Analyst Ratings Coverage
BMO Capital Markets (Analyst Rank #9 of 350) issued a research report on Tuesday September 12th, and maintained the “Outperform” rating on the stock. BMO raised the 12 month target forecast on the stock to $640 from $600.
Wells Fargo & Company (Analyst Rank #11), issued a research report on Tuesday September 12th, and maintained the “Outperform” rating on the stock. BMO raised the 12 month target forecast on the stock to $625 from $600.
Adobe Stock Analysis & Forecasts
- Analyst Target Price: According to the consensus of 26 analysts, the average target price for Adobe Systems Incorporated is expected to reach USD 506.40 within the next 12 months. This target price signifies the level at which analysts believe Adobe’s stock should trade in the foreseeable future. It reflects their collective assessment of Adobe’s financial health, growth prospects, and prevailing market conditions.
- Average Analyst Rating: The average analyst rating for Adobe Systems Incorporated is classified as “Buy.” This rating implies that the majority of analysts covering the stock have a positive outlook regarding its future performance. A “Buy” rating indicates that analysts anticipate Adobe to deliver favorable results and growth in the coming months.
- Stock Target Advisor’s Analysis: Stock Target Advisor conducts its own analysis of Adobe Systems Incorporated’s stock and characterizes it as “Slightly Bullish.” This slightly bullish stance is grounded in 9 positive signals and 4 negative signals. These signals encompass various data sources, including technical indicators, financial data, and market trends. The “Slightly Bullish” perspective suggests that, according to their analysis, Adobe Systems Incorporated is expected to perform reasonably well in the near future.
- Recent Stock Performance: As of the last closing, Adobe Systems Incorporated’s stock was priced at USD 564.50. Over the past week, the stock price has experienced a slight increase of +0.23%, indicating a relatively stable short-term performance. Furthermore, over the past month, the stock has demonstrated resilience with a notable gain of +11.02%. Significantly, over the last year, Adobe’s stock has exhibited remarkable strength, surging by +42.99%, suggesting robust long-term growth potential.
