Adobe (NASDAQ:ADBE) Receives Market Perform Rating from Citizens Jmp

Posted by Caroline Horne on Jun 12th, 2026

Adobe (NASDAQ:ADBE – Get Free Report)‘s stock had its “market perform” rating restated by analysts at Citizens Jmp in a report issued on Friday,Benzinga reports.

Other research analysts have also recently issued research reports about the company. Weiss Ratings restated a “sell (d+)” rating on shares of Adobe in a research note on Wednesday, June 3rd. BMO Capital Markets cut their target price on shares of Adobe from $375.00 to $285.00 and set a “market perform” rating on the stock in a research note on Friday, March 13th. Dbs Bank downgraded shares of Adobe from a “moderate buy” rating to a “hold” rating in a report on Tuesday, May 19th. Wells Fargo & Company set a $250.00 target price on Adobe in a report on Friday. Finally, Summit Redstone set a $350.00 price objective on shares of Adobe in a research report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eighteen have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, Adobe presently has an average rating of “Hold” and an average price target of $297.69.

View Our Latest Research Report on ADBE

Adobe Trading Down 6.5%

NASDAQ:ADBE opened at $218.24 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $88.21 billion, a PE ratio of 12.71, a price-to-earnings-growth ratio of 0.91 and a beta of 1.42. The stock has a fifty day simple moving average of $245.29 and a 200-day simple moving average of $279.13. Adobe has a 52-week low of $218.09 and a 52-week high of $416.39.

Adobe (NASDAQ:ADBE – Get Free Report) last posted its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, beating analysts’ consensus estimates of $5.82 by $0.14. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The business had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same quarter in the previous year, the business posted $5.06 earnings per share. The company’s revenue was up 12.7% on a year-over-year basis. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. On average, equities research analysts expect that Adobe will post 19.14 earnings per share for the current fiscal year.

Adobe announced that its board has authorized a stock repurchase program on Tuesday, April 21st that authorizes the company to repurchase $25.00 billion in shares. This repurchase authorization authorizes the software company to reacquire up to 24.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at Adobe

In other Adobe news, CAO Jillian Forusz sold 755 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $246.25, for a total transaction of $185,918.75. Following the transaction, the chief accounting officer owned 3,521 shares of the company’s stock, valued at approximately $867,046.25. This trade represents a 17.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Daniel Durn sold 1,336 shares of the business’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $248.02, for a total transaction of $331,354.72. Following the sale, the chief financial officer owned 42,833 shares in the company, valued at $10,623,440.66. This trade represents a 3.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 77,091 shares of company stock worth $18,782,773 in the last 90 days. Corporate insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Adobe

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Western Pacific Wealth Management LP acquired a new position in shares of Adobe during the 4th quarter valued at $26,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Adobe in the third quarter valued at $26,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Adobe in the third quarter valued at $27,000. Caitlin John LLC bought a new position in Adobe during the third quarter valued at about $28,000. Finally, Beacon Financial Strategies CORP acquired a new position in Adobe during the fourth quarter worth about $28,000. Institutional investors own 81.79% of the company’s stock.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

Positive Sentiment: Adobe delivered a double beat in Q2, with revenue and EPS both topping Wall Street expectations, and it raised FY2026 and Q3 guidance. Adobe Reports Record Q2 Results
Positive Sentiment: Management said AI-driven demand and stronger subscription spending are supporting growth, and Adobe reiterated a push into freemium AI products to expand users. ADBE Q2 Earnings Call Centers on Freemium AI Push, Raised Outlook
Neutral Sentiment: Several analysts lowered price targets after the report, but most kept a neutral stance, suggesting the results were solid while near-term upside looks limited. These Analysts Slash Their Forecasts On Adobe Following Q2 Earnings
Negative Sentiment: Investor concern centered on unchanged annual recurring revenue expectations, which raised doubts that Adobe’s AI push will quickly translate into durable growth. Adobe Beats Expectations and Raises Outlook, but Shares Fall on ARR Concerns
Negative Sentiment: Adobe also announced that CFO Dan Durn is departing, adding leadership uncertainty on top of the ongoing CEO succession process. Adobe raises annual revenue forecast, CFO to exit

About Adobe

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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.