84/100BAdobe stock forecast 2026–2030What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Adobe is 260.61, 9.4% above the current price of 238.18. Their targets range from 190.00 to 379.00.
Of the 27 firms that rated Adobe in the past 12 months, 4 rate it buy or strong buy, 17 hold and 6 sell or strong sell (each firm at its latest rating): a Hold consensus.
Analysts' 1-year price targets range from 190.00 to 379.00, with an average of 260.61.
| Buy | 4 | |
| Hold | 17 | |
| Sell | 6 |
12-month price target
| Highest target | 379.00 |
| Average target | 260.61 |
| Lowest target | 190.00 |
| Current price | 238.18 |
Adobe price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their Adobe price target and rating?
How analysts rate Adobe, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
4 of 27 firms rate it buy now, against 14 of 24 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Adobe analyst upgrades, downgrades and price targets
The latest rating change came on 4 November 2026, when Citigroup downgraded Adobe from Neutral to Sell. The most recent new target came from HSBC on 13 October 2026: 267.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 4 Nov 2026 | Citigroup | Downgraded · Neutral → Sell | — | — | — |
| 13 Oct 2026 | HSBC Stephen Bersey | Downgraded · Buy → Hold | 308.00 → 267.00 | -13.3% | 238.14 |
| 12 Oct 2026 | Wells Fargo | Downgraded · Overweight → Underweight | 270.00 → 225.00 | -16.7% | 242.27 |
| 11 Sept 2026 | UBS | Reiterated · Neutral | 315.00 → 255.00 | -19.0% | 246.62 |
| 11 Sept 2026 | BMO Capital | Reiterated · Market Perform | 230.00 → 270.00 | +17.4% | 245.82 |
| 11 Sept 2026 | Evercore ISI | Reiterated · In Line | 225.00 → 250.00 | +11.1% | 248.93 |
| 11 Sept 2026 | Robert W. Baird Rob Oliver | — | 230.00 → 250.00 | +8.7% | 248.83 |
| 11 Sept 2026 | Piper Sandler | Reiterated · Neutral | 240.00 → 250.00 | +4.2% | 248.83 |
| 11 Sept 2026 | Wells Fargo Michael Turrin | Reiterated · Overweight | 250.00 → 270.00 | +8.0% | 248.83 |
| 11 Sept 2026 | Jefferies Brent Thill | Reiterated · Hold | 285.00 → 275.00 | -3.5% | 248.83 |
| 11 Sept 2026 | UBS | — | 365.00 → 315.00 | -13.7% | 248.83 |
| 9 Sept 2026 | Stifel Nicolaus Parker Lane | Reiterated · Hold | 200.00 → 225.00 | +12.5% | 257.26 |
| 8 Sept 2026 | Mizuho Securities Gregg Moskowitz | — | 245.00 → 260.00 | +6.1% | 266.51 |
| 3 Sept 2026 | Barclays Saket Kalia | Reiterated · Equal Weight | 250.00 → 295.00 | +18.0% | 279.79 |
| 2 Sept 2026 | RBC Capital | Reiterated · Outperform | 285.00 → 315.00 | +10.5% | 284.55 |
| 30 Aug 2026 | Jefferies Brent Thill | — | 230.00 → 285.00 | +23.9% | 291.52 |
| 21 Jul 2026 | Morgan Stanley Adam Wood | Downgraded · Equal Weight → Underweight | 425.00 → 240.00 | -43.5% | 234.74 |
| 20 Jul 2026 | CLSA | — | 300.00 | — | 237.25 |
| 2 Jul 2026 | HSBC Stephen Bersey | Upgraded · Hold → Buy | 302.00 → 308.00 | +2.0% | 210.98 |
| 12 Jun 2026 | BMO Capital | Reiterated · Market Perform | 285.00 → 230.00 | -19.3% | 218.80 |
