Adobe Inc. (ADBE)
NASDAQInformation TechnologySoftware - ApplicationSnapshot 2026-10-29
$250.23+0.85%
Close 2026-10-30 · 1-day change
NASDAQInformation TechnologySoftware - ApplicationSnapshot 2026-10-29
Research Workspace
Put ADBE beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Application Software is in steady. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Achieve revenue target of ~$26.55B in FY26: Revenue: $6.76B.
View ThesisRevenue growth is slowing — up about 12% over the past year and decelerating.
View GrowthRanks among the strongest in its industry on quality — around the top 6%.
View QualityManagement screens strong on capital allocation, earnings delivery, margins.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationThis stock is volatile — it swings about 2% on a typical day and fell roughly 46% in its worst 12-month stretch.
View RiskAdobe’s case rests on AI-driven product innovation sustaining revenue growth, though the primary FY2026 revenue pillar is under pressure. Revenue grew 13% year over year in Q3 FY2026, and adjusted earnings beat consensus. Adobe trades at 11× P/E versus a 30× peer median. The price reflects less growth than our forecast. The risk is missing the FY2026 revenue target of about $26.55 billion; Q3 revenue was $6.76 billion. Our model puts the next-quarter miss probability near 18%. Peer multiples imply a price about 29% above where it trades; the thesis is on watch.
Trailing returns as of 2026-10-30. ADBE is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 41 analysts currently covering ADBE (as of Oct 2026).
Based on 14 Wall Street analysts offering 12-month price targets for ADBE in the last 4 months.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| ADBE Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 12 valuation methods, at three horizons. As of 2026-10-30. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Application Software — fair value, gap to price, and forward P/E.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Compare the value case
Put ADBE next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Threatens: Achieve revenue and EPS targets for FY2026
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-30. EPS is implied from price ÷ P/E. Not investment advice.
Current $250.23
The last 12 months of price, then the range of analyst 12-month targets from today’s $250.23.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Top 10% on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Double downgrade raises concerns about revenue targets.
Advances: Implement $25 billion stock repurchase program
Reinforces commitment to stock repurchase program.
Advances: Expand AI-driven product innovation and customer reach
Discounts on AI plans may boost customer adoption.
Advances: Expand AI-driven product innovation and customer reach
Predicted rise in AI-assisted shopping supports product innovation.
Threatens: Conduct CEO succession planning and transition
CEO stock sale raises concerns about leadership stability.
Threatens: Conduct CEO succession planning and transition
CEO share sale raises concerns about leadership stability.
Threatens: Expand AI-driven product innovation and customer reach
Concerns about AI performance could hinder growth.
Claims of intentional growth sacrifice could hinder revenue targets.