Adobe’s (ADBE) “Buy” Rating Reiterated at DA Davidson

Adobe (NASDAQ:ADBE)‘s stock had its “buy” rating reiterated by analysts at DA Davidson in a report released on Thursday,Benzinga reports. They presently have a $500.00 price objective on the software company’s stock. DA Davidson’s price target points to a potential upside of 41.07% from the company’s current price.

ADBE has been the topic of several other research reports. Barclays restated an “overweight” rating and set a $415.00 price objective on shares of Adobe in a report on Friday, December 5th. Oppenheimer cut their price target on shares of Adobe from $460.00 to $430.00 and set an “outperform” rating on the stock in a research note on Thursday. Mizuho lowered their price objective on shares of Adobe from $410.00 to $390.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th. Stifel Nicolaus cut their target price on Adobe from $480.00 to $450.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Piper Sandler reduced their target price on Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a research note on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $422.61.

Adobe Stock Up 3.3%

NASDAQ ADBE traded up $11.29 on Thursday, hitting $354.42. The stock had a trading volume of 6,946,603 shares, compared to its average volume of 3,953,081. The business’s fifty day moving average price is $335.90 and its 200 day moving average price is $358.28. The stock has a market cap of $148.36 billion, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 1.26 and a beta of 1.54. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. Adobe has a 52-week low of $311.58 and a 52-week high of $494.00.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data 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 57.54% and a net margin of 30.01%.The firm had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.11 billion. During the same quarter last year, the firm earned $4.81 EPS. The business’s quarterly revenue 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. Equities research analysts anticipate that Adobe will post 16.65 earnings per share for the current year.

Insider Buying and Selling at Adobe

In related news, CAO Jillian Forusz sold 149 shares of the company’s stock in a transaction dated 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ADBE. 1248 Management LLC acquired a new stake in shares of Adobe in the first quarter valued at about $25,000. Measured Wealth Private Client Group LLC purchased a new position in Adobe in the 3rd quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Adobe in the 3rd quarter worth about $27,000. LSV Asset Management increased its stake in Adobe by 350.0% during 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 shares of Adobe during the third quarter valued at approximately $28,000. Hedge funds and other 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.