Adobe Inc. — Wall Street Analyst Estimates & Price Targets

ADBE

NASDAQTechnologySoftware - ApplicationCIK 0000796343adobe.comAbout ADBE

Last close · Oct 16, 2026245.20−6.47 (−2.57%)

Market cap$95.4B

14 firms' latest targets, last 90 days: median $257.50 ($225.00–$315.00), 5% above the last close.

Price and published targets

daily close, 12 months · each dot a target, a firm's latest darker

Each firm's latest target

last 90 days · 14 firms

Date	Firm	Target	Previous	Change	Vs price then	Vs price now
2026-10-13	HSBC	$267.00	$308.00	▼ 13%	+12%	+9%
2026-10-12	Wells Fargo	$225.00	$270.00	▼ 17%	-7%	-8%
2026-09-11	UBS	$255.00	$315.00	▼ 19%	+3%	+4%
2026-09-11	BMO Capital	$270.00	$230.00	▲ 17%	+10%	+10%
2026-09-11	Evercore ISI	$250.00	$225.00	▲ 11%	+0%	+2%
2026-09-11	Baird	$250.00	$230.00	▲ 9%	+0%	+2%
2026-09-11	Piper Sandler	$250.00	$240.00	▲ 4%	+0%	+2%
2026-09-11	Jefferies	$275.00	$285.00	▼ 4%	+11%	+12%
2026-09-09	Stifel	$225.00	$200.00	▲ 13%	-13%	-8%
2026-09-08	Mizuho Securities	$260.00	$245.00	▲ 6%	-2%	+6%
2026-09-03	Barclays	$295.00	$250.00	▲ 18%	+5%	+20%
2026-09-02	RBC Capital	$315.00	$285.00	▲ 11%	+11%	+28%
2026-07-21	Morgan Stanley	$240.00	$425.00	▼ 44%	+2%	-2%
2026-07-20	CLSA	$300.00	—	—	+26%	+22%

Consensus estimates

revenue and EPS by fiscal year · reported years marked

FY	Revenue	YoY	EPS	YoY	Revenue range	EPS range	Analysts
2023reported	$19.4B	+10%	$11.82	+17%	est. $19.4B+0%	est. $15.93	19
2024reported	$21.5B	+11%	$12.36	+5%	est. $21.4B+0%	est. $18.27	24
2025reported	$23.8B	+11%	$16.70	+35%	est. $23.7B+0%	est. $20.82	24
2026	$26.6B	+12%	$24.48	+18%	$26.6B–$26.6B	$24.41–$24.51	27
2027	$29.1B	+9%	$27.73	+13%	$28.4B–$29.6B	$26.86–$28.71	28
2028	$31.6B	+9%	$31.42	+13%	$30.6B–$33.4B	$28.89–$36.92	23
2029	$34.4B	+9%	$37.26	+19%	$33.9B–$35.1B	$36.46–$38.25	21
2030	$37.4B	+9%	$34.84	-6%	$36.8B–$38.1B	$34.09–$35.77	16

A reported year shows the company's figures, with the consensus beside it (revenue against it in %). Reported EPS is GAAP diluted; the analysts' EPS usually leaves items such as stock compensation out, so the two are not like for like. Faded: a year the valuation models do not read — they read the first 3, and a later one only while 10 or more analysts cover every year up to it — or one under 5 analysts.

The analysts at a glance

$257.50median target, 5% above the last close

Firms with a target · last 90 days: 14
Lowest – highest target: $225.00 – $315.00
Current grades of 27 firms: positive / neutral / negative: 4 / 18 / 5
Upgrades / downgrades · 12 months: 1 / 15
Consensus revenue growth · next 3 FY: +10% a year

Current grades

each firm's latest · 27 firms

As of	Firm	Grade
2026-10-13	HSBC	“Hold”
2026-10-12	Wells Fargo	“Underweight”
2026-09-14	D.A. Davidson	“Buy”
2026-09-11	Citigroup	“Neutral”
2026-09-11	BTIG	“Neutral”
2026-09-11	Baird	“Neutral”
2026-09-11	Citizens	“Market Perform”
2026-09-11	RBC Capital	“Outperform”
2026-09-11	Jefferies	“Hold”
2026-09-11	TD Cowen	“Hold”

17 more

2026-09-11	UBS	“Neutral”
2026-09-11	Piper Sandler	“Neutral”
2026-09-11	J.P. Morgan	“Overweight”
2026-09-11	BMO Capital	“Market Perform”
2026-09-11	Evercore ISI	“In Line”
2026-09-09	Stifel	“Hold”
2026-09-03	Barclays	“Equal Weight”
2026-08-19	Bank of America	“Underperform”
2026-07-21	Morgan Stanley	“Underweight”
2026-06-12	Keybanc	“Underweight”
2026-06-12	Mizuho	“Neutral”
2026-06-12	Goldman Sachs	“Sell”
2026-06-11	Bernstein	“Outperform”
2026-06-11	Wolfe Research	“Peer Perform”
2026-03-26	William Blair	“Market Perform”
2026-03-16	Argus Research	“Hold”
2026-01-13	Oppenheimer	“Perform”