| 12 Jun 2026 | Piper Sandler | Reiterated · Neutral | 280.00 → 240.00 | -14.3% | 218.80 |
| 12 Jun 2026 | D.A. Davidson Gil Luria | — | 300.00 → 250.00 | -16.7% | 218.80 |
| 12 Jun 2026 | Goldman Sachs Gabriela Borges | Reiterated · Sell | 220.00 → 190.00 | -13.6% | 218.80 |
| 12 Jun 2026 | Bernstein | — | 447.00 → 379.00 | -15.2% | 218.80 |
| 12 Jun 2026 | UBS Keith Weiss | Reiterated · Neutral | 225.00 → 365.00 | +62.2% | 218.80 |
| 12 Jun 2026 | Robert W. Baird | — | 350.00 → 230.00 | -34.3% | 218.80 |
| 12 Jun 2026 | Mizuho Securities Gregg Moskowitz | Reiterated · Neutral | 270.00 → 245.00 | -9.3% | 218.80 |
| 12 Jun 2026 | KeyBanc Jackson Ader | Reiterated · Underweight | 235.00 → 195.00 | -17.0% | 218.80 |
| 12 Jun 2026 | Wells Fargo | Reiterated · Overweight | 420.00 → 250.00 | -40.5% | 218.80 |
| 12 Jun 2026 | UBS Karl Keirstead | — | 260.00 → 225.00 | -13.5% | 218.80 |
| 12 Jun 2026 | Barclays Saket Kalia | Reiterated · Equal Weight | 415.00 → 250.00 | -39.8% | 218.80 |
| 12 Jun 2026 | Evercore ISI | Downgraded · Outperform → In Line | 225.00 | — | 218.80 |
| 12 Jun 2026 | Jefferies | Reiterated · Hold | 290.00 → 230.00 | -20.7% | 218.80 |
| 12 Jun 2026 | Stifel Nicolaus Parker Lane | Downgraded · Buy → Hold | 350.00 → 200.00 | -42.9% | 218.80 |
| 11 Jun 2026 | Wolfe Research | Downgraded · Outperform → Peer Perform | — | — | — |
| 8 Jun 2026 | RBC Capital | — | 350.00 → 285.00 | -18.6% | 247.77 |
| 8 Jun 2026 | Stifel Nicolaus Parker Lane | Reiterated · Buy | 450.00 → 350.00 | -22.2% | 251.44 |
| 5 Jun 2026 | RBC Capital Matthew Swanson | Reiterated · Outperform | 430.00 → 350.00 | -18.6% | 254.66 |
| 4 Jun 2026 | Piper Sandler Billy Fitzsimmons | — | 330.00 → 280.00 | -15.2% | 265.64 |
| 27 Apr 2026 | Mizuho Securities | Downgraded · Outperform → Neutral | 315.00 → 270.00 | -14.3% | 245.44 |
| 17 Apr 2026 | UBS Karl Keirstead | Reiterated · Neutral | 290.00 → 260.00 | -10.3% | 249.12 |
| 17 Apr 2026 | Summit Redstone Partners | — | 350.00 | — | 250.99 |
| 26 Mar 2026 | William Blair | Downgraded · Outperform → Market Perform | — | — | — |
| 16 Mar 2026 | Argus Research | Downgraded · Buy → Hold | — | — | — |
| 13 Mar 2026 | BMO Capital Keith Bachmann | Reiterated · Market Perform | 375.00 → 285.00 | -24.0% | 254.01 |
| 13 Mar 2026 | UBS Karl Keirstead | Reiterated · Neutral | 340.00 → 290.00 | -14.7% | 254.07 |
| 13 Mar 2026 | KeyBanc Jackson Ader | Reiterated · Underweight | 310.00 → 235.00 | -24.2% | 254.25 |
| 13 Mar 2026 | Bernstein Mark Moerdler | — | 447.00 | — | 253.77 |
| 13 Mar 2026 | Goldman Sachs Gabriela Borges | — | 290.00 → 220.00 | -24.1% | 254.18 |
| 13 Mar 2026 | D.A. Davidson Gil Luria | — | 500.00 → 300.00 | -40.0% | 253.56 |
Adobe EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect Adobe's EPS to grow 22.3% a year until 2028, faster than over the last 5 years (9.0% a year) and the last 3 years (18.2%).
Analysts expect Adobe's revenue to grow 9.5% a year until 2028. Over the last 5 years it grew 13.1% a year, and over the last 3 years 10.5%.
