What is the average ADBE price target?

According to 18 Wall Street analyst s that have issued a 1 year ADBE price target, the average ADBE price target is $381.39, with the highest ADBE stock price forecast at $440.00 and the lowest ADBE stock price forecast at $325.00. On average, Wall Street analysts predict that Adobe 's share price could reach $381.39 by May 19, 2024.

What is a price target?

Price targets can pertain to all types of securities, from complex investment products to stocks and bonds. When setting a stock's price target, an analyst is trying to determine what the stock is worth and where the price will be in 12 or 18 months. Ultimately, price targets depend on the valuation of the company that's issuing the stock.

How accurate is a price target?

Despite the best efforts of analysts, a price target is a guess with the variance in analyst projections linked to their estimates of future performance. Studies have found that, historically, the overall accuracy rate is around 30% for price targets with 12-18 month horizons.

Is Adobe Stock a good value?

According to the issued ratings of 27 analysts in the last year, the consensus rating for Adobe stock is Hold based on the current 16 hold ratings and 11 buy ratings for ADBE. The average twelve-month price prediction for Adobe is $388.00 with a high price target of $430.00 and a low price target of $350.00.