Adobe Inc. (NASDAQ:ADBE) Receives Consensus Rating of “Hold” from Analysts

Shares of Adobe Inc. (NASDAQ:ADBE) have earned a consensus recommendation of “Hold” from the twenty-nine analysts that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation, fourteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $425.8519.

ADBE has been the topic of a number of research reports. Royal Bank Of Canada cut their price objective on Adobe from $480.00 to $430.00 and set an “outperform” rating on the stock in a report on Monday, September 8th. Barclays restated an “overweight” rating and issued a $415.00 price target on shares of Adobe in a report on Friday. JMP Securities reaffirmed a “market perform” rating on shares of Adobe in a research report on Friday, September 12th. Citigroup decreased their price objective on shares of Adobe from $400.00 to $366.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Wall Street Zen downgraded shares of Adobe from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th.

Adobe Stock Up 0.6%

Shares of ADBE opened at $328.73 on Friday. Adobe has a fifty-two week low of $311.58 and a fifty-two week high of $557.90. The company’s fifty day moving average is $336.77 and its two-hundred day moving average is $360.66. The firm has a market cap of $137.61 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 1.20 and a beta of 1.54. 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 issued its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, topping the consensus estimate of $5.18 by $0.13. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The business had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same period last year, the company posted $4.65 EPS. The business’s quarterly revenue was up 10.7% on a year-over-year basis. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS and its Q4 2025 guidance at 5.350-5.400 EPS. Analysts forecast that Adobe will post 16.65 earnings per share for the current year.

Insider Activity at Adobe

In other Adobe news, CAO Jillian Forusz sold 149 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $337.88, for a total transaction of $50,344.12. Following the transaction, the chief accounting officer owned 3,426 shares in the company, valued at $1,157,576.88. The trade was a 4.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Adobe

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. 1248 Management LLC purchased a new stake in shares of Adobe during the first quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC acquired a new stake in Adobe during the 3rd quarter valued at $26,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Adobe during the 3rd quarter worth $27,000. LSV Asset Management lifted its holdings in Adobe by 350.0% in the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after buying an additional 56 shares in the last quarter. Finally, Caitlin John LLC acquired a new position in Adobe in the 3rd quarter worth $28,000. 81.79% of the stock is owned by institutional investors and hedge funds.

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.