How to Buy Adobe Stock
Adobe Inc
Adobe Inc. operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising.
Adobe stock last closed at $436.37, up 2.25% from the previous day, and has decreased 1.11% in one year. It has underperformed other stocks in the Software - Infrastructure industry by 0.01 percentage points. Adobe stock is currently +58.84% from its 52-week low of $274.73, and -3.28% from its 52-week high of $451.15.
As of Jun 2, 2023, there are 458.7M shares of ADBE outstanding. The market cap of ADBE is $200.16B. In the past 24 hours, 4.3M ADBE shares were traded.
How to Buy Adobe Stock
Not sure how to invest in Adobe stock? Here's how.
- Choose where to buy Adobe stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you choose where to buy Adobe stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Select your payment method and add your information.
- Analyze Adobe stock: The Adobe ticker symbol is ADBE. Is Adobe stock a good investment? Should you buy shares of ADBE? How do ADBE's underlying business fundamentals look? Do top analysts think Adobe is a good buy? Why has ADBE's stock price moved recently? (Hint: Our stock research tools can help you decide if ADBE is a good stock to buy).
- Execute your ADBE buy order: Decide if you will purchase ADBE shares at the current market price or use a limit order to purchase ADBE stock at a given price.
- Monitor your investment in ADBE: Create a watchlist to keep tabs on your position in Adobe stock.
Step 1: Choose where to buy Adobe stock
You will need a brokerage account in order to access the NASDAQ market and buy ADBE stock.
Our favorite brokerage: eToro
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Get $10 towards your purchase of shares by signing up for an account with eToro now.
Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the right brokerage, it's time to fill out some personal info so you are able to invest in ADBE today.
How to Create a New Brokerage Account on eToro
- Click here to get started.
- Input your personal details to start your new brokerage account.
- Submit your application by clicking the "Create Account" button.
Step 3: Deposit funds into your investment account
Now that you have opened your account on the best stock trading app for beginners, your next step is to transfer the money for your investment:
Check out the video below to see the process of transferring funds into your new brokerage account.
Step 4: Analyze Adobe stock
After you have figured out the best place to buy Adobe stock, it's crucial to research their stock prior to buying, so you can wrap your head around the risk and upside.
Overview of key ADBE info
Adobe Overview
WallStreetZen was created to help part-time investors do better fundamental analysis.
You can view all of the due diligence checks on ADBE's stock page.
Is ADBE stock undervalued?
Investors use many financial metrics, analyses, models, and charts to gauge ADBE's true value.
Using relative valuations ratios:
- ADBE may be overvalued based on its P/E ratio of 42.91x, relative to Software - Infrastructure industry P/E ratio of 31.05x
- ADBE may be overvalued based on its P/B ratio of 14.09x, relative to Software - Infrastructure industry P/B ratio of 11.98x
- ADBE may be overvalued based on its PEG ratio of 2x
You can do more valuation analysis on ADBE's stock here.
Is ADBE a healthy company?
Passed Health Checks:
- There are more short-term assets than long-term liabilities on the ADBE balance sheet.
- There are more short-term assets than short-term liabilities on the ADBE balance sheet.
- ADBE's operating cash flow of $7.76B allows it to safely service it's debt of $4.13B.
- ADBE earnings of $6.18B is not sufficient to cover its interest payments.
Failed Health Checks:
- ADBE has a relatively high debt to equity ratio of 0.88.
- Total ADBE debt is higher than 5 years ago, relative to shareholder equity.
- ADBE profit margin has gone down from 29.9% to 26.3% in the past year.
Is ADBE stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 19 Wall Street analysts who give forecasts on ADBE, the consensus analyst rating on Adobe is a Buy
Please note that analyst ratings are not recommendations, nor are they financial advice.
Latest ADBE Analyst Recommendations
Brad Sills, a top 5% analyst from Bank of America maintains ADBE with a strong buy rating and raises their ADBE price target from $400.00 to $480.00, on Jun 2, 2023.
Maintaining his Strong Buy rating, Sills raised his price target on Adobe Inc. by 20%.
He conducted conversations with "several creative professionals" to discuss trends in the digital content design software market, the analyst told his readers.
Sills said his takeaways from those meetings were "encouraging" vis-a-vis both Adobe and the sector.
His ramped price target for this name takes into account peer multiple expansion and "the increasingly positive bias we have toward Adobe in view of its new AI features and dominance in the market," the analyst explained.
However, residual concerns* about the Figma deal are an overhang, Sills added.
* The analyst may be referring to this (as reported on 2023/05/03): "The U.K.’s competition authority (the Competition and Markets Authority (CMA)) confirmed today that it’s launching an initial “phase 1” merger inquiry into Adobe’s proposed $20 billion bid for digital design rival Figma.
"Following the initial Adobe-Figma merger inquiry notice period which ends on May 18, the CMA will have until June 30 to assess its findings and decide whether to proceed to an in-depth “phase 2” investigation.
"Elsewhere, the U.S. Department of Justice (DoJ) is also reportedly readying a lawsuit to block the deal, though nothing is yet confirmed."
Michael Turrin, a bottom 6% analyst from Wells Fargo maintains ADBE with a hold rating and raises their ADBE price target from $360.00 to $420.00, on May 31, 2023.
Matthew Hedberg, a top 27% analyst from RBC Capital reinstates ADBE with a buy rating and maintains their ADBE price target from $415.00 to $415.00, on May 19, 2023.
Brent A. Bracelin, a top 1% analyst from Piper Sandler reiterates ADBE with a strong buy rating and maintains their ADBE price target from $415.00 to $415.00, on Mar 22, 2023.
Sami Badri, a top 13% analyst from Credit Suisse maintains ADBE with a hold rating and raises their ADBE price target from $325.00 to $350.00, on Mar 17, 2023.
You can dig deeper into what analysts are forecasting on the Adobe stock forecast page.
ADBE Trading Indicators
ADBE Growth Metrics
Last year, ADBE earnings were $4.74B. Over the last 5 year, ADBE's earnings have increased by 21.7% per year. This was slower than the Software - Infrastructure industry average of 29.86%.
Last year, ADBE revenue was $18.00B. During the last 5 year, ADBE's revenue has gone up by 18.51% per year. This was faster than the Software - Infrastructure industry average of 17.72%.
You can analyze ADBE's earnings and revenue performance here.
Who is buying/selling ADBE?
In the last year, executives and large shareholders at ADBE have sold more shares than they have bought.
Gloria Chen, EVP Chief People Officer of ADBE, was the latest ADBE insider to sell. They sold $46,310.31 worth of ADBE stock on May 30, 2023.
Research more about who owns ADBE shares here.
Can I rely on ADBE as an income stream?
No, Adobe doesn't provide an income stream by paying out dividends.
ADBE Social Trading Data
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Execute your ADBE buy order
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally fine for most investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a specific dollar amount limit, use a limit order.
Click the Open Trade button and eToro will place your order.
If you need more assistance buying stocks on eToro, watch the how to video below:
Step 6: Monitor your investment in ADBE
Now that you own some ADBE stock, you'll want to stay up-to-date on your new stock purchase.
Start a watchlist to monitor your ADBE stock.
ADBE Feed
How to Buy Stock in Adobe
To summarize, here are the 6 steps to buy stock in Adobe:
- Choose where to buy Adobe stock
- Create a brokerage account
- Deposit funds into your investment account
- Analyze Adobe stock
- Execute your ADBE buy order
- Monitor your investment in ADBE
If you require a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to track your investment in Adobe, create a watchlist today.
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