Ratings for Adobe ADBE were provided by 15 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 11 | 1 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 5 | 1 | 0 | 0 |
| 2M Ago | 0 | 2 | 0 | 0 | 0 |
| 3M Ago | 2 | 3 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $658.33, along with a high estimate of $730.00 and a low estimate of $600.00. Witnessing a positive shift, the current average has risen by 5.82% from the previous average price target of $622.14.
Investigating Analyst Ratings: An Elaborate Study
A clear picture of Adobe's perception among financial experts is painted 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 |
|---|---|---|---|---|---|
| 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 |
| Parker Lane | Stifel | Maintains | Buy | $600.00 | - |
| Matthew Hedberg | RBC Capital | Maintains | Outperform | $615.00 | - |
| Brent Bracelin | Piper Sandler | Maintains | Overweight | $650.00 | - |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Adobe. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Adobe compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Adobe's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Adobe analyst ratings.
All You Need to Know About Adobe
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).
Unraveling the Financial Story of Adobe
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: Adobe's remarkable performance in 3 months is evident. As of 30 November, 2023, the company achieved an impressive revenue growth rate of 3.23%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Adobe's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 29.38% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Adobe's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 9.18%, the company showcases efficient use of equity capital and strong financial health.
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. With a ratio of 0.25, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
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 will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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