In the latest quarter, 22 analysts provided ratings for Adobe ADBE, showcasing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 13 | 4 | 2 | 0 |
| Last 30D | 0 | 2 | 0 | 0 | 0 |
| 1M Ago | 3 | 10 | 4 | 1 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 1 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $621.14, with a high estimate of $705.00 and a low estimate of $445.00. A 5.9% drop is evident in the current average compared to the previous average price target of $660.10.
Analyzing Analyst Ratings: A Detailed Breakdown
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 |
|---|---|---|---|---|---|
| Brian Schwartz | Oppenheimer | Maintains | Outperform | $660.00 | $660.00 |
| Brent Bracelin | Piper Sandler | Maintains | Overweight | $700.00 | $700.00 |
| Jason Ader | Keybanc | Announces | Underweight | $445.00 | - |
| Derrick Wood | TD Cowen | Lowers | Outperform | $640.00 | $650.00 |
| Brad Sills | B of A Securities | Lowers | Buy | $640.00 | $700.00 |
| Matthew Hedberg | RBC Capital | Lowers | Outperform | $630.00 | $650.00 |
| Keith Bachman | BMO Capital | Lowers | Outperform | $610.00 | $660.00 |
| Parker Lane | Stifel | Lowers | Buy | $625.00 | $650.00 |
| Gil Luria | DA Davidson | Maintains | Buy | $685.00 | $685.00 |
| Karl Keirstead | UBS | Lowers | Neutral | $540.00 | $600.00 |
| Kirk Materne | Evercore ISI Group | Lowers | Outperform | $650.00 | $700.00 |
| Brian Schwartz | Oppenheimer | Maintains | Outperform | $660.00 | $660.00 |
| Michael Turrin | Wells Fargo | Lowers | Overweight | $675.00 | $690.00 |
| Stephen Bersey | HSBC | Lowers | Hold | $511.00 | $557.00 |
| Rob Oliver | Baird | Lowers | Neutral | $525.00 | $590.00 |
| Saket Kalia | Barclays | Lowers | Overweight | $630.00 | $700.00 |
| Mark Murphy | JP Morgan | Lowers | Neutral | $570.00 | $600.00 |
| Brent Bracelin | Piper Sandler | Lowers | Overweight | $700.00 | $705.00 |
| Brent Bracelin | Piper Sandler | Maintains | Overweight | $705.00 | $705.00 |
| Keith Bachman | BMO Capital | Lowers | Outperform | $660.00 | $690.00 |
| Stefan Slowinski | Exane BNP Paribas | Announces | Underperform | $499.00 | - |
| Brent Bracelin | Piper Sandler | Raises | Overweight | $705.00 | $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: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' 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.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Adobe's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Adobe analyst ratings.
Discovering Adobe: A Closer Look
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 Economic Impact: An Analysis
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: Adobe displayed positive results in 3 months. As of 29 February, 2024, the company achieved a solid revenue growth rate of approximately 2.65%. This indicates a notable 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 is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 11.96%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Adobe's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 3.88%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Adobe's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 2.12%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.26, Adobe adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Significance of Analyst Ratings Explained
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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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