Adobe stock
ADBENASDAQAdobe Inc., TechnologyISIN US00724F1012
76Score 76 out of 100, Strong
Price and trend
34 / 100
Price history
−29% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 3.8% below it.
Since November 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Sharply down: the price has fallen very quickly lately (RSI 21).
The price is 33% below its 52-week high. Largest decline in 20 years: 72% (November 2021 to June 2026).
Chart figures for advanced users
- SMA 50$247.24
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$247.91
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)21
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDbelow the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$193.41
- The lowest closing price of the last twelve months.
- Resistance$357.53
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Adobe Inc. belongs to the Software (Application) industry (United States) and, with a market value of $92.84B, is number 9 of 189 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $23.77B (up 10.5% year on year) and earnings of $7.13B (up 28.2%).
- For fiscal 2026, analysts expect on average revenue of $26.61B (up 11.9%) and adjusted earnings per share of $24.48 (up 16.9%).
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- MEQIRI Score 76 out of 100 (Strong): rank 84 of 857 in Technology, median 61.
- The P/E is 12.9 (Software (Application) median 30.8, own median of recent years 45.6).
- Our model puts fair value at $563.18, with the price 58% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- High return on capitalReturn on invested capital 59.3% in fiscal 2025, Software (Application) median 3.9%.Profitability 98
- Modestly valuedP/E 12.9, Software (Application) median 30.8, own median 45.6.Valuation 86
- Below fair valuePrice 58% below the fair value of $563.18.Valuation 86
Weaknesses
None of our weakness checks flags anything. Crash risk is measured separately.
Its standout strengths are fundamentals and profitability, while momentum and technical analysis hold the score back.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
Fundamentals are strong, with stable profits and strong cash generation.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk high
How well MEQIRI warnsOne of the 30% with the highest crash risk among stocks ranked 101 to 1,000.
From 2016 to 2025, 23 in 100 such stocks fell 30% or more within a year, against a group average of 15 in 100.
What drives the risk
- high price swings
- price far below its 52-week high
What lowers it
- solid fundamentals
Valuation
Valuation signal
Significantly undervaluedClosing price of 11 Nov 2026, used by the daily score.
In our model the price counts as cheap below $402.27 and expensive above $938.63 (uncertainty high, based on the price swings of the past year).
The two parts of the fair value come to $559.12 (cash-flow model) and $567.23 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 9.8%. At 10.8% the fair value would be $522.50, at 8.8% it would be $620.15.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (30.8).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 28 Aug 2026, revenue rose 12% on the twelve months before. Revenue has grown strongly since 2006, at around 12% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 89%, operating 37%, net 30%.
Debt & balance sheet
latest quarterThe balance sheet is solid, with moderate debt and comfortable interest coverage.
Earnings
- Next earnings
- 9 Dec 2026in 26 days
- Last reported
- 10 Sep 2026EPS reported $6.13 (expected $6.08)in line with expectations
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- $24.480.0%
- Revenue
- $26.61B0.0%
- Earnings per share
- $27.57−0.6%
- Revenue
- $29.06B−0.1%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook raised
Share price after the results: −1.0%Full year revenue and EPS targets were raised, while the 10.2% ending ARR growth guide was reiterated.
“First of all, wanted to say that we reiterated our full year guide of 10.2% growth for the full year in terms of ending ARR.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 10 Sep 2026 (fiscal Q3 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
One insider bought on the open market in the last 6 months, $1.95M in total. 2 insiders sold, $31.45M in total.
Sales say less than purchases: many insiders sell on a fixed plan, for taxes or to diversify.
- Narayen ShantanuSale
17 Sept 2026, Chair and CEO
- Shares
- 50,500
- Price
- $249.57
- Value
- $12.6M
- Narayen ShantanuSale
16 Sept 2026, Chair and CEO
- Shares
- 74,500
- Price
- $251.56
- Value
- $18.74M
- Forusz JillianSale
29 Jul 2026, SVP & CAO
- Shares
- 416
- Price
- $264.33
- Value
- $109,961
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- Ricks David APurchase
25 Jun 2026, Board
- Shares
- 10,000
- Price
- $194.51
- Value
- $1.95M
Partial trades from one filing are shown in one row, with the average price.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Adobe
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
857 rated companies in Technology
- This company
- 76
- Sector median
- 61
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Software (Application)
The next larger and next smaller companies by market value
- AppLovinAPP $135.04B70
- Automatic Data ProcessingADP $120.94B82
- ServiceNowNOW $106.66B59
- SnowflakeSNOW $106.27B41
- IntuitINTU $91.57B76
- Cadence Design SystemsCDNS $90.34B73
- DatadogDDOG $66.57B55
- AutodeskADSK $54.34B74
ETFs that hold Adobe
Held by 161 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| State Street SPDR MSCI USA Value UCITS ETF USD AccZPRU | 2.37% | 0.20% | €294.97M |
| Amundi MSCI Robotics & AI UCITS ETF AccGOAI | 2.15% | 0.40% | €1.14B |
| Amundi MSCI Digital Economy UCITS ETF AccEBUY | 2.02% | 0.45% | €96.36M |
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| Invesco Artificial Intelligence Enablers UCITS ETF AccumUSDIVAI | 1.88% | 0.35% | €35.63M |
| Invesco Global Buyback Achievers UCITS ETFBBCK | 1.68% | 0.39% | €188.08M |
| iShares MSCI World Information Technology Sector Advanced UCITS ETFAYEW | 1.62% | 0.18% | €1.03B |
| UBS Factor MSCI USA Prime Value Screened UCITS ETF hEUR accUBUW | 1.52% | 0.28% | €127.84M |
| UBS Factor MSCI USA Quality Screened UCITS ETF USD disUBUT | 1.45% | 0.25% | €1.14B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 28 Nov 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 31 Mar 2016)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.