Adobe Inc. (ADBE)
NASDAQInformation TechnologySoftware - ApplicationSnapshot 2026-09-14
$257.76-2.95%
Close 2026-09-15 · 1-day change
NASDAQInformation TechnologySoftware - ApplicationSnapshot 2026-09-14
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 EPS target of ~$24.4 in FY26: FY26 EPS guidance $24.4 vs target ~$24.4.
View ThesisRevenue growth is slowing — up about 11% over the past year and decelerating.
View GrowthRanks among the strongest in its industry on quality — around the top 5%.
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 47% in its worst 12-month stretch.
View RiskAdobe's growth trajectory relies on achieving its revenue and EPS targets for FY2026. Recent earnings showed a strong performance, with revenue growing 13% year over year and a significant EPS beat of 26%. Adobe trades at 12× P/E versus a peer median of 27×, indicating that the price reflects less growth than expected. The primary risk is the pressure to achieve an EPS target of approximately $24.4 for FY26, as any failure could impact credibility. Peer multiples imply a price about 24% above where it trades. Our read remains intact.
Trailing returns as of 2026-09-15. ADBE is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 40 analysts currently covering ADBE (as of Sep 2026).
Based on 18 Wall Street analysts offering 12-month price targets for ADBE in the last 4 months.
Continue this research
Compare ADBE with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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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 13 valuation methods, at three horizons. As of 2026-09-14. 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.
Claims of intentional growth sacrifice could hinder revenue targets.
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 2026-09-15. EPS is implied from price ÷ P/E. Not investment advice.
Current $257.76
The last 12 months of price, then the range of analyst 12-month targets from today’s $257.76.
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
A second lens on the 12-month fair value: for companies that score high on measured quality (profitability, balance-sheet safety, earnings stability), this read trusts more of today's profit margins instead of averaging them toward their multi-year history the way the headline number does. Shown alongside the fair value above, not in place of it. A diagnostic, not a price target or a buy/sell signal.
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Advances: Expand AI-driven product innovation and customer reach
AI revenue growth supports product innovation objectives.
Advances: Expand AI-driven product innovation and customer reach
Highlights significant AI-driven growth potential.
Threatens: Achieve revenue and EPS targets for FY2026
Q4 guidance below consensus raises concerns on targets.
Advances: Expand AI-driven product innovation and customer reach
Focus on AI-driven innovation aligns with growth objectives.
Advances: Expand AI-driven product innovation and customer reach
Continued focus on AI supports product innovation.
Advances: Achieve revenue and EPS targets for FY2026
Earnings call confirms revenue growth trajectory.
Advances: Expand AI-driven product innovation and customer reach
AI leverage supports product innovation narrative.
