Adobe (NASDAQ:ADBE) Upgraded at Piper Sandler

Piper Sandler upgraded shares of Adobe (NASDAQ:ADBE) to a hold rating in a research report sent to investors on Monday,Zacks.com reports.

A number of other brokerages have also recently issued reports on ADBE. Jefferies Financial Group cut shares of Adobe from a “buy” rating to a “hold” rating and cut their price objective for the company from $500.00 to $400.00 in a research note on Monday, January 5th. Weiss Ratings lowered shares of Adobe from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. Citigroup lifted their price objective on Adobe from $366.00 to $387.00 and gave the stock a “neutral” rating in a report on Wednesday, December 17th. Wolfe Research reduced their price target on Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a research report on Thursday, December 11th. Finally, The Goldman Sachs Group initiated coverage on Adobe in a research report on Monday, January 12th. They issued a “sell” rating and a $290.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $391.81.

Adobe Price Performance

ADBE opened at $279.71 on Monday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $114.82 billion, a P/E ratio of 16.74, a PEG ratio of 1.07 and a beta of 1.51. The stock has a 50-day moving average price of $326.53 and a 200-day moving average price of $340.06. Adobe has a 12-month low of $264.04 and a 12-month high of $465.70.

Adobe (NASDAQ:ADBE) last released its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, topping analysts’ consensus estimates of $5.40 by $0.10. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The company had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.11 billion. During the same quarter in the previous year, the company posted $4.81 EPS. Adobe’s quarterly revenue was up 10.5% compared to the same quarter last year. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Equities analysts predict that Adobe will post 16.65 earnings per share for the current fiscal year.

Insider Transactions at Adobe

In other Adobe news, CFO Daniel Durn sold 1,646 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total value of $485,323.10. Following the completion of the sale, the chief financial officer directly owned 41,995 shares in the company, valued at $12,382,225.75. This trade represents a 3.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.16% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ADBE. Norges Bank bought a new stake in shares of Adobe during the 2nd quarter valued at $2,029,950,000. Arrowstreet Capital Limited Partnership grew its holdings in Adobe by 53.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company’s stock worth $1,981,448,000 after purchasing an additional 1,952,994 shares during the period. Dodge & Cox lifted its holdings in shares of Adobe by 8,006.6% during the third quarter. Dodge & Cox now owns 1,593,506 shares of the software company’s stock valued at $562,109,000 after purchasing an additional 1,573,849 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Adobe by 55.2% in the 3rd quarter. AQR Capital Management LLC now owns 2,587,399 shares of the software company’s stock worth $912,705,000 after buying an additional 920,353 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in Adobe by 68.9% during the second quarter. Franklin Resources Inc. now owns 1,939,018 shares of the software company’s stock valued at $750,168,000 after buying an additional 791,077 shares during the last quarter. Institutional investors own 81.79% of the company’s stock.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Semrush shareholders approved the merger with Adobe, clearing a regulatory/transaction step that supports Adobe’s marketing and search-intelligence strategy. Semrush Shareholders Approve Merger Agreement with Adobe
• Positive Sentiment: Adobe expanded its AI partnership with Cognizant, which could help commercial adoption of Adobe’s AI features and enterprise sales efforts. Adobe Expanded Cognizant AI Partnership
• Positive Sentiment: Company reversed its plan to discontinue Adobe Animate after large community backlash — this mitigates reputational damage and preserves goodwill with creatives. Adobe actually won’t discontinue Animate
• Neutral Sentiment: Piper Sandler moved Adobe to a “hold” rating — a modest change that signals caution from an analyst but is not a sell call. Zacks.com Piper Sandler Upgrade
• Negative Sentiment: Multiple firms (UBS, Baird, BMO) lowered price targets or cut ratings recently, reflecting concerns about growth, AI competition, and execution; that analyst pressure weighs on sentiment. UBS, Baird Lower PT on Adobe
• Negative Sentiment: Adobe sharply increased ad spending (reported ~$1.4B) as it defends against AI competition — higher marketing spend can pressure near-term margins and is cited by investors as a growth/ROI risk. Adobe Ad Spending
• Negative Sentiment: Earlier announcement to retire Animate and initial negative press created material user backlash and contributed to a multi-day share decline; even though reversed, the episode highlights execution/communication risk. Adobe Ends Animate — CartoonBrew
• Negative Sentiment: Broader software-sector sell-off and coverage pieces calling Adobe a “falling knife” (52-week-low commentary) are amplifying short-term selling pressure despite the company’s recent beat and FY26 guidance. Forbes: Is Adobe a Falling Knife?

About Adobe

Adobe Inc, founded in 1982 by John Warnock and Charles Geschke and headquartered in San Jose, California, is a global software company that develops tools and services for creative professionals, marketers and enterprises. Under the leadership of CEO Shantanu Narayen, who has led the company since 2007, Adobe has evolved from a provider of desktop publishing tools into a cloud-centric provider of digital media and digital experience solutions.

The company’s core offerings are organized around digital media and digital experience.