • Jan 21

ADBE: Future AI And Semrush Deal Will Reshape Cash Flow Profile

Analysts have reduced their Adobe fair value estimate by about US$7 to roughly US$578, citing a lower future P/E assumption and recent price target cuts that reflect concerns about near term growth momentum and competitive pressures. Analyst Commentary Recent Street research on Adobe has tilted more cautious, with several firms cutting ratings and price targets as they reassess expectations around AI driven growth, competitive intensity and near term execution.
Narrativ-Update • Jan 07

ADBE: Future AI And Marketing Deals Will Reshape Cash Flow Profile

Narrative Update on Adobe Analysts have revised their Adobe fair value estimate from $605.00 to about $585.69. This reflects slightly lower revenue growth and profit margin assumptions, a somewhat higher discount rate, and a partially offsetting increase in the future P/E input in their models.
Narrativ-Update • Dec 23

ADBE: Rising AI Costs Will Pressure Margins And Drive Multiple Compression

Analysts have reduced their fair value estimate for Adobe from $380.00 to about $271.93 per share, citing expectations for slightly slower revenue growth, lower long term profit margins, and a more conservative valuation multiple. Analyst Commentary Bearish analysts have become more vocal on Adobe, pointing to a combination of moderating growth expectations and tighter competitive dynamics across creative, document, and marketing workflows.
Narrativ-Update • Dec 20

Adobe Stock: When Creativity Software Becomes an AI-Native Platform

Adobe (NASDAQ: ADBE) has spent decades defining how digital creativity is produced, edited, and distributed. From Photoshop to Premiere to Acrobat, its tools are embedded deeply into professional and consumer workflows.
Narrativ-Update • Dec 09

ADBE: AI Adoption And Acquisitions Will Drive Future Revenue Milestones

Analysts have nudged their average price target on Adobe slightly lower, trimming fair value by about $3 to approximately $448 as they factor in modestly slower revenue growth, slightly softer long term margins, and a marginally higher discount rate, despite continued momentum in AI driven products. Analyst Commentary Analysts remain divided on Adobe's outlook, with most acknowledging solid execution in the near term but reassessing the pace and durability of growth as the company leans further into AI infused offerings.
Narrativ-Update • Nov 24

ADBE: Ongoing AI Product Adoption Will Drive Early Revenue Milestones And Overcome Doubts

Adobe's analyst price target has been revised downward by approximately $6 to $450. Analysts are trimming future growth and profit expectations in light of continued AI-driven uncertainty and evolving competitive dynamics.
Neues Narrativ • Oct 09

A Fair Price for a Great Business Facing Real Threats

TLDR; "HOLD" The story of Adobe today is that of a wide-moat champion that has been knocked from its pedestal. After a deep-dive analysis, our conclusion is that Adobe remains a world-class business, but the competitive landscape has fundamentally changed.
Narrativ-Update • Sep 23

Firefly And GenStudio Will Transform Marketing And Boost Future Engagement

Analysts have reduced Adobe’s price target to $456.18 due to persistent AI-related uncertainty, slowing revenue growth, and intensified competition, despite continued strong execution and early AI monetization progress. Analyst Commentary Ongoing AI uncertainty and heightened competitive pressures are weighing on long-term growth assumptions and sector valuation multiples, leading to widespread target cuts, despite continued Outperform/Overweight ratings from many bullish analysts.
Narrativ-Update • Sep 08

Firefly And GenStudio Will Transform Marketing And Boost Future Engagement

Analysts moderately lowered Adobe's price target to $475.45 amid mixed views—bulls cite resilient margins, disciplined execution, and AI potential, while bears flag Creative Cloud market share losses and AI competition—leaving fair value edging slightly lower. Analyst Commentary Bullish analysts highlight Adobe’s potential as a long-term AI winner, citing its commercially safe generative content approach, resilient top line, disciplined expense management, and industry-leading margins as supportive of attractive long-term value.

Gewinn- und Umsatzwachstumsprognosen

NasdaqGS:ADBE - Zukünftige Analystenschätzungen und Finanzdaten der Vergangenheit (USD Millions)
DatumUmsatzGewinneFreier CashflowBargeld aus operativen TätigkeitenDurchschn. Anz. Analysten
11/30/202831,3849,12412,16812,75815
11/30/202728,8918,14811,24011,51630
11/30/202626,5187,21210,37110,49730
5/29/202625,1987,22910,28010,481N/A
2/27/202624,4537,20810,31710,507N/A
11/28/202523,7697,1309,85210,031N/A
8/29/202523,1816,9579,5999,792N/A
5/30/202522,6016,8699,4379,615N/A
2/28/202522,0376,7519,1929,364N/A
11/29/202421,5055,5607,8738,056N/A
8/30/202420,9475,3606,5506,732N/A
5/31/202420,4295,0796,3686,584N/A
3/1/202419,9364,8016,4876,783N/A
12/1/202319,4095,4286,9427,302N/A
9/1/202318,8865,1217,6268,030N/A
6/2/202318,4294,8547,4237,861N/A
3/3/202317,9994,7377,3197,762N/A
12/2/202217,6064,7567,3967,838N/A
9/2/202217,1914,8137,1297,579N/A
6/3/202216,6934,8896,8597,279N/A
3/4/202216,1424,8276,8387,227N/A
12/3/202115,7854,8226,8827,230N/A
9/3/202115,0995,8396,5946,946N/A
6/4/202114,3895,5826,5956,978N/A
3/5/202113,6825,5665,7906,174N/A
11/27/202012,8685,2605,3085,727N/A
8/28/202012,4363,8614,9115,322N/A
5/29/202012,0453,6994,4344,808N/A
2/28/202011,6613,232N/A4,734N/A
11/29/201911,1712,951N/A4,422N/A
8/30/201910,6442,778N/A4,153N/A
5/31/201910,1012,652N/A4,186N/A
3/1/20199,5522,682N/A4,053N/A
11/30/20189,0302,591N/A4,029N/A
8/31/20188,5722,414N/A3,755N/A
6/1/20188,1222,167N/A3,504N/A
3/2/20187,6991,879N/A3,172N/A
12/1/20177,3021,694N/A2,913N/A
9/1/20176,9031,592N/A2,775N/A
6/2/20176,5261,443N/A2,589N/A
3/3/20176,1531,313N/A2,433N/A
12/2/20165,8541,169N/A2,200N/A
9/2/20165,552992N/A1,959N/A
6/3/20165,306896N/A1,801N/A
3/4/20165,070799N/A1,784N/A
11/27/20154,796630N/A1,470N/A
8/28/20154,562495N/A1,415N/A

