What is ADBE stock price target for 2026?

WallStSmart's 12-month price target for Adobe Systems Incorporated is $239.16, representing 2.8% downside from the current price of $246.10.

What is ADBE stock forecast?

Adobe Systems Incorporated forecast includes bull, base, and bear case scenarios from 2026 through 2030. Revenue and EPS projections are derived from analyst consensus and conservative extrapolation with growth deceleration for outer years.

Is ADBE undervalued based on price targets?

Our DCF intrinsic value for Adobe Systems Incorporated is $440.62, against a current price of $246.10. The margin of safety is 44.72%.

ADBE

Adobe Systems Incorporated

NASDAQ: ADBE · TECHNOLOGY · SOFTWARE - APPLICATION

$246.10

+1.04% today

Updated 2026-04-29

Market cap

$104.33B

P/E ratio

14.92

P/S ratio

4.27x

EPS (TTM)

$17.15

Dividend yield

—

52W range

$224 – $423

Volume

5.8M

Market cap

$104.33B

P/E ratio

14.92

P/S ratio

4.27x

EPS (TTM)

$17.15

Dividend yield

—

52W range

$224 – $423

Volume

5.8M

Adobe Systems Incorporated (ADBE) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current

$246.10

Consensus

$352.63

+43.29%

2030 Target

—

DCF

$440.62

+44.72% MoS

Current price

$246.10

Analyst consensus

$352.63

+43.29%

2030 Target

—

Intrinsic (DCF)

$440.62

+44.72% MoS

41 analysts:

7 Buy15 Hold3 Sell

Management guidance

No specific CEO revenue targets for 2026-2030 were disclosed in available sources. However, management has maintained guidance consistent with analyst expectations of mid-to-high single-digit growth rates following the strategic NVIDIA partnership announced in March 2026 for next-generation Firefly AI models.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range

Bull case (2030)

$1,676.15

—

Base case (2030)

$995.97

—

Bear case (2030)

$655.88

—

Financial forecast — research-backed

Metric	2023	2024	2025	2026 (E)	2027 (E)	2028 (E)	2029 (E)
Revenue	$19.4B	$21.5B	$23.8B	$26.6B	$28.9B	$31.3B	$33.7B
Revenue growth	—	10.8%	10.5%	11.8%	8.8%	8.1%	7.9%
EPS	$16.08	$18.42	$19.90	$23.97	$27.05	$30.15	$33.45
P/S ratio	—	—	—	12.0x	12.0x	12.0x	12.0x
Implied price	—	—	—	$777.34	$850.22	$923.10	$995.97

Catalysts & risks

Growth catalysts

+ NVIDIA strategic partnership for Firefly generative AI models and agentic workflows

+ Omnicom/Credera unified Adobe practice expansion driving enterprise adoption

+ AI-powered content creation tools (GenStudio) gaining traction with Workday, Dow partnerships

+ CEO succession transition (Shantanu Narayen exit) and organizational leadership changes

+ UK regulatory settlement and operational improvements following cancellation fee litigation

Key risks

- Intensifying AI competition from open-source tools, Figma, and emerging alternatives

- CEO departure creating near-term leadership uncertainty and succession execution risk

- Regulatory headwinds including UK antitrust probe and DOJ $150M settlement impacts

- Software sector valuation compression and reduced analyst enthusiasm (multiple downgrades Q1 2026)

- Customer migration concerns as agentic AI reduces traditional creative workflow dependency

Methodology

Adobe Systems Incorporated's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 41 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.