Adobe Inc.

NasdaqGS:ADBE 株式レポート

時価総額：US$103.3b

Adobe 将来の成長

Future 基準チェック /26

Adobe利益と収益がそれぞれ年間7.3%と8.6%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に54.4% 11%なると予測されています。

主要情報

7.3%

収益成長率

10.98%

EPS成長率

Software 収益成長19.0%
収益成長率8.6%
将来の株主資本利益率54.38%
アナリストカバレッジ

Good

最終更新日27 Apr 2026

今後の成長に関する最新情報

分析記事 • Jun 27

Analyst Estimates: Here's What Brokers Think Of Adobe Inc. (NASDAQ:ADBE) After Its Second-Quarter Report

Adobe Inc. ( NASDAQ:ADBE ) last week reported its latest quarterly results, which makes it a good time for investors to...

Recent updates

Seeking Alpha • May 06

Adobe: The Next Nokia?

Summary Adobe faces existential risk as generative AI threatens to erode its product uniqueness and mass-market user base. Despite a forward P/E of 10.4x–12x and $24B TTM revenue, I rate ADBE a Sell due to looming margin compression and competitive threats. Management's $25B share buyback prioritizes short-term share support over critical R&D investment, jeopardizing long-term technological leadership. Leadership transition and a strategic pivot to integrating third-party AI signal capitulation, echoing historical declines like Nokia’s post-2008 trajectory. Read the full article on Seeking Alpha
新しいナラティブ • May 04

Classic Value Trap

Adobe was an amazing company. I'm an end user since 1991.
ナラティブ更新 • Apr 30

ADBE: AI Competition And CEO Transition Will Reshape Future Cash Flows

Adobe's updated analyst price target has shifted from about $580 to roughly $456 as analysts factor in rising AI competition, a series of target cuts across major firms, and added uncertainty around the CEO transition and annual recurring revenue trends. Analyst Commentary Recent research on Adobe clusters around a few key themes that matter for you as an investor: how the market is pricing AI competition, what the CEO transition means for execution, and how annual recurring revenue trends feed into valuation.
ナラティブ更新 • Apr 16

ADBE: Generative AI And Freemium Adoption Will Shape Future Earnings Power

Adobe's analyst price target has been adjusted slightly higher, with analysts pointing to updated expectations for revenue growth, profit margins, and future P/E in light of recent Q1 results, CEO transition news, and ongoing discussion around AI related opportunities and headwinds. Analyst Commentary Wall Street views on Adobe are mixed, with many firms trimming price targets and recalibrating ratings after the Q1 print and the CEO transition update.
ナラティブ更新 • Apr 01

ADBE: Generative AI Monetization And Freemium User Growth Will Drive Future Revenue

Adobe's updated fair value estimate has been reduced from about $408 to roughly $328 as analysts factor in a lower future P/E, softer growth assumptions, and fresh uncertainty tied to the CEO transition and AI-driven shifts in its core businesses. Analyst Commentary Recent research on Adobe reflects a clear reset in expectations, with many firms cutting price targets and adjusting ratings to reflect CEO transition risk, AI related disruption, and softer growth metrics such as net new annual recurring revenue.
分析記事 • Apr 01

Why Adobe's (NASDAQ:ADBE) Earnings Are Better Than They Seem

The market seemed underwhelmed by the solid earnings posted by Adobe Inc. ( NASDAQ:ADBE ) recently. Along with the...
ナラティブ更新 • Mar 18

ADBE: CEO Transition Will Intensify AI Monetization Uncertainty And Multiple Compression

Analysts have reduced the Adobe price target to $220 from $271.93, reflecting softer revenue growth assumptions, a lower future P/E outlook, and heightened uncertainty around the CEO transition and the pace of AI driven monetization. Analyst Commentary Recent research on Adobe shows a clear tilt toward caution, with multiple price target cuts and rating downgrades clustering around the latest fiscal Q1 report and the CEO transition announcement.
ナラティブ更新 • Mar 04

