Wall Street analyst price targets, ratings consensus & upside potential · Updated Feb 28, 2026
Last 12 months price action with 12-month analyst target path
As of March 2, 2026, Adobe Inc. (ADBE) has a Wall Street consensus price target of $375.94, based on estimates from 61 covering analysts. With the stock currently trading at $262.41, this represents a potential upside of +43.3%. The company has a market capitalization of $115.72B.
Analyst price targets range from a low of $280.00 to a high of $500.00, representing a 59% spread in expectations. The median target of $382.50 aligns closely with the consensus average. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Buy, with 37 analysts rating the stock as a Buy or Strong Buy,21 rating it Hold, and 3 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, ADBE trades at a trailing P/E of 21.2x and forward P/E of 11.2x. The forward PEG ratio of 0.72 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow +37.1% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $487.95, with bear and bull scenarios of $295.19 and $648.61 respectively. Model confidence stands at 84/100, indicating high predictability in the company's fundamentals.
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Start ComparisonThe consensus Wall Street price target for ADBE is $375.94, representing 43.3% upside from the current price of $262.41. With 61 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
ADBE has a consensus rating of "Buy" based on 61 Wall Street analysts. The rating breakdown is predominantly bullish, with 37 Buy/Strong Buy ratings. The consensus 12-month price target of $375.94 implies 43.3% upside from current levels.
With a forward P/E of 11.1973x, ADBE trades at a relatively low valuation. The consensus target of $375.94 implies 43.3% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $500 for ADBE, while the most conservative target is $280. The consensus of $375.94 represents the median expectation. Our quantitative valuation model projects a bull case target of $649 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
ADBE is heavily covered by Wall Street, with 61 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 37 have Buy ratings, 21 recommend Hold, and 3 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month ADBE stock forecast based on 61 Wall Street analysts shows a consensus price target of $375.94, with estimates ranging from $280 (bear case) to $500 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $488, with bear/bull scenarios of $295/$649.
Our quantitative valuation model calculates ADBE's fair value at $488 (base case), with a bear case of $295 and bull case of $649. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 84/100.
ADBE trades at a forward P/E ratio of 11.2x based on next-twelve-months earnings estimates compared to a trailing P/E of 21.2x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are very optimistic on ADBE, with a "Buy" consensus rating and $375.94 price target (43.3% upside). 37 of 61 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
ADBE analyst price targets range from $280 to $500, a 59% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $375.94 consensus represents the middle ground. Our model's $295-$649 range provides an independent fundamental perspective.