
Adobe (ADBE) Stock Forecast & Price Target
Adobe (ADBE) Analyst Ratings
Bulls say
Adobe's financial performance demonstrates a strong upward trajectory, with total revenue reaching $6,194 million, marking an approximate 11% year-over-year increase and surpassing both internal estimates and consensus expectations. The digital media annual recurring revenue (ARR) grew by 11.5% year-over-year to $19.2 billion, indicative of robust subscription growth and successful cross-sell and up-sell strategies, evidencing effective customer engagement. Additionally, the company recorded significant bookings in enterprise deals exceeding $1 million, along with a 25% increase in customers contributing over $10 million in ARR, reflecting sustained demand and confidence in Adobe's offerings across its business segments.
Bears say
Adobe's outlook is hindered by an anticipated decline in Non-GAAP operating margins, projected at 45% for FY26, which represents a decrease from the previous year. Despite a valuation at 14x FY26 EPS, significantly lower than the median of large-cap software peers at 26x, concerns persist regarding the company's ability to adapt to rapidly evolving technology and competition. Additionally, any failure to effectively integrate acquisitions or maintain subscription renewals could further jeopardize Adobe's future revenue and operational performance.
This aggregate rating is based on analysts' research of Adobe and is not a guaranteed prediction by Public.com or investment advice.
Adobe (ADBE) Analyst Forecast & Price Prediction
Start investing in Adobe (ADBE)
Order type
Buy in
Order amount
Est. shares
0 shares