17.4% Below Target

Adobe Inc. (ADBE) has a consensus 12-month price target of $260.12, implying 17.4% upside from $221.54. The 63 analysts covering ADBE see moderate appreciation potential.

ADBE has a consensus rating of "Buy" based on 63 Wall Street analysts. The rating breakdown is mixed, with 29 Hold ratings making up the largest segment. The consensus 12-month price target of $260.12 implies 17.4% upside from current levels.

With a forward P/E of 9.0986x, ADBE trades at a relatively low valuation. The consensus target of $260.12 implies 17.4% appreciation, suggesting meaningful undervaluation.

The most bullish Wall Street analyst has a price target of $379 for ADBE, while the most conservative target is $190. The consensus of $260.12 represents the median expectation. Our quantitative valuation model projects a bull case target of $391 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.

ADBE is heavily covered by Wall Street, with 63 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 30 have Buy ratings, 29 recommend Hold, and 4 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.

The 12-month ADBE stock forecast based on 63 Wall Street analysts shows a consensus price target of $260.12, with estimates ranging from $190 (bear case) to $379 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $297, with bear/bull scenarios of $187/$391.

Our quantitative valuation model calculates ADBE's fair value at $297 (base case), with a bear case of $187 and bull case of $391. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 62/100.

ADBE trades at a forward P/E ratio of 9.1x based on next-twelve-months earnings estimates compared to a trailing P/E of 13.3x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.

Wall Street analysts are optimistic on ADBE, with a "Buy" consensus rating and $260.12 price target (17.4% upside). 30 of 63 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.

ADBE analyst price targets range from $190 to $379, a 73% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $260.12 consensus represents the middle ground. Our model's $187-$391 range provides an independent fundamental perspective.