Revenue
EPS
Does Adobe beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 2.4% off the result, either way, and their revenue estimate 1.2%, over the last 12 quarters.
- EPS beats
- 111 / 133
- Revenue beats
- 92 / 105
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +2.4%
- Since
- January 1993
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 10 Sept 2026 | 6.08 | 6.13 | +0.8% | 6.69B | 6.76B | +1.0% |
| Q2 FY2026 | 11 Jun 2026 | 5.82 | 5.96 | +2.4% | 6.45B | 6.62B | +2.5% |
| Q1 FY2026 | 12 Mar 2026 | 5.87 | 6.06 | +3.2% | 6.28B | 6.40B | +1.9% |
| Q4 FY2025 | 10 Dec 2025 | 5.40 | 5.50 | +1.9% | 6.11B | 6.19B | +1.4% |
| Q3 FY2025 | 11 Sept 2025 | 5.18 | 5.31 | +2.5% | 5.92B | 5.99B | +1.2% |
| Q2 FY2025 | 12 Jun 2025 | 4.97 | 5.06 | +1.8% | 5.80B | 5.87B | +1.3% |
| Q1 FY2025 | 12 Mar 2025 | 4.97 | 5.08 | +2.2% | 5.66B | 5.71B | +0.9% |
| Q4 FY2024 | 11 Dec 2024 | 4.66 | 4.81 | +3.2% | 5.54B | 5.61B | +1.2% |
| Q3 FY2024 | 12 Sept 2024 | 4.53 | 4.65 | +2.6% | 5.37B | 5.41B | +0.7% |
| Q2 FY2024 | 13 Jun 2024 | 4.39 | 4.48 | +2.1% | 5.29B | 5.31B | +0.3% |
| Q1 FY2024 | 14 Mar 2024 | 4.38 | 4.48 | +2.3% | 5.14B | 5.18B | +0.7% |
| Q4 FY2023 | 13 Dec 2023 | 4.13 | 4.27 | +3.4% | 5.02B | 5.05B | +0.6% |
Adobe stock price 2026–2030: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If Adobe's earnings keep growing at the 13.4% a year analysts expect to FY2028, it would earn about 39.29 a share in FY2030. At the P/E it has traded at over the last five years (13.3 to 51.6) that is 521.32 to 2,025.52 a share, or 1,250.54 at its average P/E of 31.8. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 24.48 | 324.84 | 779.21 | 1,262.10 |
| FY2027 | 27.57 | 365.86 | 877.62 | 1,421.49 |
| FY2028 | 30.55 | 405.39 | 972.44 | 1,575.08 |
| FY2029 (extrapolated) | 34.65 | 459.72 | 1,102.76 | 1,786.16 |
| FY2030 (extrapolated) | 39.29 | 521.32 | 1,250.54 | 2,025.52 |
Each year's EPS is the analysts' consensus to FY2028; the years after grow 13.4% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (13.3, 31.8, 51.6).
Is Adobe stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
Adobe's P/E of 13.3 is near the bottom of its 5-year range (11.1 to 56.4, median 34.9). Analysts do not expect slower growth than in recent years, so it is cheaper than its usual level. Buyers pay less for each point of growth than usual: a PEG of 0.6 on expected growth against 3.9 on its median P/E and past five years' growth. Fair value is not a reliable guide for Adobe: its usual P/E would put it at 626.90, 62.0% from the price, too far for its P/E history to be a fair guide. Its forward P/E, on the consensus for FY2026, is 9.7.
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 13.27
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 34.92
- Five-year P/E range
- 11.1 – 56.4
- Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 9.73
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 0.99
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +9.4%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 376.23 | 747.73561Price 376.23935 | +98.7% | |
| 152.620 | 297.58169Price 152.62471 | +95.0% | |
| 158.390 | 305.52158Price 158.39396 | +92.9% | |
| 241.410 | 464.73205Price 241.41627 | +92.5% | |
| 156.930 | 300.15225Price 156.93375 | +91.3% | |
| 37.540 | 71.4258Price 37.54193 | +90.3% | |
| 217.080 | 405.47304Price 217.08507 | +86.8% |
Furthest below the fair value on each stock's page, updated every day.