Adobe Stock Outlook: Is Wall Street Bullish or Bearish?

San Jose, California-based Adobe Inc. (ADBE) is a diversified software company operating through Digital Media, Digital Experience, and Publishing and Advertising segments. With a market cap of $144.7 billion, Adobe operates as one of the largest software companies in the world.

The software giant has significantly underperformed the broader market over the past year. Adobe’s stock has plummeted 37.8% over the past 52 weeks and approximately 25% on a YTD basis, compared to the S&P 500 Index’s ($SPX) 19.3% gains over the past year and 8.4% returns in 2025.