Adobe Inc.

Report azionario NasdaqGS:ADBE

Capitalizzazione di mercato: US$88.1b

Adobe Crescita futura

Criteri Future verificati 2/6

Adobe prevede che gli utili e i ricavi cresceranno rispettivamente di 9.3% e 8.2% all'anno. Si prevede che l'EPS crescerà di 12.2% all'anno. Si prevede che il ritorno sul capitale proprio sarà di 48.5% in 3 anni.

Informazioni chiave

9.3%

Tasso di crescita degli utili

12.25%

Tasso di crescita dell'EPS

Software crescita degli utili20.3%
Tasso di crescita dei ricavi8.2%
Rendimento futuro del capitale proprio48.53%
Copertura analitica

Good

Ultimo aggiornamento07 Jul 2026

Aggiornamenti recenti sulla crescita futura

Recent updates

Aggiornamento della narrazione • 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.
Seeking Alpha • Jun 30

Adobe: A Strong Business Model That Delivers - A Value Equation Deep Dive

Summary Adobe trades at a historic low of 8.7x trailing free cash flow, despite maintaining double-digit revenue growth and industry-leading 45% operating margins. Adobe's current market equity cash yield exceeds 12%, or better than long-term S&P 500 equity performance and almost 3X current 10-year Treasury Note yields. ADBE's business model delivers a model-estimated 17.3% total return, driven by 12% revenue growth guidance and aggressive buybacks. Sector AI disruption fears are not evident in corporate performance. With robust financial strength, predictable cash flows, and a $25B new buyback authorization, I rate ADBE a buy for long-term compounding at current multiples. Read the full article on Seeking Alpha
Articolo di analisi • 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...
Aggiornamento della narrazione • 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.
Aggiornamento della narrazione • 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.
Articolo di analisi • 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.
Articolo di analisi • 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.
Aggiornamento della narrazione • 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.
Nuova narrazione • 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.
Aggiornamento della narrazione • 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.
Nuova narrazione • 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.
Nuova narrazione • May 04

Classic Value Trap

Adobe was an amazing company. I'm an end user since 1991.
Aggiornamento della narrazione • 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.
Aggiornamento della narrazione • 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.
Aggiornamento della narrazione • 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.
Articolo di analisi • 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...
Aggiornamento della narrazione • 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.
Aggiornamento della narrazione • 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.
Aggiornamento della narrazione • 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.
Aggiornamento della narrazione • 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.
Aggiornamento della narrazione • 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.
Aggiornamento della narrazione • 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.
Aggiornamento della narrazione • 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.
Aggiornamento della narrazione • 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.
Aggiornamento della narrazione • 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.
Aggiornamento della narrazione • 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.
Nuova narrazione • 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.
Aggiornamento della narrazione • 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.
Aggiornamento della narrazione • 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.

Previsioni di crescita degli utili e dei ricavi

NasdaqGS:ADBE - Stime future degli analisti e dati finanziari passati (USD Millions )
DataRicaviUtiliFlusso di cassa liberoLiquidità dell'operazioneAvg. Numero di analisti
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

Previsioni di crescita futura degli analisti

Guadagni vs tasso di risparmio: La crescita prevista degli utili di ADBE ( 9.3% all'anno) è superiore al tasso di risparmio ( 3.5% ).

Guadagni vs Mercato: Si prevede che gli utili di ADBE ( 9.3% all'anno) cresceranno più lentamente rispetto al mercato US ( 18.4% all'anno).

Guadagni ad alta crescita: Si prevede che gli utili di ADBE cresceranno, ma non in modo significativo.

Ricavi vs Mercato: Si prevede che il fatturato di ADBE ( 8.2% all'anno) crescerà più lentamente rispetto al mercato US ( 12.8% all'anno).

Ricavi ad alta crescita: Si prevede che il fatturato di ADBE ( 8.2% all'anno) crescerà più lentamente di 20% all'anno.

Previsioni di crescita dell'utile per azione

Rendimento futuro del capitale proprio

ROE futuro: Si prevede che il Return on Equity di ADBE sarà molto alto tra 3 anni ( 48.5 %).

Scoprire le aziende in crescita

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Analisi aziendale e situazione dei dati finanziari

DatiUltimo aggiornamento (ora UTC)
Analisi dell'azienda2026/07/08 11:33
Prezzo dell'azione a fine giornata2026/07/07 00:00
Utili2026/05/29
Utili annuali2025/11/28

Fonti dei dati

I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.

PacchettoDatiTempisticaEsempio Fonte USA *
Dati finanziari della società10 anni
  • Conto economico
  • Rendiconto finanziario
  • Bilancio
Stime di consenso degli analisti+3 anni
  • Previsioni finanziarie
  • Obiettivi di prezzo degli analisti
Prezzi di mercato30 anni
  • Prezzi delle azioni
  • Dividendi, scissioni e azioni
Proprietà10 anni
  • Top azionisti
  • Insider trading
Gestione10 anni
  • Team di leadership
  • Consiglio di amministrazione
Sviluppi principali10 anni
  • Annunci aziendali

* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.

Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.

Modello di analisi e Snowflake

I dettagli del modello di analisi utilizzato per generare questo report sono disponibili sulla nostra pagina Github; disponiamo inoltre di guide su come utilizzare i nostri report e di tutorial su Youtube.

Scoprite il team di livello mondiale che ha progettato e realizzato il modello di analisi Simply Wall St.

Metriche di settore e industriali

Le nostre metriche di settore e di sezione sono calcolate ogni 6 ore da Simply Wall St; i dettagli del nostro processo sono disponibili su Github.

Fonti analitiche

Adobe Inc. è coperta da 64 analisti. 30 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.

AnalistaIstituzione
Joseph BonnerArgus Research Company
Robert OliverBaird
Saket KaliaBarclays