Adobe Inc (ADBE) Stock: Do Analysts Think You Should Hold?

Analysts who follow Adobe Inc (ADBE) on average expect it to add 26.58% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy. That average rating earns the stock an Analyst Ranking of 63, which means it ranks higher than 63 of stocks, based on data compiled by InvestorsObserver.

Wall Street analysts are rating ADBE a Strong Buy today. Find out what this means to you and get the rest of the rankings on ADBE!

See Full ADBE Report

Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers. InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With Adobe Inc Stock Today?

Adobe Inc (ADBE) stock has risen 1.29% while the S&P 500 is lower by -0.17% as of 3:01 PM on Wednesday, Jan 19. ADBE has gained $6.64 from the previous closing price of $513.34 on volume of 2,030,797 shares. Over the past year the S&P 500 is up 20.29% while ADBE has gained 13.91%. ADBE earned $10.02 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 51.9. Click Here to get the full Stock Report for Adobe Inc stock.