Analystenprognosen zum zukünftigen Wachstum

Einkommen vs. Sparrate: ADBEDas prognostizierte Gewinnwachstum (9.3% pro Jahr) liegt über der Sparquote (3.5%).

Ertrag vs. Markt: ADBEDie Erträge des Unternehmens (9.3% pro Jahr) werden voraussichtlich langsamer wachsen als der Markt US (18.2% pro Jahr).

Hohe Wachstumserträge: ADBEDie Erträge des Unternehmens werden voraussichtlich steigen, jedoch nicht deutlich.

Einnahmen vs. Markt: ADBEDie Einnahmen des Unternehmens (8.2% pro Jahr) werden voraussichtlich langsamer wachsen als der Markt US (13% pro Jahr).

Hohe Wachstumseinnahmen: ADBEDie Einnahmen des Unternehmens (8.2% pro Jahr) werden voraussichtlich langsamer wachsen als 20% pro Jahr.

Wachstumsprognosen für den Gewinn je Aktie

Künftige Eigenkapitalrendite

Künftige Eigenkapitalrendite: ADBEDie Eigenkapitalrendite des Unternehmens wird in 3 Jahren voraussichtlich sehr hoch sein (48.5%).

Wachstumsunternehmen entdecken

7D

1Y

7D

1Y

7D

1Y

Unternehmensanalyse und Finanzdaten Status

DatenZuletzt aktualisiert (UTC-Zeit)
Unternehmensanalyse2026/07/12 02:07
Aktienkurs zum Tagesende2026/07/10 00:00
Gewinne2026/05/29
Jährliche Einnahmen2025/11/28

Datenquellen

Die in unserer Unternehmensanalyse verwendeten Daten stammen von S&P Global Market Intelligence LLC. Die folgenden Daten werden in unserem Analysemodell verwendet, um diesen Bericht zu erstellen. Die Daten sind normalisiert, was zu einer Verzögerung bei der Verfügbarkeit der Quelle führen kann.

PaketDatenZeitrahmenBeispiel US-Quelle *
Finanzdaten des Unternehmens10 Jahre
  • Gewinn- und Verlustrechnung
  • Kapitalflussrechnung
  • Bilanz
Konsensschätzungen der Analysten+3 Jahre
  • Finanzielle Vorausschau
  • Kursziele der Analysten
Marktpreise30 Jahre
  • Aktienkurse
  • Dividenden, Splits und Aktionen
Eigentümerschaft10 Jahre
  • Top-Aktionäre
  • Insiderhandel
Verwaltung10 Jahre
  • Das Führungsteam
  • Direktorium
Wichtige Entwicklungen10 Jahre
  • Ankündigungen des Unternehmens

* Beispiel für US-Wertpapiere, für nicht-US-amerikanische Wertpapiere werden gleichwertige regulatorische Formulare und Quellen verwendet.

Sofern nicht anders angegeben, beziehen sich alle Finanzdaten auf einen Jahreszeitraum, werden aber vierteljährlich aktualisiert. Dies wird als Trailing Twelve Month (TTM) oder Last Twelve Month (LTM) Daten bezeichnet. Erfahren Sie mehr.

Analysemodell und Schneeflocke

Details des Analysemodells, das zur Erstellung dieses Berichts verwendet wurde, sind auf unserer GitHub-Seite verfügbar. Außerdem haben wir Leitfäden zur Nutzung unserer Berichte und Tutorials auf YouTube.

Erfahren Sie mehr über das Weltklasse-Team, das das Simply Wall St-Analysemodell entworfen und entwickelt hat.

Metriken für Industrie und Sektor

Unsere Branchen- und Sektionskennzahlen werden alle 6 Stunden von Simply Wall St berechnet. Details zu unserem Verfahren finden Sie auf Github.

Analysten-Quellen

Adobe Inc. wird von 64 Analysten beobachtet. 30 dieser Analysten hat die Umsatz- oder Gewinnschätzungen übermittelt, die als Grundlage für unseren Bericht dienen. Die von den Analysten übermittelten Daten werden im Laufe des Tages aktualisiert.

AnalystEinrichtung
Joseph BonnerArgus Research Company
Robert OliverBaird
Saket KaliaBarclays