ADBE: AI Adoption And Generative Credits Will Drive Future Revenue Milestones

Our updated view trims Adobe's fair value estimate from $447.56 to $408.47, reflecting a lower assumed future P/E of about 21.2x. This is in line with a wave of reduced Street price targets around $290 to $375 and analyst concerns about competitive pressure, AI related execution risks, and more muted near term upside for the shares.
新しいナラティブ • Mar 01

Adobe Inc. (ADBE): Defending the Creative Moat – Pre-Earnings Pulse in a Generative AI Era

Adobe (ADBE) enters March 2026 at a critical crossroads, currently trading at $262.41 as of the February 27 close. The stock has weathered a punishing 2025 and early 2026, down roughly 42% from its 52-week high, primarily due to "AI existentialism"—the market's fear that generative AI competitors might commoditize Adobe’s core Creative Cloud.
ナラティブ更新 • Feb 18

ADBE: AI Transition And Creative Ecosystem Partnerships Will Reshape Future Cash Flows

Our fair value estimate for Adobe has edged higher to $580.27 from $575.83 as analysts broadly reduce price targets and ratings in response to softer Digital Media growth expectations, questions about the durability of the competitive moat, and concerns that AI benefits may be slower to show up in revenue and margins than previously hoped. Analyst Commentary Recent Street research on Adobe has tilted more cautious, with several firms cutting ratings and price targets as they reassess Digital Media growth expectations, competition, and the timing of AI monetization.
ナラティブ更新 • Feb 04

ADBE: AI Transition And Semrush Deal Will Reshape Future Cash Flows

Analysts have trimmed their fair value estimate for Adobe slightly, to about $576 per share. They cite a wave of recent downgrades and reduced price targets that reflect concerns about limited near term upside, competitive pressure in creative tools, and uncertainty over how much the current AI transition will benefit the business.
ナラティブ更新 • Jan 21

ADBE: Future AI And Semrush Deal Will Reshape Cash Flow Profile

Analysts have reduced their Adobe fair value estimate by about US$7 to roughly US$578, citing a lower future P/E assumption and recent price target cuts that reflect concerns about near term growth momentum and competitive pressures. Analyst Commentary Recent Street research on Adobe has tilted more cautious, with several firms cutting ratings and price targets as they reassess expectations around AI driven growth, competitive intensity and near term execution.
ナラティブ更新 • Jan 07

ADBE: Future AI And Marketing Deals Will Reshape Cash Flow Profile

Narrative Update on Adobe Analysts have revised their Adobe fair value estimate from $605.00 to about $585.69. This reflects slightly lower revenue growth and profit margin assumptions, a somewhat higher discount rate, and a partially offsetting increase in the future P/E input in their models.
ナラティブ更新 • Dec 23

ADBE: Rising AI Costs Will Pressure Margins And Drive Multiple Compression

Analysts have reduced their fair value estimate for Adobe from $380.00 to about $271.93 per share, citing expectations for slightly slower revenue growth, lower long term profit margins, and a more conservative valuation multiple. Analyst Commentary Bearish analysts have become more vocal on Adobe, pointing to a combination of moderating growth expectations and tighter competitive dynamics across creative, document, and marketing workflows.
ナラティブ更新 • Dec 20

Adobe Stock: When Creativity Software Becomes an AI-Native Platform

Adobe (NASDAQ: ADBE) has spent decades defining how digital creativity is produced, edited, and distributed. From Photoshop to Premiere to Acrobat, its tools are embedded deeply into professional and consumer workflows.
ナラティブ更新 • Dec 09

ADBE: AI Adoption And Acquisitions Will Drive Future Revenue Milestones

Analysts have nudged their average price target on Adobe slightly lower, trimming fair value by about $3 to approximately $448 as they factor in modestly slower revenue growth, slightly softer long term margins, and a marginally higher discount rate, despite continued momentum in AI driven products. Analyst Commentary Analysts remain divided on Adobe's outlook, with most acknowledging solid execution in the near term but reassessing the pace and durability of growth as the company leans further into AI infused offerings.
ナラティブ更新 • Nov 24

