Brokerages Set Adobe Inc. (NASDAQ:ADBE) PT at $417.93

Adobe Inc. (NASDAQ:ADBE) has earned a consensus rating of “Hold” from the twenty-nine ratings firms that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $417.9259.

Several analysts have recently weighed in on the company. JMP Securities reissued a “market perform” rating on shares of Adobe in a report on Friday, September 12th. Wells Fargo & Company reduced their target price on Adobe from $470.00 to $420.00 and set an “overweight” rating for the company in a research report on Thursday, November 20th. Cowen reissued a “hold” rating on shares of Adobe in a report on Monday, December 8th. TD Cowen dropped their price objective on shares of Adobe from $420.00 to $400.00 and set a “hold” rating for the company in a research note on Thursday, December 11th. Finally, Oppenheimer decreased their target price on shares of Adobe from $460.00 to $430.00 and set an “outperform” rating on the stock in a research report on Thursday, December 11th.

Key Stores Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Bull case highlights durable AI opportunity — A Seeking Alpha piece argues Adobe is “mispriced” and is successfully monetizing AI across creative and enterprise workflows, projecting substantially higher fair value if the market re-rates ADBE for AI-driven growth. Article Title
• Neutral Sentiment: Longer-term earnings outlook raised — Zacks Research published an FY2028 EPS projection for Adobe of $24.05, which suggests upside further out even as near-term quarterly estimates were adjusted. (Zacks report entry)
• Neutral Sentiment: Featured on investor roundups — A market video (YouTube) that lists Adobe among stocks to watch may drive incremental retail attention but is unlikely to move fundamentals by itself. Article Title
• Neutral Sentiment: Policy mention that could modestly increase content demand — A proposed federal bill (HUSTLE Act) includes Adobe among companies that could benefit from more NIL-driven content creation, but effects would be gradual and indirect. Article Title
• Negative Sentiment: Near-term EPS cut from Zacks — Zacks Research trimmed its Q4 2026 EPS estimate for Adobe from $5.05 to $4.90, signaling analysts see weaker near-term profitability versus prior expectations; that cut is a direct headwind to the stock. (Zacks report entry)
• Negative Sentiment: Soft market/broad risk-off tone — Zacks coverage of U.S. macro headlines shows futures trading lower and initial jobless claims data influencing market sentiment, which can depress high‑beta software names like ADBE in the near term. Article Title

Adobe Price Performance

Shares of Adobe stock opened at $349.99 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02. The company has a market cap of $146.51 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 1.39 and a beta of 1.54. The firm has a fifty day moving average price of $338.77 and a two-hundred day moving average price of $352.15. Adobe has a fifty-two week low of $311.58 and a fifty-two week high of $465.70.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The business had revenue of $6.19 billion during the quarter, compared to analyst estimates of $6.11 billion. During the same quarter in the prior year, the business earned $4.81 earnings per share. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Analysts expect that Adobe will post 16.65 EPS for the current year.

Insider Buying and Selling at Adobe

In other news, CAO Jillian Forusz sold 149 shares of the stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the transaction, 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 filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Institutional Trading of Adobe

A number of large investors have recently bought and sold shares of the stock. Brighton Jones LLC lifted its holdings in Adobe by 2.1% during the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock valued at $3,588,000 after purchasing an additional 167 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Adobe in the first quarter valued at approximately $59,000. Redwood Investment Management LLC acquired a new position in shares of Adobe in the 1st quarter worth approximately $203,000. Ieq Capital LLC boosted its holdings in shares of Adobe by 38.2% in the 1st quarter. Ieq Capital LLC now owns 90,391 shares of the software company’s stock worth $34,668,000 after acquiring an additional 24,983 shares in the last quarter. Finally, Silvant Capital Management LLC grew its position in Adobe by 2.1% during the 1st quarter. Silvant Capital Management LLC now owns 7,141 shares of the software company’s stock worth $2,739,000 after acquiring an additional 149 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors.

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.