Adobe (NASDAQ:ADBE) Downgraded by Wall Street Zen to Hold

Wall Street Zen cut shares of Adobe (NASDAQ:ADBE) from a buy rating to a hold rating in a research report released on Sunday morning.

Several other equities research analysts also recently commented on ADBE. DA Davidson reiterated a “buy” rating and set a $500.00 target price on shares of Adobe in a report on Thursday. Redburn Partners set a $280.00 price objective on shares of Adobe in a research report on Monday, September 1st. BMO Capital Markets reiterated an “outperform” rating and set a $405.00 price objective on shares of Adobe in a research note on Wednesday, October 29th. Barclays reissued an “overweight” rating and set a $415.00 target price on shares of Adobe in a research report on Friday, December 5th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $430.00 price target on shares of Adobe in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Adobe presently has an average rating of “Hold” and an average target price of $417.33.

Adobe Stock Performance

NASDAQ:ADBE opened at $356.43 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $149.20 billion, a price-to-earnings ratio of 21.33, a PEG ratio of 1.41 and a beta of 1.54. The firm’s fifty day simple moving average is $336.07 and its 200 day simple moving average is $357.10. Adobe has a twelve month low of $311.58 and a twelve month high of $474.91.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.40 by $0.10. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The firm had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.11 billion. During the same period in the prior year, the firm earned $4.81 EPS. The firm’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. As a group, equities research analysts expect that Adobe will post 16.65 earnings per share for the current fiscal year.

Insider Transactions at Adobe

In other Adobe news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $337.88, for a total transaction 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 $1,157,576.88. This trade represents a 4.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Adobe

Large investors have recently modified their holdings of the stock. Painted Porch Advisors LLC increased its holdings in Adobe by 22.8% in the third quarter. Painted Porch Advisors LLC now owns 2,873 shares of the software company’s stock valued at $1,013,000 after buying an additional 534 shares during the last quarter. Saranac Partners Ltd bought a new position in Adobe during the 3rd quarter worth approximately $4,242,000. IFP Advisors Inc grew its position in shares of Adobe by 113.9% in the 3rd quarter. IFP Advisors Inc now owns 8,587 shares of the software company’s stock worth $3,030,000 after acquiring an additional 4,573 shares in the last quarter. Swiss Life Asset Management Ltd grew its position in shares of Adobe by 13.7% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 156,263 shares of the software company’s stock worth $55,122,000 after acquiring an additional 18,858 shares in the last quarter. Finally, Investment Research Partners LLC bought a new stake in shares of Adobe in the 3rd quarter valued at approximately $929,000. Institutional investors own 81.79% of the company’s stock.

Adobe Company Profile

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.