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.
Investment analysts gave a few price targets for ADBE. The most optimistic price target was 184, which equates to a potential upside of 25.4 percent. The minimum price target given was 114, implying potential capital losses 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. The average change in earnings estimates over the last 90 days is 3.96 percent. 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 decreased their estimates.
ADBE has an estimated earnings growth rate of 14.73 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of ADBE is 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 below the high by 2.44 percent. 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.