EverHint Lens - Adobe Inc. (ADBE) - Stock Analysis on Adobe CEO Shantanu Narayen is OUT- March 12, 2026

Analysis Date: 2026-03-12
Sector: Technology
Industry: Software - Infrastructure
Exchange: NASDAQ

Executive Summary

Adobe Inc. is currently trading at $269.78 (🔴 -1.43% today) with a market capitalization of $110.74B.

Adobe Inc. operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising.

Price & Valuation

Close Price: $269.78
Volume: 7.7M
Day Range: $269.20 - $276.28
52-Week Range: $244.28 - $422.95
P/E Ratio: 15.78

After-Hours Trading:

• Bid: $252.40
• Ask: $253.08
• Volume: 9,378,840
• Last Update: 4:28 PM ET

DCF Valuation: Undervalued

• Intrinsic Value (Unlevered DCF): $343.78
• Current Price: $269.78
• Discount/Premium: +27.4%

Levered DCF: $444.58 (+64.8%)

DCF analysis suggests the stock may be trading at a 27.4% discount to its intrinsic value.

DCF values calculated as of 2026-03-12. Underlying assumptions are not disclosed by the data provider. Levered vs unlevered can diverge materially for highly levered companies.

Market Context

Technology Sector: -1.17774% | Sector P/E: 43.43

Major Indices:

• S&P 500: $6671.81 (🔴 -1.53%)
• NASDAQ Composite: $22311.98 (🔴 -1.78%)
• Dow Jones Industrial Average: $46677.86 (🔴 -1.56%)

Peer Comparison

Peer comparison (11 companies):

• ADBE - Adobe Inc. ($269.78, -1.4%, $110.74B) ← Current
• KLAC - KLA Corporation ($1,409.57, -3.8%, $185.21B)
• TXN - Texas Instruments Incorporated ($190.05, -4.3%, $172.48B)
• ADI - Analog Devices, Inc. ($307.27, -3.7%, $150.01B)
• SONY - Sony Group Corporation ($21.46, -0.1%, $128.07B)
• ACN - Accenture plc ($196.05, -2.7%, $121.58B)
• PANW - Palo Alto Networks, Inc. ($168.13, +1.9%, $114.58B)
• CRWD - CrowdStrike Holdings, Inc. ($441.54, -0.1%, $111.31B)
• DELL - Dell Technologies Inc. ($149.91, +1.7%, $100.47B)
• SNPS - Synopsys, Inc. ($418.72, -3.3%, $80.21B)
• FTNT - Fortinet, Inc. ($84.40, +1.1%, $62.76B)

Financial Performance

Latest Quarter (2026-02-27):

• Revenue: $6.40B
• Net Income: $1.89B
• EPS: $4.60
• Revenue Growth (QoQ): +3.3%

Dividend Analysis

Dividend Status: ⚠️ Formerly dividend-paying (discontinued)

Last Dividend:

• Amount: $0.01 per share
• Ex-Dividend Date: 2005-03-24 (21.0 years ago)
• Payment Date: 2005-04-12

Note: This company has not paid dividends in over 21 years. The dividend program appears to have been discontinued.

Payment History: 63 historical dividend payments tracked

Stock Split History

ADBE has executed 6 stock split(s) historically

• 2005-05-24: 2-for-1 split
• 2000-10-25: 2-for-1 split
• 1999-10-27: 2-for-1 split
• 1993-08-11: 2-for-1 split
• 1988-11-23: 2-for-1 split
• 1987-03-12: 2-for-1 split

Cumulative Split Factor: 64x (1 share in 1987 = 64 shares today)

Most recent split: 2-for-1 on 2005-05-24

Earnings Calendar

No upcoming earnings dates currently scheduled

Most Recent Report: 2026-03-12

Historical Data: 161 earnings events tracked

Analyst Outlook

Analyst Price Target Consensus:

• Target: $378.56 (+40.3% upside)
• Range: $290.00 - $500.00
• Median: $382.50

Next Quarter Estimates (2028-11-28):

• Revenue: $8.02B
• EPS: $7.60

Analyst Consensus

Overall Rating: Buy

Rating Distribution (1105 total ratings):

• 🟢 Buy/Outperform: 790 (71.5%)
• ⚪ Hold/Neutral: 240 (21.7%)
• 🔴 Sell/Underperform: 13 (1.2%)

Recent Analyst Actions:

