Adobe Inc. is an American multinational computer software company. Incorporated in Delaware and headquartered in San Jose, California, it has historically specialized in software for the creation and publication of a wide range of content, including graphics, photography, illustration, animation, multimedia, motion pictures and print. The company has expanded into digital marketing management software. Adobe has millions of users worldwide. Flagship products include: Photoshop image editing software, Adobe Illustrator vector-based illustration software, Adobe Acrobat Reader and the Portable Document Format (PDF), plus a host of tools primarily for audio-visual content creation, editing and publishing.
| Revenue (TTM) | $25.97B |
| Gross Profit (TTM) | $23.18B |
| EBITDA | $9.92B |
| Operating Margin | 34.80% |
| Return on Equity | 61.90% |
| Return on Assets | 20.10% |
| Revenue/Share (TTM) | $63.95 |
| Book Value | $30.09 |
| Price-to-Book | 8.13 |
| Price-to-Sales (TTM) | 3.63 |
| EV/Revenue | 3.727 |
| EV/EBITDA | 9.39 |
| Quarterly Earnings Growth (YoY) | 10.50% |
| Quarterly Revenue Growth (YoY) | 12.90% |
| Shares Outstanding | $389.20M |
| Float | $388.05M |
| % Insiders | 0.23% |
| % Institutions | 89.05% |
Volatility is currently contracting
Robert Hall and Michael Woodford have won the Nobel Economics Prize 2026 on Monday for "for microeconomic foundations of macroeconomic stabilization." Adobe (ADBE) downgraded to Underweight as competitive pressures intensify, while Tyler Technologies (TYL) upgraded to Overweight, with 2025 headwinds seen as transitory and potential reversion by 2027.
Enterprise software names are rallying, and Adobe (NASDAQ:ADBE | ADBE Price Prediction) is the notable exception after a fresh Wall Street downgrade. Adobe stock is down 4% to $233.50 this morning.
Adobe stock drops Monday after receiving a double downgrade from Wells Fargo, which cited worsening organic growth, executive instability, and a loss in pricing power.
Adobe keeps beating earnings estimates and raising guidance, yet the stock has cratered 30% this year while peers held up far better. One Bernstein analyst sees a massive mispricing that the rest of Wall Street is not ready to believe.
Adobe is rated Buy with a 12-month target of $294 and probability-weighted fair value of $274, citing undervalued growth. The current price implies ~3% annual revenue growth, while ADBE has delivered an average of 10.8% over the last four years. Management reiterated a 10.2% ARR growth target and raised full-year guidance, emphasizing a strategic focus on expanding the freemium funnel.
Wall Street spent months betting that AI would hollow out consulting and IT services firms, then a single unconfirmed revenue figure sent those same beaten-down stocks surging while the AI darlings sank.
Adobe and Microsoft were hit by the same US immigration crackdown on Thursday, but Wall Street treated their shares very differently. Adobe stock (NASDAQ: ADBE) jumped 3.56% to $241.05 on October 8, while Microsoft fell 1.35% to $522.61.
The Trump administration suspended Microsoft, Adobe, and others from the PERM program. VP JD Vance said Microsoft abused the PERM program more than any other company.
The Trump administration is suspending Microsoft, Adobe, and several other technology companies from a program that helps skilled foreign workers obtain permanent residency in the United States, accusing the companies of fraud.
The U.S. Labor Department announced it would suspend Microsoft and Adobe from its Permanent Labor Certification. Labor Secretary Keith Sonderling said Cognizant, Infosys, Capgemini, Tata, Wipro and HCL were also suspended from the program.
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