ADBE: Ongoing AI Product Adoption Will Drive Early Revenue Milestones And Overcome Doubts

Adobe's analyst price target has been revised downward by approximately $6 to $450. Analysts are trimming future growth and profit expectations in light of continued AI-driven uncertainty and evolving competitive dynamics.
新しいナラティブ • Oct 09

A Fair Price for a Great Business Facing Real Threats

TLDR; "HOLD" The story of Adobe today is that of a wide-moat champion that has been knocked from its pedestal. After a deep-dive analysis, our conclusion is that Adobe remains a world-class business, but the competitive landscape has fundamentally changed.
ナラティブ更新 • Sep 23

Firefly And GenStudio Will Transform Marketing And Boost Future Engagement

Analysts have reduced Adobe’s price target to $456.18 due to persistent AI-related uncertainty, slowing revenue growth, and intensified competition, despite continued strong execution and early AI monetization progress. Analyst Commentary Ongoing AI uncertainty and heightened competitive pressures are weighing on long-term growth assumptions and sector valuation multiples, leading to widespread target cuts, despite continued Outperform/Overweight ratings from many bullish analysts.
ナラティブ更新 • Sep 08

Firefly And GenStudio Will Transform Marketing And Boost Future Engagement

Analysts moderately lowered Adobe's price target to $475.45 amid mixed views—bulls cite resilient margins, disciplined execution, and AI potential, while bears flag Creative Cloud market share losses and AI competition—leaving fair value edging slightly lower. Analyst Commentary Bullish analysts highlight Adobe’s potential as a long-term AI winner, citing its commercially safe generative content approach, resilient top line, disciplined expense management, and industry-leading margins as supportive of attractive long-term value.
分析記事 • Jul 02

We Think Adobe's (NASDAQ:ADBE) Robust Earnings Are Conservative

The subdued stock price reaction suggests that Adobe Inc.'s ( NASDAQ:ADBE ) strong earnings didn't offer any surprises...
分析記事 • Jun 27

Analyst Estimates: Here's What Brokers Think Of Adobe Inc. (NASDAQ:ADBE) After Its Second-Quarter Report

Adobe Inc. ( NASDAQ:ADBE ) last week reported its latest quarterly results, which makes it a good time for investors to...
分析記事 • May 27

We Like Adobe's (NASDAQ:ADBE) Returns And Here's How They're Trending

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Seeking Alpha • Apr 23

Adobe: Near 50% Decline Creates Great Buying Opportunity (Rating Upgrade)

Summary You might have missed it, but Adobe's stock has been crushed. The company has a net cash balance sheet, top-tier GAAP margins, and an aggressive share repurchase program. Consensus estimates might be optimistic, but it doesn't matter. I am upgrading the stock to a strong buy rating. Read the full article on Seeking Alpha
Seeking Alpha • Apr 09

OpenAI's Breakthrough Is Terrible For Adobe

Summary Rapidly advancing AI image/video generators (e.g., OpenAI’s 4o) threaten Adobe’s long-standing creative software dominance. As AI democratizes content creation, Adobe’s premium subscription model faces commoditization risks. Despite headwinds, Adobe’s strong revenue growth and massive user base offer a foundation for pivoting into AI. Adobe must keep pace with resource-heavy tech giants and specialized AI startups or risk losing its competitive moat. Read the full article on Seeking Alpha
新しいナラティブ • Apr 08

Firefly And GenStudio Will Empower Creative Evolution

AI product integration, like Firefly and GenStudio, aims to boost user engagement, supporting revenue growth and enhancing monetization.
新しいナラティブ • Apr 08

Generative AI, Firefly App And Express Will Expand Future Reach

AI integration and new app expansions boost user engagement and capture next-gen users, driving subscription sales and revenue growth.
Seeking Alpha • Mar 19

