Projected Target Price for QQEW Analyst: $156
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 22 2025
0mins
Should l Buy ADBE?
Source: NASDAQ.COM
ETF Target Price Analysis: The First Trust NASDAQ-100 Equal Weighted Index Fund ETF (QQEW) has an implied analyst target price of $155.80, indicating an 11.20% upside from its recent trading price of $140.10.
Notable Holdings with Upside Potential: Key underlying holdings such as DexCom Inc (DXCM), Adobe Inc (ADBE), and GlobalFoundries Inc (GFS) show significant upside potential, with target prices suggesting increases of 51.97%, 28.90%, and 23.94% respectively from their current prices.
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Analyst Views on ADBE
Wall Street analysts forecast ADBE stock price to rise
26 Analyst Rating
13 Buy
11 Hold
2 Sell
Moderate Buy
Current: 275.130
Low
270.00
Averages
431.08
High
660.00
Current: 275.130
Low
270.00
Averages
431.08
High
660.00
About ADBE
Adobe Inc. is a global technology company. The Company's products, services and solutions are used around the world to imagine, create, manage, deliver, measure, optimize and engage with content across surfaces and fuel digital experiences. Its segments include Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment is centered around Adobe Creative Cloud and Adobe Document Cloud, which include Adobe Express, Adobe Firefly, Photoshop and other products, offering a variety of tools for creative professionals, communicators and other consumers. The Digital Experience segment provides an integrated platform and set of products, services and solutions through Adobe Experience Cloud. The Publishing and Advertising segment contains legacy products and services. In addition, its Adobe GenStudio solution allows businesses to simplify their content supply chain process with generative artificial intelligence (AI) capabilities and intelligent automation.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Earnings Expectations: Analysts anticipate Adobe's Q1 revenue to reach $6.28 billion, up from $5.71 billion year-over-year, and achieving this would set a new quarterly record, demonstrating the company's resilience amid AI competition.
- Profitability Analysis: Expected earnings per share are $5.46, an increase from $5.08 a year earlier, with Adobe having surpassed analyst estimates for earnings in 16 consecutive quarters, indicating sustained profitability.
- Market Competition Pressure: Despite Adobe's growing significance in the AI landscape, concerns about its future growth persist, particularly after missing the opportunity to acquire Figma, leading investors to cautiously evaluate the adoption of Firefly and AI-driven revenue growth.
- Stock Price Dynamics: Adobe's stock fell 1.7% to $270.52 on Wednesday, down 18.9% year-to-date, reflecting market apprehension regarding its future performance, making the upcoming earnings report critical for assessing stock trajectory.
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- Adobe Stock Decline: Adobe's shares have fallen 38% over the past year due to concerns about AI competition, currently trading at a forward P/E of 12, reflecting market pessimism despite strong product demand, with remaining performance obligations increasing 13% year-over-year to $22 billion, indicating positive enterprise customer response to its AI solutions.
- ServiceNow Growth Outlook: Although ServiceNow's stock is down 50% from its peak, management expects around 20% year-over-year revenue growth for the current fiscal year, with subscription revenue growing 21% in the recent quarter and renewal rates at 98%, suggesting strong market demand and potential overreaction in stock sell-off.
- Netflix Market Opportunity: Netflix's stock is currently 26% off its recent highs, yet its revenue grew 17% year-over-year in Q4, with free cash flow reaching $9.4 billion, indicating significant growth potential in capturing less than 50% of the estimated 800 million connected households worldwide, with expected annualized earnings growth of 22% over the next several years.
- Investment Opportunity Analysis: While Adobe was not included in The Motley Fool Stock Advisor's top picks, investors may still consider purchasing shares of Adobe, ServiceNow, and Netflix at discounted prices in the current market environment to capitalize on potential long-term growth opportunities.
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- Futures Decline: U.S. stock futures fell on Thursday, reflecting market reactions to Wednesday's mixed close, with the Dow Jones down 0.52%, indicating investor concerns about future economic prospects.
- Strategic Oil Release: The U.S. Energy Secretary announced the release of 172 million barrels from the Strategic Petroleum Reserve starting next week to mitigate energy price spikes due to Middle Eastern conflicts, which is expected to alleviate short-term oil price pressures.
- Market Expectation Shift: The CME Group's FedWatch tool indicates a 99.3% likelihood of the Federal Reserve keeping interest rates unchanged in March, reflecting investor concerns about economic slowdown that may influence future investment decisions.
- Divergent Corporate Performance: Bumble Inc. surged 22.89% in premarket trading after issuing a strong first-quarter revenue outlook, while Morgan Stanley fell 1.80% due to redemption restrictions, highlighting the market's varied responses to different companies.
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- Adobe's Performance Growth: Despite a 38% drop in stock price due to AI competition fears, Adobe reported over $22 billion in remaining performance obligations, up 13% year-over-year, indicating strong demand for its AI solutions and maintaining its competitive edge in the market.
- ServiceNow's Stable Subscription Revenue: Although the stock is down 50% from its peak, ServiceNow expects around 20% revenue growth this fiscal year, with a 21% year-over-year increase in subscription revenue last quarter and a consistent 98% renewal rate, demonstrating its sustained value in AI workflows.
- Netflix's Acquisition Withdrawal: Netflix's stock is 26% off recent highs, but management's decision to walk away from the Warner Bros acquisition reflects a disciplined growth strategy, with a 17% year-over-year revenue increase in Q4 and free cash flow reaching $9.4 billion, indicating strong financial health.
- Significant Market Opportunities: With Netflix capturing less than 50% of the estimated 800 million connected households globally, its forward P/E of 31 may seem high, yet considering its 325 million customers and projected 22% annual earnings growth, it remains an attractive investment opportunity.
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- Market Dynamics: U.S. stock futures are trading lower this morning, reflecting investor caution regarding upcoming economic data and corporate earnings, which may influence market sentiment and trading strategies.
- Investor Focus: Despite the overall market decline, certain stocks may still attract investor attention, particularly those set to release earnings or with significant news, potentially leading to short-term trading volatility.
- Economic Data Impact: Market participants will closely monitor upcoming economic indicators, as these figures could influence the Federal Reserve's monetary policy, thereby having a profound effect on the stock market.
- Trading Strategy Adjustments: Against the backdrop of a sluggish futures market, investors may reassess their portfolios, seeking potential buying opportunities or risk management strategies to navigate market uncertainties.
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- Palantir Stock Performance: Palantir's shares have surged 94% over the past year, although they are down 27% from the November 3 high, indicating sustained market confidence in its long-term growth potential despite recent volatility.
- CEO Interview Impact: CEO Alex Karp's upcoming interview on CNBC marks his first since the onset of the Iran war, which is expected to significantly influence investor sentiment and market reactions in the current geopolitical climate.
- Dick's Sporting Goods Earnings: Dick's Sporting Goods will report earnings before the bell, with a 9.8% decline in stock price over the past three months, highlighting challenges in the retail sector amid sluggish consumer spending.
- Adobe Market Performance: Adobe's stock has fallen 22% in the last three months and is down 38% since last March, reflecting market concerns over the potential impact of artificial intelligence on its business operations.
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