Adobe Inc. (NASDAQ:ADBE) Receives Average Recommendation of “Hold” from Brokerages

Shares of Adobe Inc. (NASDAQ:ADBE) have been given a consensus rating of “Hold” by the twenty-nine research firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation, fourteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $425.8519.

Several research firms have recently issued reports on ADBE. Royal Bank Of Canada decreased their price objective on shares of Adobe from $480.00 to $430.00 and set an “outperform” rating for the company in a report on Monday, September 8th. Oppenheimer cut their target price on Adobe from $500.00 to $460.00 and set an “outperform” rating for the company in a research report on Tuesday, September 9th. Melius lowered Adobe from a “hold” rating to a “sell” rating and set a $310.00 price target for the company. in a research note on Monday, August 11th. Morgan Stanley downgraded Adobe from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $520.00 to $450.00 in a research note on Wednesday, September 24th. Finally, Evercore ISI cut their price objective on Adobe from $475.00 to $450.00 and set an “outperform” rating for the company in a report on Friday, September 12th.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 149 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the sale, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. This represents a 4.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.16% of the company’s stock.

Institutional Trading of Adobe

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. 1248 Management LLC bought a new position in shares of Adobe in the first quarter valued at $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Adobe in the 3rd quarter worth $26,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Adobe during the third quarter worth $27,000. LSV Asset Management raised its position in shares of Adobe by 350.0% during the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after purchasing an additional 56 shares during the period. Finally, Caitlin John LLC purchased a new stake in shares of Adobe during the third quarter valued at $28,000. 81.79% of the stock is currently owned by institutional investors.

Adobe Price Performance

Shares of NASDAQ ADBE opened at $346.26 on Friday. The stock has a market cap of $144.94 billion, a P/E ratio of 21.57, a P/E/G ratio of 1.27 and a beta of 1.54. The firm’s 50-day simple moving average is $336.48 and its 200 day simple moving average is $359.74. Adobe has a fifty-two week low of $311.58 and a fifty-two week high of $557.90. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last announced its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.18 by $0.13. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The firm had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.91 billion. During the same quarter in the prior year, the firm posted $4.65 EPS. Adobe’s revenue was up 10.7% compared to the same quarter last year. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS and its Q4 2025 guidance at 5.350-5.400 EPS. Equities analysts expect that Adobe will post 16.65 EPS for the current year.

About Adobe

Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.