Adobe: Strong FCF Growth, But Growth Stabilization Needed

Summary Adobe's 1Q FY2025 earnings beat expectations, but weak 2Q guidance points to a continued growth slowdown and margin contraction despite improving GenAI monetization. Management reiterated its FY2025 outlook despite delivering better-than-expected 1Q FY2025 earnings. 1Q FY2025 total bookings declined 1.9% YoY, marking the first negative growth since 2Q FY2022 and raising concerns about weaker demand. Despite the growth slowdown, the company delivered strong FCF, with sequential growth acceleration. The 10% post-earnings selloff seems overdone, presenting a buying opportunity as the stock trades at 19.6x non-GAAP forward P/E. Read the full article on Seeking Alpha
Seeking Alpha • Mar 13

Adobe Has Become A GARP Play (Rating Upgrade)

Summary Adobe Inc.'s GenAI tools, including Firefly, offer significant growth potential by streamlining marketing workflows, potentially allowing for growth during a time of budgetary constraints across marketing departments. Adobe's integrated Firefly subscription and One Adobe platform aim to enhance creative and marketing collaboration, driving strong growth prospects. Despite being a late mover in GenAI, ADBE's focus on safety and enterprise integration provides a competitive edge in the crowded AI market. Read the full article on Seeking Alpha
Seeking Alpha • Mar 07

Adobe Is A Compelling Buy

Summary Adobe's reliable subscription-based model and strong fundamentals, including impressive revenue and net income growth, make it a solid investment. Adobe's comprehensive software suite and seamless cloud integration provide a significant competitive moat, despite increasing competition and AI advancements. Valuation is reasonable, with forward P/E ratios and price/free cash flow multiples aligning well with sector averages, presenting a good entry point. Despite competitive risks, Adobe's financial health and strategic AI integration position it well for sustained growth and shareholder returns. Read the full article on Seeking Alpha
Seeking Alpha • Feb 27

Adobe: Buy This Overlooked Industry Leader At A Reasonable Price

Summary Adobe stock is 36% off its all-time high, making it reasonably priced despite slower growth and competition from cheaper alternatives like Canva. Adobe's growth has slowed to the low-double digits, but it remains a growing industry leader, and the growth rate is expected to be relatively steady from here. Adobe's Creative Cloud and continuous innovation in AI keep it indispensable for professionals, with an estimated 37 million Creative Cloud subscribers. I expect more buybacks from the company, which should support the share price. Read the full article on Seeking Alpha
Seeking Alpha • Feb 12

Adobe's AI Strategy Is Paying Off: Why This Stock Could Surge

Summary Adobe is undervalued at $450, with a target price of $600, driven by strong subscription revenue and AI integration. Despite competition fears, Adobe's core audience remains loyal, and AI features are boosting customer retention and engagement. Adobe's financials are robust, with 89% gross margins, growing revenue, and significant free cash flow, making it a stable investment. The market is overlooking Adobe's potential, presenting a great buying opportunity with at least a 33% upside in the next 12 months. Read the full article on Seeking Alpha
Seeking Alpha • Jan 21

Adobe: You Don't Have To Be A GARP Acrobat To Buy This Stock

Summary After the recent fall, Adobe now appears to be cheap according to the company's forward growth guidance. Adobe is integrating AI into most of their offerings that are now all going subscription/cloud based. The company is now trading below 10-year growth rates in earnings and free cash flow, a rare event. Adobe is a strong buy, in my opinion, after considering all factors. Read the full article on Seeking Alpha

