Morgan Stanley has revised its price target for Adobe Inc. (ADBE, Financial), reducing it from $600 to $510. Despite this adjustment, the investment firm maintains an Overweight rating on Adobe shares.
This decision is part of a broader strategy by Morgan Stanley to re-evaluate the risk and reward profiles of numerous software companies. The revisions come as the firm assesses the impact of tariff uncertainties and considers what investors have already priced into these stocks.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 33 analysts, the average target price for Adobe Inc (ADBE, Financial) is $521.44 with a high estimate of $660.00 and a low estimate of $380.00. The average target implies an upside of 52.03% from the current price of $342.98. More detailed estimate data can be found on the Adobe Inc (ADBE) Forecast page.
Based on the consensus recommendation from 41 brokerage firms, Adobe Inc's (ADBE, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Adobe Inc (ADBE, Financial) in one year is $630.40, suggesting a upside of 83.8% from the current price of $342.98. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Adobe Inc (ADBE) Summary page.
