ADBE · NASDAQ · STOCK
Adobe (ADBE) Stock Analysis
$275.29
52W $190.12 – $370.86
55/100
$109.43B
15.7
1.40
Is ADBE Bullish or Bearish?
Mixed.
Innellis AI committee rates Adobe Inc. (ADBE) Watch with a composite score of 55/100
, based on 6 analysts with 50% agreement.
Last updated August 23, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +5.32 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -14.68 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Macro Analyst sees a compelling case. Risk Analyst remains cautious — current ratio of 1.00 is tight -- limited short-term liquidity cushion. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- ROE of 62.4% shows genuine earnings power backing the valuation — Value
- MACD histogram positive -- bullish momentum — Technical
- Weekly trend (sideways) confirms the daily trend -- multi-timeframe agreement — Technical
Bear Case
- Price-to-book of 11.5x prices in significant intangible value — Value
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- Current ratio of 1.00 is tight -- limited short-term liquidity cushion — Risk
- Bollinger bandwidth of 15.2% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of August 23, 2026
Overall Committee Score
55/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 73%
of 287 Technology peers
Value Analyst
neutral
55
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
+ ROE of 62.4% shows genuine earnings power backing the valuation
− Price-to-book of 11.5x prices in significant intangible value
Growth Analyst
neutral
50
/ 100 · Moderate confidence
Moderate growth -- present but not remarkable
− Growth rate is decelerating quarter over quarter -- the trend line matters more than the level
Technical Analyst
bullish
61
/ 100 · High confidence
Price action is constructive -- trend and momentum agree
+ MACD histogram positive -- bullish momentum
Risk Analyst
bearish
35
/ 100 · Moderate confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− Current ratio of 1.00 is tight -- limited short-term liquidity cushion
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
bullish
62
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 3069.37)
Investment Thesis Evolution
Committee score moved marginally from 54.7 to 54.7.
Comparing 2026-08-22 to 2026-08-23 (1 day apart).
Technical Analysis
RSI (14)
64.6
Neutral
MACD Histogram
0.302
Bullish Momentum
Trend Direction
Sideways
Weekly: Sideways
Market Structure
Hh Hl
Support
$274.79
Resistance
$275.37
Bollinger %B
0.87
Inside Bands
Price vs Moving Averages
EMA 9
$267.04
Above
EMA 21
$257.98
Above
EMA 50
$246.56
Above
EMA 200
$272.01
Above
Fundamental Analysis
Valuation
60
Growth
56
Profitability
100
Financial Health
47
Cash Flow
70
Valuation
P/E Ratio
15.7×
P/B Ratio
9.61×
PEG Ratio
1.36
Dividend Yield
0.00%
52W High
$370.86
52W Low
$190.12
Quality & Growth
ROE
6134.4%
ROA
2417.3%
Gross Margin
8911.8%
Operating Margin
3607.4%
Revenue Growth YoY
—
Debt / Equity
0.61
AI Fundamental Assessment
P/E ratio of 15.7 (inexpensive relative to a 15-40x range); Price-to-book of 9.6x; PEG ratio of 1.4 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 61.3%; Return on assets of 24.2%; Net margin of 28.7%; Gross margin of 89.1%; Current ratio of 0.75 (tight short-term liquidity); Debt-to-equity of 0.61; Free cash flow per share is positive (26.44); Most recent quarter beat estimates by 0.4%; 2 consecutive earnings beats; EPS growth decelerating (+10.2% -> -1.7% QoQ); Analyst estimates rising over recent quarters
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