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Adobe (ADBE) stock forecast for 2024
Updated: May 18, 2024 (01:06)
Sector: TechnologyThe share price of Adobe Inc. (ADBE) now
50/200 Day Moving Average: $496.53 / $549.53
This figure corresponds to the Average Price over the previous 50/200 days. For Adobe stocks, the 50-day moving average is the resistance level today.
For Adobe stocks, the 200-day moving average is the resistance level today.
Are you interested in Adobe Inc. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Adobe stock price in 2024. How much will one Adobe share be worth in 2024? Is it worth taking profit / loss on ADBE stock now or waiting? What are analysts' forecasts for Adobe stock?
We forecast Adobe stock performance using neural networks based on historical data on ADBE stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. This corporation stock prediction results are shown below and presented as a graph, table and text information.
Adobe Inc. stock forecasts are adjusted once a day based on the closing price of the previous trading day.
The minimum target price for Adobe analysts is $621.87. Today 200 Day Moving Average is the resistance level (549.53 $). 50 Day Moving Average is the resistance level (496.53 $).
Historical and forecast chart of Adobe Inc. stock
The chart below shows the historical price of Adobe stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the ADBE stock price can be found in the table below.
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The 2024 ADBE Stock Forecast: Riding the AI Wave to Financial Success
As we look towards 2024, forecasting the stock rates for Adobe (NASDAQ:ADBE) becomes a captivating endeavor, especially given its recent success and strategic moves in the AI domain. Adobe’s deep dive into AI integration across its products for enhanced personalization, coupled with its impressive operational initiatives, sets a robust foundation for its financial trajectory. However, when it comes to predicting ADBE stock rates with accuracy, one must consider the dynamic nature of the tech market and external economic factors that could influence investor sentiment.
Key Influencers on ADBE’s 2024 Stock Performance
Several pivotal events and factors are poised to shape the Adobe stock forecast for 2024. Primary among these is Adobe’s aggressive push into AI, especially with tools like Firefly, which have fueled the company’s stock price surge by over 70% in the past year. This initiative not only showcases Adobe’s innovation but also its commitment to maintaining a competitive edge, which could continue to attract investor interest.
Additionally, Adobe’s strong financial foundation—highlighted by its robust cash flow statement, pro forma operating margins close to 50%, and consistent growth rates—reinforces confidence in its stock. This is critical as concerns about overvaluation linger. Despite the apprehension surrounding its valuation, the company’s growth drivers, such as the double-paced growth of its Document Cloud compared to competitors like DocuSign, confirm that Adobe is well-positioned for sustained success.
However, the Adobe market cap and stock forecast remain subject to market volatility and shifts in investor sentiment. As 2024 approaches, the anticipation of how Adobe leverages AI and navigates the tech landscape will be decisive. While the precise prediction of ADBE stock rates involves inherent uncertainty, Adobe’s current trajectory and strategic investments suggest that it is on a promising path, warranting a cautiously optimistic Adobe stock forecast for 2024.
Adobe (ADBE) Forecast for 2024
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jun | 537.49 | 511.64 | 568.24 | 9.96 % |
| Jul | 605.97 | 543.74 | 655.60 | 17.06 % |
| Aug | 583.13 | 552.80 | 609.66 | 9.33 % |
| Sep | 620.27 | 582.37 | 664.62 | 12.38 % |
| Oct | 602.53 | 551.62 | 637.78 | 13.51 % |
| Nov | 582.95 | 527.63 | 631.45 | 16.44 % |
| Dec | 614.78 | 558.03 | 641.95 | 13.07 % |
Adobe information and performance
345 PARK AVE, SAN JOSE, CA, US
Market capitalization of the Adobe Inc. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of ADBE shares in the company outstanding by the market price of one share.
EBITDA of Adobe is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.
Forward P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
Adobe price target for 2024 by month
Target values for the price of one Adobe share for Jun 2024.
In Jun, the Positive dynamics for Adobe Inc. shares will prevail with possible monthly volatility of 9.960% volatility is expected.
Pessimistic target level: 511.64
Optimistic target level: 568.24
Target values for the price of one Adobe share for Jul 2024.
In Jul, the Positive dynamics for Adobe Inc. shares will prevail with possible monthly volatility of 17.063% volatility is expected.
Pessimistic target level: 543.74
Optimistic target level: 655.60
Target values for the price of one Adobe share for Aug 2024.
In Aug, the Negative dynamics for Adobe Inc. shares will prevail with possible monthly volatility of 9.326% volatility is expected.
Pessimistic target level: 552.80
Optimistic target level: 609.66
Target values for the price of one Adobe share for Sep 2024.
In Sep, the Positive dynamics for Adobe Inc. shares will prevail with possible monthly volatility of 12.375% volatility is expected.
Pessimistic target level: 582.37
Optimistic target level: 664.62
Target values for the price of one Adobe share for Oct 2024.
In Oct, the Negative dynamics for Adobe Inc. shares will prevail with possible monthly volatility of 13.510% volatility is expected.
Pessimistic target level: 551.62
Optimistic target level: 637.78
Target values for the price of one Adobe share for Nov 2024.
In Nov, the Negative dynamics for Adobe Inc. shares will prevail with possible monthly volatility of 16.442% volatility is expected.
Pessimistic target level: 527.63
Optimistic target level: 631.45
Target values for the price of one Adobe share for Dec 2024.
In Dec, the Positive dynamics for Adobe Inc. shares will prevail with possible monthly volatility of 13.072% volatility is expected.
Pessimistic target level: 558.03
Optimistic target level: 641.95
