NASDAQ · STOCK
Adobe Inc.
$250.36
52W $190.12 – $370.86
53/100
$99.54B
14.3
1.43
Is ADBE Bullish or Bearish?
Mixed.
Innellis AI committee rates Adobe Inc. (ADBE) Watch with a composite score of 53/100
, based on 7 analysts with 57% agreement.
Last updated July 31, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +7.24 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 — -12.76 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. News 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
- P/E of 13.6 is inexpensive for the broad market — Value
- ROE of 62.4% shows genuine earnings power backing the valuation — Value
- MACD histogram positive -- bullish momentum — Technical
- Market regime is bullish (Bull market -- normal position sizing) — Macro
- Beta of 1.40 means this name should amplify a favorable market regime — Macro
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 22.1% 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 July 31, 2026
Overall Committee Score
53/100
Agreement
57%
Analysts
7
Conviction
Contested
Sector Rank
Top 64%
of 172 Technology peers
Value Analyst
bullish
62
/ 100 · Moderate confidence
Classic value case: cheap on multiples with earnings power to back it up
+ P/E of 13.6 is inexpensive for the broad market
− 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
neutral
58
/ 100 · High confidence
Mixed or range-bound price action
+ 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
neutral
58
/ 100 · Moderate confidence
Macro backdrop is mixed or neutral -- not a strong tailwind or headwind either way
+ Market regime is bullish (Bull market -- normal position sizing)
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 2744.14)
Investment Thesis Evolution
Committee score moved marginally from 51.8 to 52.8.
- New bearish signals: 2 appeared.
- Bullish support removed: 1 signal(s) disappeared.
- New bullish signals: 3 appeared.
- Bearish pressure eased: 4 signal(s) disappeared.
- Analyst(s) changed stance: Macro Analyst, News Analyst.
Analyst-level changes:
- Macro Analyst: stance bullish->neutral; score 65->58 (-8); +2 bullish signal(s).
- News Analyst: stance neutral->bullish; score 58->62 (+4).
- Portfolio Manager: +2 bearish signal(s).
- Technical Analyst: score 48->58 (+10).
- Value Analyst: +1 bullish signal(s).
Comparing 2026-07-30 to 2026-07-31 (1 day apart).
Technical Analysis
RSI (14)
61.8
Neutral
MACD Histogram
3.405
Bullish Momentum
Trend Direction
Sideways
Weekly: Downtrend
Market Structure
Mixed
Support
$224.15
Resistance
$275.37
Bollinger %B
0.86
Inside Bands
Price vs Moving Averages
EMA 9
$241.71
Above
EMA 21
$232.99
Above
EMA 50
$231.55
Above
EMA 200
$273.27
Below
Fundamental Analysis
Valuation
63
Growth
56
Profitability
2
Financial Health
47
Cash Flow
37
Valuation
P/E Ratio
14.3×
P/B Ratio
8.74×
PEG Ratio
1.24
Dividend Yield
0.00%
52W High
$370.86
52W Low
$190.12
Quality & Growth
ROE
61.3%
ROA
24.2%
Gross Margin
89.1%
Operating Margin
36.1%
Revenue Growth YoY
—
Debt / Equity
0.61
AI Fundamental Assessment
P/E ratio of 14.3 (inexpensive relative to a 15-40x range); Price-to-book of 8.7x; PEG ratio of 1.2 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 0.6%; Return on assets of 0.2%; Net margin of 0.3%; Gross margin of 0.9%; Current ratio of 0.75 (tight short-term liquidity); Debt-to-equity of 0.61; Free cash flow margin of 1.0% (thin cash generation); 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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