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.
A number of analysts gave price targets for ADBE. The maximum price target given was 184, which equates to a potential upside of 25.4 percent. The most pessimistic analyst gave a price target of 114, implying a possible loss of -22.31 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. That number becomes 3.96 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 2.79 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.
Analysts estimate earnings of ADBE to grow at a rate of 14.73 percent. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of ADBE is 3.45.
In the last 52-weeks, ADBE has achieved a high of 150.40 and a low of 95.42. The current market price is above the trailing year's low by 53.77 percent, and 2.44 percent lower than its 52-week high. ADBE has a P/E 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.