業績と収益の成長予測

NasdaqGS:ADBE - アナリストの将来予測と過去の財務データ ( )USD Millions
日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数
11/30/202831,0789,15111,51011,89517
11/30/202728,4378,27211,13311,28137
11/30/202626,0937,38810,48210,45537
2/27/202624,4537,20810,31710,507N/A
11/28/202523,7697,1309,85210,031N/A
8/29/202523,1816,9579,5999,792N/A
5/30/202522,6016,8699,4379,615N/A
2/28/202522,0376,7519,1929,364N/A
11/29/202421,5055,5607,8738,056N/A
8/30/202420,9475,3606,5506,732N/A
5/31/202420,4295,0796,3686,584N/A
3/1/202419,9364,8016,4876,783N/A
12/1/202319,4095,4286,9427,302N/A
9/1/202318,8865,1217,6268,030N/A
6/2/202318,4294,8547,4237,861N/A
3/3/202317,9994,7377,3197,762N/A
12/2/202217,6064,7567,3967,838N/A
9/2/202217,1914,8137,1297,579N/A
6/3/202216,6934,8896,8597,279N/A
3/4/202216,1424,8276,8387,227N/A
12/3/202115,7854,8226,8827,230N/A
9/3/202115,0995,8396,5946,946N/A
6/4/202114,3895,5826,5956,978N/A
3/5/202113,6825,5665,7906,174N/A
11/27/202012,8685,2605,3085,727N/A
8/28/202012,4363,8614,9115,322N/A
5/29/202012,0453,6994,4344,808N/A
2/28/202011,6613,2324,3104,734N/A
11/29/201911,1712,951N/A4,422N/A
8/30/201910,6442,778N/A4,153N/A
5/31/201910,1012,652N/A4,186N/A
3/1/20199,5522,682N/A4,053N/A
11/30/20189,0302,591N/A4,029N/A
8/31/20188,5722,414N/A3,755N/A
6/1/20188,1222,167N/A3,504N/A
3/2/20187,6991,879N/A3,172N/A
12/1/20177,3021,694N/A2,913N/A
9/1/20176,9031,592N/A2,775N/A
6/2/20176,5261,443N/A2,589N/A
3/3/20176,1531,313N/A2,433N/A
12/2/20165,8541,169N/A2,200N/A
9/2/20165,552992N/A1,959N/A
6/3/20165,306896N/A1,801N/A
3/4/20165,070799N/A1,784N/A
11/27/20154,796630N/A1,470N/A
8/28/20154,562495N/A1,415N/A
5/29/20154,350365N/A1,323N/A

アナリストによる今後の成長予測

収入対貯蓄率: ADBEの予測収益成長率 (年間7.3% ) は 貯蓄率 ( 3.5% ) を上回っています。

収益対市場: ADBEの収益 ( 7.3% ) US市場 ( 16.4% ) よりも低い成長が予測されています。

高成長収益: ADBEの収益は増加すると予測されていますが、大幅には増加しません。

収益対市場: ADBEの収益 ( 8.6% ) US市場 ( 11.4% ) よりも低い成長が予測されています。

高い収益成長: ADBEの収益 ( 8.6% ) 20%よりも低い成長が予測されています。

一株当たり利益成長率予想

将来の株主資本利益率

将来のROE: ADBEの 自己資本利益率 は、3年後には非常に高くなると予測されています ( 54.4 %)。

成長企業の発掘

7D

1Y

7D

1Y

7D

1Y

企業分析と財務データの現状

データ最終更新日（UTC時間）
企業分析2026/05/06 15:17
終値2026/05/06 00:00
収益2026/02/27
年間収益2025/11/28

データソース

企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。

パッケージデータタイムフレーム米国ソース例
会社財務10年
  • 損益計算書
  • キャッシュ・フロー計算書
  • 貸借対照表
アナリストのコンセンサス予想+プラス3年
  • 予想財務
  • アナリストの目標株価
市場価格30年
  • 株価
  • 配当、分割、措置
所有権10年
  • トップ株主
  • インサイダー取引
マネジメント10年
  • リーダーシップ・チーム
  • 取締役会
主な進展10年
  • 会社からのお知らせ

* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。

特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。

分析モデルとスノーフレーク

本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。

シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。

業界およびセクターの指標

私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。

アナリスト筋

Adobe Inc. 37 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。64

アナリスト機関
Joseph BonnerArgus Research Company
Robert OliverBaird
Saket KaliaBarclays