Mizuho Issues Pessimistic Forecast for Adobe (NASDAQ:ADBE) Stock Price

Adobe (NASDAQ:ADBE) had its price target lowered by equities researchers at Mizuho from $340.00 to $315.00 in a research report issued on Friday, MarketBeat reports. The brokerage presently has an “outperform” rating on the software company’s stock. Mizuho’s price objective points to a potential upside of 23.87% from the company’s current price.

Several other equities analysts also recently weighed in on ADBE. Jefferies Financial Group dropped their price objective on Adobe from $400.00 to $290.00 and set a “hold” rating for the company in a research note on Monday, February 23rd. HSBC set a $302.00 target price on Adobe in a research report on Friday, February 13th. Royal Bank Of Canada reissued an “outperform” rating and issued a $430.00 target price on shares of Adobe in a report on Monday. Barclays restated an “equal weight” rating and issued a $275.00 price target (down from $335.00) on shares of Adobe in a research report on Friday. Finally, The Goldman Sachs Group began coverage on shares of Adobe in a research report on Monday, January 12th. They issued a “sell” rating and a $290.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Adobe presently has a consensus rating of “Hold” and an average price target of $346.96.

Adobe Price Performance

Shares of NASDAQ:ADBE traded down $15.48 on Friday, reaching $254.30. 7,388,223 shares of the company were exchanged, compared to its average volume of 5,622,554. The company has a 50-day moving average of $285.56 and a 200-day moving average of $324.01. 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 firm has a market cap of $104.39 billion, a price-to-earnings ratio of 15.16, a price-to-earnings-growth ratio of 1.08 and a beta of 1.53. Adobe has a 1-year low of $244.28 and a 1-year high of $422.95.

Adobe (NASDAQ:ADBE) last issued its earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, topping the consensus estimate of $5.87 by $0.19. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The company had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same period in the prior year, the business posted $5.08 earnings per share. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. Equities analysts forecast that Adobe will post 16.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Adobe news, CFO Daniel Durn sold 1,646 shares of the company’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 transaction, the chief financial officer directly owned 41,995 shares in the company, valued at approximately $12,382,225.75. This represents a 3.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Adobe

A number of hedge funds and other institutional investors have recently modified their holdings of ADBE. LSV Asset Management boosted its position in 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 acquiring an additional 56 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new position in Adobe in the 3rd quarter valued at $26,000. Western Pacific Wealth Management LP acquired a new position in Adobe in the 4th quarter valued at $26,000. Caitlin John LLC purchased a new position in shares of Adobe during the 3rd quarter worth $28,000. Finally, Beacon Financial Strategies CORP purchased a new position in shares of Adobe during the 4th quarter worth $28,000. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe reported record Q1 results: revenue and EPS topped expectations and the company said AI‑first annualized recurring revenue more than tripled year‑over‑year, evidence that AI products are driving adoption. Adobe Delivers Record Q1 Results
• Positive Sentiment: Adobe emphasized continued product momentum and has been repurchasing stock, signaling management confidence in the balance sheet and long‑term cash returns to shareholders. Adobe’s Revenue Accelerates. Is It Time to Buy This?
• Neutral Sentiment: Management issued FY‑2026 and Q2 guidance that market participants are parsing for evidence of AI monetization; some see guidance as adequate, others view the tone as cautious amid sector volatility. Adobe Q1 earnings and guidance (MarketBeat)
• Negative Sentiment: CEO Shantanu Narayen said he will transition from the CEO role once a successor is named; investors are unsettled by leadership uncertainty at a pivotal moment for Adobe’s AI strategy. Shantanu Narayen Announces Decision to Transition as Adobe’s CEO
• Negative Sentiment: The market reaction has been sharp: shares are down after hours/premarket as traders price in succession risk and renewed AI‑disruption concerns that have pressured software valuations. Adobe shares drop after CEO exit adds to AI‑disruption concerns (Reuters)
• Negative Sentiment: Adobe agreed to pay $75 million to resolve a U.S. lawsuit over subscription cancellation fees — modest vs. Adobe’s market cap but another near‑term headline and cash outflow. Adobe to pay $75M to resolve US lawsuit (Reuters)
• Negative Sentiment: Several analysts trimmed price targets or issued cautious notes after the report and leadership news, adding downward pressure until clarity on succession and AI monetization emerges. TD Cowen Lowers PT on Adobe

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.