Grade changes

last 24 months · 20

Date	Firm	Grade
2026-10-13	HSBC	“Buy” → “Hold” downgrade
2026-10-12	Wells Fargo	“Overweight” → “Underweight” downgrade
2026-07-21	Morgan Stanley	“Equal Weight” → “Underweight” downgrade
2026-07-02	HSBC	“Hold” → “Buy” upgrade
2026-06-12	Evercore ISI	“Outperform” → “In Line” downgrade
2026-06-12	Stifel	“Buy” → “Hold” downgrade
2026-06-11	Wolfe Research	“Outperform” → “Peer Perform” downgrade
2026-04-27	Mizuho	“Outperform” → “Neutral” downgrade
2026-03-26	William Blair	“Outperform” → “Market Perform” downgrade
2026-03-16	Argus Research	“Buy” → “Hold” downgrade

50 more

2026-03-13	Barclays	“Overweight” → “Equal Weight” downgrade
2026-02-03	Piper Sandler	“Overweight” → “Neutral” downgrade
2026-01-13	Oppenheimer	“Outperform” → “Perform” downgrade
2026-01-09	BMO Capital	“Outperform” → “Market Perform” downgrade
2026-01-05	Jefferies	“Buy” → “Hold” downgrade
2025-12-15	Keybanc	“Sector Weight” → “Underweight” downgrade
2025-09-24	Morgan Stanley	“Overweight” → “Equal Weight” downgrade
2025-07-02	Rothschild & Co Redburn	“Neutral” → “Sell” downgrade
2025-03-21	Keybanc	“Underweight” → “Sector Weight” upgrade
2025-01-08	Deutsche Bank	“Buy” → “Hold” downgrade
2024-06-14	J.P. Morgan	“Neutral” → “Overweight” upgrade
2024-06-10	Melius Research	“Buy” → “Hold” downgrade
2024-01-18	BNP Paribas Exane	“Neutral” → “Underperform” downgrade
2023-12-18	Barclays	“Equal Weight” → “Overweight” upgrade
2023-12-04	KGI Securities	“Neutral” → “Outperform” upgrade
2023-10-26	D.A. Davidson	“Neutral” → “Buy” upgrade
2023-10-26	Oppenheimer	“Perform” → “Outperform” upgrade
2023-09-08	Mizuho	“Neutral” → “Buy” upgrade
2023-08-17	Bank of America	“Neutral” → “Buy” upgrade
2023-07-31	Morgan Stanley	“Equal Weight” → “Overweight” upgrade
2023-06-21	BMO Capital	“Market Perform” → “Outperform” upgrade
2023-06-15	BMO Capital	“Market Perform” → “Perform” revised
2023-06-09	Wells Fargo	“Equal Weight” → “Overweight” upgrade
2023-03-31	BNP Paribas Exane	“Outperform” → “Neutral” downgrade
2023-03-28	Erste Group	“Hold” → “Buy” upgrade
2023-01-10	BNP Paribas Exane	“Outperform” → “Neutral” downgrade
2022-09-19	Wells Fargo	“Overweight” → “Equal Weight” downgrade
2022-09-19	Edward Jones	“Buy” → “Hold” downgrade
2022-09-16	Bank of America	“Buy” → “Neutral” downgrade
2022-09-16	Baird	“Outperform” → “Neutral” downgrade
2022-09-16	Barclays	“Overweight” → “Equal Weight” downgrade
2022-09-15	Oppenheimer	“Outperform” → “Perform” downgrade
2022-09-13	BMO Capital	“Outperform” → “Market Perform” downgrade
2022-09-12	Mizuho	“Buy” → “Neutral” downgrade
2022-06-21	Morgan Stanley	“Overweight” → “Equal Weight” downgrade
2022-01-05	UBS	“Buy” → “Neutral” downgrade
2021-12-14	J.P. Morgan	“Overweight” → “Neutral” downgrade
2021-11-22	Atlantic Equities	“Neutral” → “Overweight” upgrade
2020-09-17	DZ Bank	“Hold” → “Buy” upgrade
2020-09-11	TD Cowen	“Market Perform” → “Outperform” upgrade
2020-05-14	DZ Bank	“Buy” → “Hold” downgrade
2020-03-13	J.P. Morgan	“Neutral” → “Overweight” upgrade
2020-01-27	Cleveland Research	“Neutral” → “Buy” upgrade
2020-01-17	Oppenheimer	“Perform” → “Outperform” upgrade
2019-10-16	Citigroup	“Buy” → “Neutral” downgrade
2019-06-20	Stephens & Co.	“Equal Weight” → “Overweight” upgrade
2019-04-29	Morgan Stanley	“Equal Weight” → “Overweight” upgrade
2019-03-15	KeyBanc	“Overweight” → “Sector Weight” downgrade
2019-02-22	DZ Bank	“Buy” → “Hold” downgrade
2019-02-15	TD Cowen	“Outperform” → “Market Perform” downgrade

Targets, grades and estimates are quoted from third parties (via Financial Modeling Prep) and are theirs, not ours; each target links to the report it was published in. A firm counts once, at its latest target or grade.