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Barchart
Barchart
Sohini Mondal

Are Wall Street Analysts Bullish on Adobe Stock?

Adobe ADBE

With a market cap of $217.8 billion, San Jose, California-based Adobe Inc. (ADBE) is a global leader in software solutions. Known for its creative and digital experience products, Adobe provides tools for content creation, document management, and customer experience optimization to professionals and enterprises worldwide.

Shares of Adobe have significantly underperformed the broader market over the past 52 weeks. ADBE has dipped 15.5% over this time frame, while the broader S&P 500 Index ($SPX) has gained 36.8%. In 2024, shares of ADBE are down 17.1%, compared to SPX’s 25.7% increase on a YTD basis.

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