Fintel reports that on September 15, 2023, Baird maintained coverage of Adobe (NASDAQ:ADBE) with a Neutral recommendation.
Analyst Price Forecast Suggests 2.68% Upside
As of August 30, 2023, the average one-year price target for Adobe is $566.94. The forecasts range from a low of $432.28 to a high of $693.00. The average price target represents an increase of 2.68% from its latest reported closing price of $552.16.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Adobe is $19,805MM, an increase of 4.87%. The projected annual non-GAAP EPS is $15.51.
What is the Fund Sentiment?
There are 3914 funds or institutions reporting positions in Adobe. This is an increase of 171 owner(s) or 4.57% in the last quarter. Average portfolio weight of all funds dedicated to ADBE is 0.77%, an increase of 10.10%. Total shares owned by institutions decreased in the last three months by 1.04% to 410,886K shares. The put/call ratio of ADBE is 1.06, indicating a bearish outlook.
What are Other Shareholders Doing?
Vanguard Total Stock Market Index Fund Investor Shares holds 14,304K shares representing 3.14% ownership of the company. In its prior filing, the firm reported owning 14,144K shares, representing an increase of 1.12%. The firm increased its portfolio allocation in ADBE by 18.40% over the last quarter.
Vanguard 500 Index Fund Investor Shares holds 10,921K shares representing 2.40% ownership of the company. In its prior filing, the firm reported owning 10,683K shares, representing an increase of 2.19%. The firm increased its portfolio allocation in ADBE by 17.49% over the last quarter.
Geode Capital Management holds 9,762K shares representing 2.14% ownership of the company. In its prior filing, the firm reported owning 9,461K shares, representing an increase of 3.08%. The firm increased its portfolio allocation in ADBE by 18.44% over the last quarter.
Jpmorgan Chase holds 7,866K shares representing 1.73% ownership of the company. In its prior filing, the firm reported owning 7,239K shares, representing an increase of 7.98%. The firm increased its portfolio allocation in ADBE by 879.56% over the last quarter.
Bank of New York Mellon holds 6,765K shares representing 1.48% ownership of the company. In its prior filing, the firm reported owning 6,929K shares, representing a decrease of 2.42%. The firm increased its portfolio allocation in ADBE by 13.48% over the last quarter.
Adobe Background Information
(This description is provided by the company.)
Adobe is changing the world through digital experiences.
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