• TD Cowen (2026-03-10): Maintained Hold
• RBC Capital (2026-03-09): Maintained Outperform
• Wells Fargo (2026-03-09): Maintained Overweight
• Citigroup (2026-03-06): Maintained Neutral
• Barclays (2026-03-04): Maintained Overweight

Consensus based on 1105 analyst ratings from major financial institutions

Trading Signals

Our technical analysis identified 1 trading signal(s) in the last 60 days:

• 2026-01-21: Sma20 Sma50 - SMA20_x_SMA50_Sell @ $294.23

Insider Activity

Recent Transactions (Last 10):

• Buys: 5
• Sells: 5

Notable Transactions:

• 2026-01-24: Chen Gloria - Buy (Option Exercise, 10,238 shares)
• 2026-01-24: Chen Gloria - Sell (Tax Withholding, 4,933 shares @ $301.07)
• 2026-01-24: Chen Gloria - Buy (Option Exercise, 425 shares)

Congressional Trading Activity

Tracking recent stock transactions by U.S. Congress members

House of Representatives: 228 transactions tracked

Recent Activity:

• 🔴 Julia Letlow (): Sale on 2025-10-16 @ $329.23, Amount: $1,001 - $15,000
• 🟢 Julia Letlow (): Purchase on 2025-01-24, Amount: $1,001 - $15,000
• 🔴 Julie Johnson (TX32): Sale on 2025-11-03 @ $337.47, Amount: $1,001 - $15,000
• 🟢 Marjorie Taylor Greene (GA14): Purchase on 2025-10-15 @ $330.63, Amount: $1,001 - $15,000
• 🔴 Ro Khanna (CA17): Sale on 2025-09-29 @ $359.42, Amount: $1,001 - $15,000

Notable: 2 large transactions ($250K+) in recent activity

U.S. Senate: 39 transactions tracked

Recent Activity:

• 🔴 John Boozman: Sale (Joint) on 2026-02-13 @ $263.97, Amount: $1,001 - $15,000
• 🟢 Markwayne Mullin: Purchase (Joint) on 2026-02-04 @ $279.71, Amount: $15,001 - $50,000
• 🟢 Markwayne Mullin: Purchase on 2026-01-05 @ $331.56, Amount: $15,001 - $50,000
• 🟢 Markwayne Mullin: Purchase on 2026-01-05 @ $331.56, Amount: $15,001 - $50,000
• 🟢 Markwayne Mullin: Purchase (Spouse) on 2026-01-05 @ $331.56, Amount: $15,001 - $50,000

Congressional trading data sourced from official disclosure filings

News Sentiment Analysis

AI Analysis (based on 30 recent articles):

Adobe's news sentiment is mixed, with positive highlights on record Q1 earnings and partnerships overshadowed by CEO Shantanu Narayen's planned transition and significant stock declines amid AI competition fears. Pre-earnings previews express concerns over AI disruption but note potential for beats and rebounds. Institutional buying provides some optimism.

Key Themes:

• CEO Transition
• Record Earnings
• AI Competition Concerns

Sentiment: Neutral (88% confidence)

Reddit Sentiment

Community Discussion (last 30 days from r/wallstreetbets, r/stocks, r/investing):

Overall Sentiment: Moderately Bullish � (Score: 0.327)

Post Analysis:

• Total posts: 40
• Bullish: 25 (62.5%)
• Bearish: 13 (32.5%)
• Neutral: 2 (5.0%)
• Total engagement: 5,134 (upvotes + comments)

Note: Sentiment score ranges from -1.0 (very bearish) to +1.0 (very bullish), weighted by post engagement.

Recent News

5 most recent articles covering ADBE:

• Adobe CEO Shantanu Narayen says he will step down as CEO after successor has been named (cnbc.com, 2026-03-12) — Read more
• Shantanu Narayen Announces Decision to Transition as Adobe's CEO Once Successor is Named (businesswire.com, 2026-03-12) — Read more
• Adobe Delivers Record Q1 Results (businesswire.com, 2026-03-12) — Read more
• Weekly Jobless Claims Improve Marginally (zacks.com, 2026-03-12) — Read more
• Adobe stock down 18% YTD before Q1 earnings: can AI spark rebound? (invezz.com, 2026-03-12) — Read more

Full news analysis based on 30 recent articles

Generated by Everhint Lens - Quantitative Stock Analysis
Last updated: 2026-03-12 01:29:39 PM PDT

Disclaimer: This is not investment advice. Always do your own research before making investment decisions.