Analyst Ratings for Adobe Systems Inc. (ADBE)Updated: 2017-07-29
Shares of Adobe Systems Inc. (NASDAQ:ADBE) have received a consensus rating of Overweight from Wall Street analysts. ADBE had previously received a consensus rating of Overweight a month ago.
Of the 30 analysts covering the stock, 20 gave it a buy rating, 3 gave an overweight rating, 6 issued a hold rating, 0 gave an underweight rating, and 1 gave a sell rating. Compared to three months ago, there has been an decrease of 2 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 1.
Many analysts weighed in on price targets for ADBE. The most optimistic price target was 184, implying a possible profit of 25.4 percent. The minimum price target given was 114, which equates to a potential downside of -22.31 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. That number becomes 3.96 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 2.79 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
ADBE has an estimated earnings growth rate of 14.73 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. ADBE has a PEG ratio of 3.45.
In the trailing 52-weeks, ADBE hit 150.40 at the highest peak, while it's lowest trading point was 95.42. Today's price is 53.77 percent above the 52-week low, and 2.44 percent below the high. ADBE has a price/earnings ratio of 50.77. Investors typically compare the P/E ratio to a company's peers in the industry. The ADBE value stock report compares ADBE to some of its peers using value stock charts. The market cap of ADBE is $72.4 billion. ADBE's next earnings release will be on 0000-00-00, which is days away.